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The set up. 8 Days up. Many wide range bars including the last one. At new highs, (through resistance) My second favorite gap play Novice/exhaustion gap.

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Presentation on theme: "The set up. 8 Days up. Many wide range bars including the last one. At new highs, (through resistance) My second favorite gap play Novice/exhaustion gap."— Presentation transcript:

1 The set up. 8 Days up. Many wide range bars including the last one. At new highs, (through resistance) My second favorite gap play Novice/exhaustion gap I was looking for a gap up and push up in the morning to short

2 Pre market 100 tick chart Yesterdays close was 25.00, HAR ran up to 38.00 in the first few minutes of the pre-market I missed this lower high, because I dont get up that early I shorted this lower high, HAR was still trading ~ 4.00 over yesterdays close after 8 days up. Reduced stop here. Exit here on the break out.

3 After the open Trade #2, As good as it gets. The gap up and rally I was looking for. Short entry here, stop over high of day. Reduced stop and added additional shares here. Reduced stop here. Exit here, Yeah

4 Summery First trade, premarket Entry 28.75, stop over 29.50 (.75 cent risk) Exit 26.25. ( 2.50 profit, or 3r) Trade 2, 9.40 am Entry 26.95, stop over 27.75, (.80 cent risk) 2 nd entry 25.75, stop over 26.30. Exit 24.00, (2.95 profit on first shares and 1.70 on additional shares) The add/reduce concept allowed me to essentially double my size and eliminate all risk.

5 Another view. If I were only smart enough to hold on I got out here with huge profit because that was my play. This chart makes me think about holding on to some next time I entered here because of the daily extension and the gap.

6 Now that was a nice gap. 8 days up It was here in the pre market 38.00 Gap up and run up


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