4/9/2007 Mon
Intraday trade With Hatch #3
High - Low Bands: Closing 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 higher, but reversed and formed a down - bar.
Hatch #3
Exit half by using 3-minute chart with high - low bands. The rest will be
exited 10 minutes before the close.
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.
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.
Open Position
This is the fifth day. I closed the trade.
76.70 to 77.60
+1.0 point
Hatch #3
Open positions shortly after the open.
Exit positions just before the close.
Because the Nasdaq reversed to the downside shortly after the open, you had
to time your entry by utilizing 3-minute charts. In other words, you had to
wait for stocks to pull back to the gap and reverse.
The stock found its support at the lower boundary of the gap.
The stock found its support at the lower boundary of the gap.
The stock found its support at the lower boundary of the gap.
And how did they move afterwards?
+0.66 point
-0.07 point
+0.19 point
total +0.78 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.