11/13/2006 Mon
Trade Of The Day: WYNN And BIDU
30 - Minute Magic Cross: 2 For 2
High - Low Bands: Extending Gains
Gapper's
Eye utilizes our original unique stock scanner, Break Scan, and sophisticated
chart software, CQG. With nominal fee, the Break Scan is available to our
members.
The Kamikaze Gap Play
was introduced to the U.S. traders in the
August 2005 issue of Active Trader Magazine.
Choose stocks show up on both the Swing Scan and Break Scan Pro. It's an easy
way to capture excellent trading opportunities.
Double Scan Quick
Play
30-Minute Gap Play
This intraday trading strategy can be used regardless of the
trend.
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.
These are two stocks with appropriate size of gaps.
Two wins and no 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 opened flat. The index is in the long 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.
Focus on long trades.
This is one of my open positions.
A new long.
A new long.
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.