Author Archives: TraderHank

Hourly COG in STI on Monday made for a powerful long play…

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  Going over my notes from Monday, I realized that my play in STI was really the play of the day.  STI had been selling off hard all day long and for some reason I just never could get in … Continue reading

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CBS in TGT leads to some nice profits for TraderHank

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  My play of the day on Monday 7/21 was in TGT which I found while doing my 9:45 am wide range bar scans.  TGT sold off hard into lunch time putting in 7 red bars on the 15 minute … Continue reading

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Monday’s play in the QQQ

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Another great week of trading but I’ve had no time to post any of my plays so I’m playing a little catch up from last week.  I’ll start with my trade in the QQQ’s which had gapped up and rallied … Continue reading

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QQQ short play comes up big for TraderHank

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I sat around all morning wondering if I would get a trade off as the QQQ’s had gaped up this morning clearing yesterday’s highs.  The first hour of trading in the Q’s was in a narrow range and I was … Continue reading

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Gap fade play in MS

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My play of the day came in MS which I found on my gap play list as a Tier III type mortgage gap.  As the market closed its first hourly bar with a red topping tail bar, I figured that … Continue reading

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Huge gap down in the market makes for tough trading on Friday

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  After being whipped out of my short trade in WFC and taking a full stop I was finally able to find a winner in QCOM.  QCOM made my list as a Tier II could be a Tier I mortgage … Continue reading

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Malfunction in trade management…

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I’ve been on a roll since May 4th completing another profitable week of day trading. I have a few trades that I’d like to share and my first was a beautiful mortgage type gap from Thursday in UAL.  I scored … Continue reading

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OMG play in PCAR

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  After taking a hit in AIG, I rolled the dice again long in PCAR, but this time it was Magic…  Full share size, .50 cent move in price and a full 4+ risk unit trade in PCAR.   A … Continue reading

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Stop out in AIG

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Not a great way to start out today on this shortened trading day before the fourth of July.  I still needed to hit my profitable target for the week and I knew that I had to stay bullish.  As the … Continue reading

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The shock power of a Gap…

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  I gave a lecture at our local Las Vegas Day Traders meetup group last night and I wanted to share this chart of ANF showing the aftermath of price action after a Tier II gap from May 28th.  Price … Continue reading

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