7/20/2006 Thu
The Live Trade Seminar (Day
4)
Gapper's Eye utilizes the original macro program designed by
DayTradenet.com
for the CQG chart system.
This program shows
the support and resistance lines as well as the Quatro 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 the
August 2005 issue of Active Trader Magazine.
This is the fourth day of the seminar.
This is a 30-minute gap play.
30-Minute Gap Play
This intraday trading strategy can be used regardless of the
trend.
IMCL staged a nice decline. Earnings were fine, no problems. But, the
company did not mention anything about the buyout nor patent problems.
This is an unusual reversal pattern.
Again, we had plenty of good examples.
We were all watching AAPL.
30-Minute Magic Cross Gap Play
This is a daytrading strategy utilizing the Swing
Scan. 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 gap is too big. (LOL)
This gap is too small. (LOL)
That meant no trade.
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.
The Nasdaq opened higher.
It is still unfriendly environment for swing traders.
What a reversal ! (LOL)
Swing Scan Watch
A new short position. A big-gap strategy.
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.
Overnight Positions
This position is still open.
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.