Thursday, May 19, 2011










WTW: caught this one late. this had a gap of 1.4%, my scans only show 1.5%



AAP: was watching AAP turn over. never really saw a clear set up. I did see a clear setup in ORLY below.



FLO: entry. not ideal for me because the move back from highs was a V, I am looking for a U shape. i guess I need to be more picky. Plus,  this stock atr is only .60



FLO: eod


GME: if this was a gap up I would have gone after it. because it was a gap down i didn't. but you can see the first bar is hammer, pulls back forms doji, then makes new high and pulls back to the 20 with the 20 rising. pretty good setup.



HLF: would have been a good trade.


ORLY: entry


ORLY: stopped out around .59.



PETM: i was watching this one as well but passed it up around the 11am mark. then the red doji around noon isn't ideal. i would like it to be green.




WSW: i think on the 5 min chart, this was a nice morning trade. i am considering seeing what happens in the first hour and half on the 5 min. somedays i feel like hunting for a trade between 11-2 is okay, but you aren't going to get the stock to move much until after 2pm. if you find a good setup around 10am the trade could be over by 11am.

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