Monday, December 28, 2009

Trades

Here are illustrations of a couple of typical opportunities that i would like to capitalize on:

Opening Gaps

Screen: 
  1. Min Price $2 Max Price $20
  2. Avg Daily Volume >300k
  3. Pre Open Volume >30K
  4. Pre Market Price Must Clear previous session High
Entry:
  1. Use 10 minute Bars
  2. Enter when high of first 15 minutes or Opening Range is broken to the upside or break of first 10 minute Bar
  3. Stop is low of the 2nd bar
  4. RSI 8 must be through the roof
  5. EMA 8 must not be violated - could also try 10 MA 
Exit
  1. RSI 8 divergence
  2. RSI 8 is crossing the 70 oversold line

Example #1 - VICL

















Example #2 - STEC



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