5/19/2006 Fri
None Qualified For Intraday
Trades
High - Low Bands: Closing Positions
Gapper's Eye uses the original macro program designed by daytradenet.com
for the CQG chart system.
This system shows
the support and resistance lines as well as the Quattro Setup Zone.
The Break Scan System is provided as one of the Daytradenet members
services.
The Kamikaze Gap Play
was introduced to the U.S. traders in Active Trader Magazine.
The U.S.
stock market opens at
22:30 in Japan. (summer Time)
There were no attractive patterns for intraday trading.
30-Minute Magic Cross Gap Play
This is a daytrading strategy utilizing the Swing
Scan (available soon). Our goal is to take one bar worth of profit
on the 30-minute chart. Just by using the Swing Scan, you can play
both swing and intraday trading.
The Breakscan Pro comes with the 30-minute Magic Cross.
No qualified patterns.
High - Low Bands Gap Play Watch
We
are releasing the Swing Scan system shortly. As the name implies,
this system is designed to scan candidates for swing trading. If your position moves to the point of
your entry, you can close your position during the market hours.
Be sure to follow the market index closely.
The Nasdaq gapped up on the open. Considering three straight down days, it
was expected, and the index closed near the high of the
day.
Over night positions
The Nasdaq may pull back from its low, so I have decided to close short
positions.
The stock opened higher. I exited the position.
25.0 to 19.8
+5.2 point
The stock gapped up. I closed the position.
39.1 to 38.5
+0.6 point
The issue opened higher. I exited the position.
30.9 to 29.1
+2.8point
As I stated above, the Nasdaq may begin to pull back from its low.
32.2 to 32.3
-0.1point
SHLD is a hedge position.
This is the high - low bands big gap strategy, an advanced method.
The Nasdaq may reverse to the upside. I decided to hold this position.
This is the high - low bands continuation play, an advanced strategy.
33.5 to 29.0
+4.5point
This is the high - low bands continuation play, an advanced strategy.
29.0 to 26.5
+2.5point
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.
Too many consecutive down days. No trade.
A closed position.
There are too many down days. No trade.
There are too many down days. No trade.
Also, there is a big support zone below.
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.