7/30/08: AHG - Gap play

Macro setup: Daily Bear Gap under hourly pivot and prior Bullish daily bar ("Bull"-shocker).

Entry setup: After establishing it's opening 5-minute range, the stock setup a 1' Sell-setup at the declining s8ma (simple 8-period moving average) with a series of narrow-range bars. The stop-loss was very tight, giving the opportunity for a low-risk, high potential gain trade.

As usual, I covered my position with multiple exits (which is in my plan, but not to be lead by example) so I did not realize the full potential profits. But, a good winning trade none-the-less.

Check out the chart...

7/1/08: RVBD - Gap play

This was a Gap trade that gapped just under hourly Major Support. I caught the entry near the 10:00 Reversal Time. It was a Sell Setup after a retracement back to a minor resistant area, after gapping down into an hourly downtrend.

I took it as a "scalp" trade off the 5-minute chart, so I covered my position after 3-bars down into the prior morning support area - clearly too soon (always easier to say you should have gotten out "here" after the fact).

...check out the chart!