Gap and Go Short- SRE

5 minute chart

Daily Chart

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Stock: SRE

Entry Bar: 2
Time Frame: 5 minute
Entry Green Line: 48.33 SHORT
Stop Red Line: 49.39
Result: 1.00 to 1.17
Setup Grade: B
Notes: Going a little against the grain but was leaning gap fill on the entire market. Wide stop/less shares. Scale as you go. Wanted to get short under 48.72 on the daily. If you held a little all day would have been stopped out at your entry......still nice gainer.

* The setup grade is based on rules outlined in my business plan & not for the end result. Feel free to post any trades you made today that you would like commented on.

Emini Opening Gap Fade - ES

5 Minute Chart - Entered at the Open

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Stock:ESM10

Entry Bar: Market order at the open Long
Entry Green Line: 1202
Stop Red Line: 1197
Result: 1207.75...plus 5.75 points
Notes: I have mentioned before that I use Master the Gap to determine if I will fade the opening stock index's. Master the gap gives probabilities for gaps closing every day based on patterns, seasonality and market conditions. I use these probabilities and other indicators to determine if I will fade a gap. I make maybe 4 or 5 trades a month using these probabilities. It gives me another setup but you must be patient.

Besides the favoring numbers and I also took into account the "bullmarket" and win ratio. I targeted the low of the previous day and got real lucky as it rolled over before hitting my target. Anther lesson in setting your target and not getting greedy. The greedy one's got it handed to them today.

Posting a trade from a reader over on the face book site as well. A ten minute gap and go.

One minute chart - TRN

Daily Chart

1 minute chart

5 minute chart

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Stock:TRN

Entry Bar: 6
Time Frame: one minute
Entry Green Line:26.51
Stop Red Line: 26.38
Result: .25 to .45
Setup Grade: B
Notes: Scale as you go...nice bar on the 5 minute chart...see how the one minute sets it up. Hold some all day, in this case shares you held would have been stopped out at entry.

* The setup grade is based on rules outlined in my business plan & not for the end result. Feel free to post any trades you made today that you would like commented on.