4/17/2007 Tue
Featured Trades: GILD and ISRG
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. We have to watch out for a
reversal.
Let's check each daily chart.
This was the only trade right after
the open.
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.
Hatch #3 calculates how many shares we can trade.
+1.49point ・ Up $372
-0.32point ・ Down $160
Total profit is $212.
These are four stocks with loosened
up parameters.
-0.61point ・ Down
$305
+0.19point・ Up $95
-0.32point ・ Down $80
+1.49point ・
Up $186
In this case, we are down $104. Remember,
these are stocks without strict screening conditions.
Now, adding NVDA profit, our total profit is $356.
The Nasdaq formed a narrow range down - bar.
It appears the index has cleared
the resistance level.
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.