Generally these stocks had a huge run-up in the morning on big
volume, I don't chase them. later in the morning or day I
view 5 min charts of these stocks, many times what will happen is
after the initial morning runup, price will pullback and flag to
the 9 and 20 MA's allowing for a low risk entry before another hard
pop, see chart
SPU day trade educational example
Posted by matt on 29th of Aug 2016 at 12:10 pm
Educational Newsletter On Day Trade Example
I've discussed this type of setup before, here's another example
What I like to do is scan FINVIZ in the morning for the stocks that are taking big volume and are up a large percentage.
here's a link to my Finviz Scan :
Generally these stocks had a huge run-up in the morning on big volume, I don't chase them. later in the morning or day I view 5 min charts of these stocks, many times what will happen is after the initial morning runup, price will pullback and flag to the 9 and 20 MA's allowing for a low risk entry before another hard pop, see chart
Textbook perfect, Matt. Thanks.
Posted by RichieD on 29th of Aug 2016 at 03:30 pm
Wish I could've been at my computer screen all day today to take advantage of this. Congrats to those who did.
figured what the hell, I
Posted by matt on 29th of Aug 2016 at 12:24 pm
figured what the hell, I made a quickie educational newsletter showing this
http://breakpointtrades.com/market_analysis/legacy.php?nl_id=3114
Thanks, Matt
Posted by stevieb294 on 29th of Aug 2016 at 12:52 pm
Very cool
Excellent Matt but once in
Posted by cuqui69 on 29th of Aug 2016 at 01:17 pm
Excellent Matt but once in the trade what is the exit/profit target?