Gapper's Eye

Gapper's Eye Gapper's Eye Index Daytradenet Top
1/19/2007 Fri　　　 Trades Of The Day: GILD And AMGN High - Low Bands: Closing Two Positions Gapper's Eye utilizes our original unique stock scanner, Break Scan, and sophisticated chart software, CQG. With nominal fee, the Break Scan is available to our members. The Kamikaze Gap Play was introduced to the U.S. traders in the August 2005 issue of Active Trader Magazine. 　 The Nasdaq gapped down on the open. Because of three consecutive down bars already, this is not time to short. As I expected, the index formed an up bar. 　　　 Choose stocks show up on both the Swing Scan and Break Scan Pro.　　 None 　　　　 I picked two stocks for long. 　　　　 30 - Minute Gap Play 　　 A beautiful pattern ! 　 High - Low Bands Gap Play Watch This strategy can be applied effectively by using the Swing Scan. As the name implies, this system scan stocks for swing trading. Of course, these stocks are suitable for intraday trading, too. Don't just concentrate on stocks. Be sure to follow the index. 　 The Nasdaq gapped down on the open. Because of three consecutive down bars already, this is not time to short. As I expected, the index formed an up bar. 　　 Swing Scan Watch Each figure shows the size of the gap, the order of moving averages, the new high or new low in the past five days. The trigger indicates the buying and selling pressure. We do not hold overnight positions more than five days. A long position will be closed when the stock gaps down. (Sometimes, the position is liquidated on the second gap-down.) The opposite rules applies for closing short positions. 　 I expected a doji or up bar today. As I said, the index has already too many consecutive down days. This is not time to short. 　 But, I decided to short this one. It has too much of a good chart pattern to miss. Also, two of my overnight positions were profitable. 　 No trade 　 No trade 　　 Existing positions I closed the trade. 31.30　to 30.0 +1.3point 　 I closed the position as I planned. 30.8 to 29.6 +1.2point 　　 Gapper's Eye Index Daytradenet Top Red and blue zones show the gap of the preceding day. The Green zone indicates the profitable zone of trading.