Gapper's Eye        Gapper's Eye Index        Daytradenet Top
 



2/8/2007 Thu
   


Trade of the Day: APOL

High - Low Bands: Closing Two 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 lower and finished the day with a small real body.

 

 

Find stocks appear on both Swing Scan and Break Scan.

All stocks reversed shortly after the open.

 

 

Moving onto Swing Scan

 

 

 



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 lower and finished the day with a small 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.   

 

 

 

Actual buy should have been yesterday. Anyway, this gap is too big to trade. And, I don't want to add anymore stocks. 

 

Too many up bars in a row.

 

Too many consecutive down bars.

 

Too close to resistance.

 

 

 

Open positions 

 

 I will close this trade if it gaps up.

 

 

open

 

open


closed

90.10 to 94.40

+4.3 point

 

closed

53.10 to 56.80

+3.7 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.