Gapper's Eye        Gapper's Eye Index        Daytradenet Top
 



5/23/2007 Wed
   

TEVA, COST and PCLN

Hatch3 Gap Play


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 gapped up on the open.

The green dot indicates the opening price. The index is in the long zone, but watch out for a reversal especially after three consecutive up days. Be patient !
 

 


 

 

 

I picked them before 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.   

 

Hatch3 can calculate position sizes.

- $55

- $65
 

- $340
 

 

 Total: - $460 


 

As I expected, the index formed a down bar.


 


 

 

 

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.