Grinding
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RGLS and CTRP were the other 2 I played this morning once I got out of PPL. Made 130 and 70 Respectively.
So total for the day on gap trades in the first half hour of market open was 240. After that I was done for the day.
Both I found from scanning the link I sent you this morning.
Yeah I wouldn't follow me, or anyone blindly. I would take the time to watch, paper trade, research, and learn before doing that. Not everyone is going to be upfront and honest like I am.
Don't give up yet.
Oh I'm surprised you didn't stop loss around 32.20 once it hit 32.22 or even stop loss 32.15
Good luck.
I wouldn't do it, I prefer to day trade rather than swing trade, helps me sleep easier at night with nothing on the table.
But if it's any consolidation, the odds are in your favor. It's in a positive uptrend if you look at the daily, and pretty close to potentially bouncing off the trend line.
Incoming 3.70 break. 3.69 bid support super strong.
I'm VERY interested to see where the price is at when we get to this point:
Here's that point on the 3 Minute chart.
Interested Because, yeah the negative trend line being support is fine and all, but I don't want our support to be constantly putting in lower lows, I want higher lows.
So I'm looking to that point, for the point where we separate and begin putting in the higher lows.
I just wanted to say thanks... For the coffee coming out of my nose as I read "The Clayster". The pain was much appreciated.
32.22 - Looking spicy. You still in?
For morning gaps I look at that 1, 3 and 5. I more closely watch the 3 and 5. 3 tends to be my favorite.
There you go, You're green now eh? Stop loss this climb up and keep raising it. Volume falling off, so maybe just get out.
No lifeguard on duty. Let me know what you do.
32.00 keeps trying to break. good news for you. If it can maintain this 3 minute bar above it, even better. Could test 32.10 right after if it shows that kind of support.
Oh no. "basic rules of charting" when resistance is broken it becomes support. Uh oh. Looks like we're going up.
The opening price was 32.40
Normally that price will get touched again if the volume is there.
Personally I never chase that, I take what the market gives me.
But if I was in your position, I might wait it out. I only quick flip gaps. 5 minutes in tops. Maybe 7.
Risk mitigation mode.
Personally I wouldn't have gone so big there, that way you could have doubled up in the 31.70s.
If you take the losses here that's what, 340? shit.
Volume decline. Might get a small pop here. Needs to break the even numbers though 31.90 gonna be tought to break above, after that 32.00 will be tougher.
I can't tell you what to do, cuz I wouldn't have gone so big on a falling knife. I I start small (I did 300) so if it drops more i can keep adding and average down or "add to my position"
Gap COULD get filled. But I mean, Price support is all the way down at 31.30
Out. Quick 42. On to the next one.
Stop 32.10 could go lower.
300 @ 31.96.
Will add to my position if it dips lower.
Hell yeah Earl is
The spike is real
Looking that way so far. Can't wait to see how she reacts closer to market open
Closing the gaps before open
Looking to play PPL on the bounce
http://thestockmarketwatch.com/markets/pre-market/
Just scroll down to the "pre market movers" section
Just look during pre market for stocks that gapped overnight. Go through them all, determine which one looks suitable based on re type of gap (pro gap or novice gap) also volume, was it a gap into demand or not, etc. for the most part on a gap up I'll short, and on a gap down I'll long. I can post a link for a site that shows live pre market big movers that you can use if you need one.
Can't believe every link you read either though. Unless there's enough of it going around. I always research every news I hear or read to make sure it adds up, but was driving so didn't have a chance so wanted to throw it out there and let you guys do the work for me.
Googled it. Can't find it. Guess rush limbaugh was taking out his ass
I'll look here shortly. On phone putting together a new entertainment center. I heard it on rush on am radio on the drive home from work while switching through stations.
Iran deal June 30 deadline lifted. No more deal in the making. Officially done.
We'll see. Looks like steam building to me.
DXY is a direct comparison between the EURO and the dollar. So not at all the dollar.
Bang em at the close?
If the trend line gets broke at 59.10, the gap there at 58.69/58.70 is where I'm looking next. I still want to see the action at 59.10 and not ignore it.
I'm referring to WTI. The commodity that UWTI is price against.
I'm waiting to add around 59.10
Looking for 60.00 to hold so we don't have to cover those bars.
Yeah greek drama, but that's what it is. Drama.
http://www.marketwatch.com/story/dollar-lower-in-rangebound-trade-ahead-of-us-data-2015-06-01