4/20/2007 Fri
Featured
Trades: ISRG and PCAR
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 with a big upside
gap. The index is obviously in the long zone.
But, it is facing the resistance
line, and this makes trading harder.
This gap is a bit too large, but the chart is a good pattern to trade.
This one looks OK, too.
You can call it a day. The stock
already moved its average daily range.
So is this one. It has traveled its average daily range.
Up $2175 if you traded 500 shares each.
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.
Utilizing Hatch3 to pick stocks with good weekly patterns.
What would happen if you traded
these two stocks and exited positions just before the market close?
Down -0.15 point. (-$72.5)
+3.27 points Up $1,635
Total profit: $1562
The Nasdaq formed a doji bar.
It has finished right at the resistance
level.
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.