2/8/2007 Thu
Trade of the Day: ＡＰＯＬ
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 opened lower and finished the day with a small real body.
Find stocks appear on both
Swing Scan and Break Scan.
All stocks reversed shortly after
the open.
Moving onto Swing Scan
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 opened lower and
finished the day with a small real body.
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.
Actual buy should have been
yesterday. Anyway, this gap is too big to trade. And, I don't want to add anymore
stocks.
Too many up bars in a row.
Too many consecutive down bars.
Too close to resistance.
Open positions
I will close this trade if it
gaps up.
open
open
closed
90.10 to 94.40
+4.3 point
closed
53.10 to 56.80
+3.7 point
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.