Gapper's Eye        Gapper's Eye Index        Daytradenet Top
 



4/13/2007 Fri
   

Trade of the Day: INFY and AMLN

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. Which way is it going to move?  

 

 

No stocks with strong weekly trend.
 

 

Moving averages on the weekly charts are not lined up properly for those stocks.

Gaps are a bit too large.

 

This one is not tradable immediately after the open.

 

This is nice profit. You can forget about the second half of the trade.

 



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.   

 

 

 

Wait for a pullback to open a position. 

 

 

Hatch #3

+0.22 

Up $264 if you traded 1200 shares.

 

+0.23 

Up $276 if you traded 1200 shares


Aster commissions, your total profit is more than $500.

 

 

The Nasdaq finished the day with an up - bar. It is approaching the upper boundary of the gap. 

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.