Gapper's Eye        Gapper's Eye Index        Daytradenet Top
 



7/25/2006 Tue
   


Plenty Of 30-Minute Gap Plays

High - Low Bands: Ouch !


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.

 

 

At The Opening

 

 

 

30-Minute Gap Play

This intraday trading strategy can be used regardless of the trend.

 

 

 

 



This is not a tradable pattern.

 


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. 

 

 

 

No trade because the issue already made a big gap.



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 directionless.    
 

 



Swing Scan Watch


 

Too many consecutive down bars. No trade.

 

No trade. Because of the doji-bar, the stock may change its direction.

 

No trade. The issue had an up-bar yesterday.

 


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  

 

News said that the company posted better-than-expected second-quarter results and gave a strong guidance, but shares fell after the diet company said its president and operating chief will leave to attend to family health issues.

66.30  to 59.50

-6.8 point

I cut the loss and shorted the issue. I covered the position shortly before the close.

59.50 to 54.50

+5.0 point

I made up the loss.

 

 

 

 

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.