Wednesday, September 16, 2015

Watchers for the 9-17-15 trading session


Red floater scan return. Idea is to play for more down side on day 2. Closed down under 3.5% on Wednesday off a flat open that ended below the debut. Stop just above the Wednesday session high (0.71) to cap losses on head fake fade entries. I'm only into the shorting possibility if it surfaces, keeping flat on strength. Also a short on heavy volume dumps/confirmed weakness cues. Big sell volume on Wednesday means it may have suspect chances to work. A 0.70 fail may be ideal. Avoid big gaps/longs. Panic dump?


In play both ways. As a long on continuation of momentum above 6.12/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 5.75/and holds. Or as a scalp sell on a pop down at or near the bell. Avoid all big gaps. Be careful maintaining a short on a reversal back over 5.75 The fade is more likely given the price action on Wednesday, but keep an open mind.


B/O scan. I like it long back over 8.23 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Wednesday or the 1st 30 minute low of Thursday. Avoid all shorts and all big gaps. The low on Wednesday is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Low volume on the rise, a good sign for new buys. Exiting below 7.75 on fails after trigger entry is possibly advisable. Early r/g buy?


Bullish Engulfing. I like this long over 5.78/holds. Moderate volume on the rise, which is a neutral sign for new buyers. Keep flat on real weakness aside from a typical red to green move, etc. Stops just under the low last time or the initial 30 minute one on Thursday. More conservatively a stop placed under Wednesday's close, too. The low on that day is too far away to use for stops. Ideally stays above 5.60 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.


I like this long on a break out over 9/holds. Or on a spike up at or near the gun as a scalp buy. Keep flat on after the noise candle bearish price action or on morning panic dumps. Watch for a early pseudo weakness with a a red to green move to purchase into. Avoid all big gaps and shorts. Possible short squeeze over the trigger. Low volume gap up sizable rise on Wednesday. Requires constant monitoring. Stops just under 8.25 is one risk managing approach, since a fail back under indicates failure on the buy. 


Hammer scan short. The tail is not too long to use the high as a stop level unless the position is very large. Can use a bit above Wednesday's close for risk control. Trigger is below the low of last time, here under 16.77/holds. Avoid all big gaps, especially down ones. If it gaps under the trigger or 16.98 let it test/hold/fall from there 1st before entering. No longs. Stop above Wednesday's high at the most if more aggressive. 

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