Gapper's Eye        Gapper's Eye Index        Daytradenet Top
 



4/12/2007 Thu
   

Trade of the Day: MEDI

Intraday Trading With Hatch #3


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 flat. The green dot indicates the opening price. The index is in the long zone, but this open price makes trading a bit harder.

 

MEDI has a strong weekly trend.
 

 

You cannot short NTAP because the index is in the long zone. Look at the daily chart of NTAP. It has already three consecutive down days.

 



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.

 

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.   

 


Why different stocks? Because, they are not programmed same way.

 

Hatch #3

MEDI has a strong weekly trend.
 

You can buy up to $100,000 with $25,000 of trading capital. This is enough to cover MEDI trade.

 

 

+1.6 

Up $1920 with 1200 shares.

 

You can get two more stocks if you remove weekly filter.

Daily charts look good, too.

 

 With $25,000 of capital, you can buy up to $100,000. So, this is enough to trade both stocks.

MEDI

+1.6 

Up $1600 with 1000 shares.

 

Total profit of three stocks: $1750

 


MEDI  only

+1.6 

Up $1920 with 1200 shares

 

 

 

The NASDAQ finished with a long range up - bar. It is challenging the resistance zone again.

 

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.