5/26/2006 Fri
No Tradable Signals
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 market will be closed on May 29
because of Memorial Day.
The U.S.
stock market opens at
22:30 in Japan. (summer Time)
These intraday trades are based on the Break Scan. Turn Magic Cross
condition on, and pay attention to stocks with two break indications.
As you can see, there are several stocks, but you should choose one fits
with your account size and trading skill. Be realistic !
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.
This trade had to be completed within 30 minutes.
↓
This one was not tradable.
↓
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.
The index recorded already two consecutive up days. You have to be selective
with long trades.
Over night positions
The stock opened above the stop price. There is still upside potential.
Swing Scan Watch
No qualified issues.
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.
These are stocks with undesirable MA conditions.
It has already three straight up bars.
We should have bought it yesterday.
It has already two consecutive up days.
The stock made three consecutive up bars already.
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.