2/16/2007 Fri
Trade of the Day: ADBE, VSEA and QCOM
High - Low Bands: Closing 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 an up bar. Although the
index is in the long zone, be selective with swing trading.
No stocks, so let's change
parameters.
↓
Find stocks appear on both
Swing Scan and Break Scan.
Double Scan Trading System
No tradable long candidates.
These stocks come from Real Tick pre -
screen, and all are 30 - minute gap plays.
Daily chart below
A beautiful pattern
Daily chart below
ADBE was advancing nicely.
Daily chart below
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 an up bar. Although the index is in the long zone, be selective
with swing trading.
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.
The Nasdaq opened lower.
No stocks, so I had to change
parameters.
↓
The gap is too thin.
Too many consecutive up days.
Too many consecutive up days.
Too many consecutive up days.
Open Positions
The stock gapped down. I closed the position.
The stock gapped down. I closed the position.
The stock gapped down. I closed the position.
Have a nice weekend !
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.