4/24/2007 Tue
Featured
Stocks: PCAR and ESRX
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.
Again, the Nasdaq opened right at
the resistance. Although the index is in the long zone, this is not an easy
pattern to trade.
This is enough. You can call it a
day.
If you traded 500 shares each, your gain would be
$3450.
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.
Let's check Hatch3.
+0.24 point or up $168
-0.7point or down $490
+2.32point or up $812
+2.57point or up $642
Total profit from three trades: +$490
Total profit from four trades: +$992
The Nasdaq finished with a narrow range down bar.
Still, the index is struggling to take out the resistance line.
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.