Sunday, January 10, 2016

Watchers for the 1-11-16 trading session


In play both ways. As a long on continuation of momentum above 6.50/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 6.40/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 6.50. The fade is more likely given the price action on Friday, but keep an open mind.


B/O scan. I like it long back over 5.25 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Friday or the 1st 30 minute low of Monday. Avoid all shorts and all big gaps. The low on Friday 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 5 on fails after trigger entry is possibly advisable. Early r/g buy?


Bullish Engulfing. I like this long over 0.665/holds. Large volume on the rise, which is a poor 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 Monday. More conservatively a stop placed under Friday's close, too. The low on that day is too far away to use for stops. Ideally stays above 0.65 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.


Hammer scan long. The tail is not too long to use the low as a stop level unless the position is very large. Use the previous session open alternatively instead. Trigger is above the high of last time, here above 14.59/holds. Avoid all big gaps, especially down ones. If it gaps over the trigger or 14.55 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Low buy volume, which may mean overt buy interest is still developing, suggesting reversal upwards is unclear.


I like this long on a break out over 6.03/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.  Moderate volume gap up debut decent rise on Friday. Requires constant monitoring. Stops just under 5.75 is one risk managing approach, since a fail back under indicates failure on the buy. 


Red candle floater scan return. Idea is to play for more down side on day 2. Closed down a bit under 2% on Friday off a gap down open that ended below the debut. Stop just above the Friday session high (1.75) 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. Low sell volume on Friday means it may have real chances to work. A 1.60 fail may be ideal. Avoid big gaps/longs. Panic dump?


I like this short on over extension back under 9.50/holds. No longs. Avoid all big gaps. A number of up sessions. Wait for the noise candle to end before considering entry.   

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