4/13/2007 Fri
Trade of the Day: INFY and AMLN
Intraday Trading With Hatch #3
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 flat. The green
dot indicates the opening price. The index is in the long zone. Which way is it
going to move?
No stocks with strong weekly trend.
Moving averages on the weekly
charts are not lined up properly for those stocks.
Gaps are a bit too large.
This one is not tradable
immediately after the open.
This is nice profit. You can forget
about the second half of the trade.
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.
Wait for a pullback to open a
position.
Hatch #3
+0.22
Up $264 if you traded 1200
shares.
+0.23
Up $276 if you traded 1200
shares
Aster commissions, your total profit is more than $500.
The Nasdaq finished the day with an
up - bar. It is approaching the upper boundary of the gap.
Have a nice weekend !
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.