9/25/2006 Mon
Plenty
Of Excellent 30 - Minute Gap Plays
High - Low Bands: Reshuffling Positions
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.
Pick stocks show up on both the Swing Scan and Break Scan Pro. It's an easy
way to select good trading candidates.
I call it "Double Scan Quick
Play". (LOL)
The stock could not signal a buy because it failed to take out the high of
the first one - minute bar.
30-Minute Gap Play
This intraday trading strategy can be used regardless of the
trend.
There are so many !
You don't have to look around. All you need is this list.
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.
Two wins and two losses.
How did they trade afterwards?
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 index gapped up on the open. It is now in the long zone from the
sideways zone.
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.
A new long position.
The index does not justify short positions now. The issue has too many consecutive
down days.
A new long.
No trade. I have just closed this position.
Overnight positions
This is the fifth day. I closed the
trade.
54.40 to 57.40
+3.0point
This is the fifth day. I closed the trade.
33.10 to 34.90
+1.8 point
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.