2/2/2007 Fri
Trade Of The Day: ISRG And CROX
High - Low Bands: Two New Positions
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.
The Nasdaq opened higher. Because the index is in the long zone, it is a
good day to open new swing positions. Anyway, the index formed a narrow real
body.
Look for stocks appear on both
Swing Scan and Break Scan.
Pre - selected stocks opened with relatively
big gaps.
This is a modified version of
30-minute gap pattern.
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. Because
the index is in the long zone, it is a good day to open new swing positions.
Anyway, the index formed a narrow real body.
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.
Both stocks have big gaps, but the Nasdaq is in the long zone.
Long
Long
No existing positions
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.