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8/7/2007 Tue
   

Scalping WYNN


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 green dot indicates the opening price of the Nasdaq index. 

 

Excerpts from Net Aid:

Hatch 3 gave us only one candidate, so I decided to scalp that stock by using 1 - min. chart.


2007-08-07 22:17:41 hatch shadow
There are more than a few functions on hatch 3. Get to know each function, and be creative. You will be able to find good trading candidates. 

 

 

2007-08-07 22:30:44 hatch
Long WYNN at 116.23.

2007-08-07 22:32:30 hatch
Out at 117.50.



2007-08-07 22:32:55 hatch shadow
I don't think I need to explain anything here.

2007-08-07 22:34:42 hatch
Long at 118.10.

2007-08-07 22:35:42 hatch
Out at 119.0.



 

2007-08-07 22:37:28 hatch shadow
WYNN is the only one to trade today. It's very easy pattern to understand.
2007-08-07 22:38:22 hatch
Long at 119.0.

2007-08-07 22:40:33 hatch
Out at 122.0.
 



2007-08-07 22:41:15 hatch
Long at 121.30.

2007-08-07 22:41:34 hatch
Out at 121.0.



2007-08-07 22:41:56 hatch
Long at 121.0

2007-08-07 22:42:35 hatch
Exit at 121.38.

2007-08-07 22:42:54 hatch
Long at 121.20.

2007-08-07 22:43:24 hatch
Out at 121.30.

 

2007-08-07 22:45:23 hatch
Long at 120.35.

2007-08-07 22:45:57 hatch shadow
The futures are getting strong.

2007-08-07 22:46:44 hatch
Out at 120.79.



2007-08-07 22:47:03 hatch shadow
Watch out ! The futures are getting volatile

2007-08-07 22:50:14 hatch
Long at 120.0.
2007-08-07 22:52:06 hatch shadow
The futures are talking out the high.

2007-08-07 22:52:53 hatch
Out at 120.70
. 



2007-08-07 22:54:30 hatch 
Long at 120.79.

2007-08-07 22:56:32 hatch
Out at 121.90.



2007-08-07 22:57:24 hatch shadow
WYNN already moved more than average daily travel range.

2007-08-07 23:01:54 hatch shadow
The futures are improving.
2007-08-07 23:02:13 hatch
Long at 121.33

2007-08-07 23:03:55 hatch
Exit at 121.60.





2007-08-07 23:04:28 hatch shadow
WYNN looks tired.




 

 

Total points gain: 8.46
 

Up $3384 if you traded 400 shares.

 

WYNN 10-min chart

 

If you held the stock till the close, your gain would be 1.96 point.

 

The Nasdaq formed an up bar.

 


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Charts courtesy of CQG

Source: 2006 CQG, Inc. All rights reserved worldwide.

 


Red and blue zones show the gap of the preceding day.
The Green zone indicates the profitable zone of trading.