4/16/2007 Mon
Featured Trades: AMZN, AMLN, CROX and KLAC
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 at an ideal area to open new long positions.
The green dot indicates opening price.
Swing Scan with weekly trend filter
shows three stocks. Daily charts are below, and the green dot indicates opening
price.
This gap is a bit too large.
This gap is a bit too large, too.
This is an excellent formation, but
it lacks a good gap.
Now, removing the weekly filter.
AKAM has shown up.
A nice pattern.
A good entry.
It really performed well.
This one did not go up that much.
I will hold this one.
Total profit so far +1.76point
Now, wait for a pullback to catch more trading opportunities with Hatch #3.
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.
This was how the stock ended the day.
↓
+1.05point
This was how the stock ended the day.
↓
+0.83point
This was how the stock ended the day.
↓
+0.7point
This was how the stock ended the day.
↓
1.18point
Hatch #3
You can buy 500 shares each if your buy power is $100,000.
AMZN +1.05point
AMLN +0.83point
CROX +0.7point
AKAM +1.18point
Total profit +3.76
Up $1880 (5oo shares
each)
If you traded at the open, your profit would be $880 more.
The Nasdaq finished the day with an
up-bar. Has it cleared the resistance?
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.