Tag Archives: PSS

Stop and Reverse leads to a big 10 point play

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  As the market finally moved up out of the 1947 area as 11:15 am reversal time was nearing I felt it was safe to take the first 5 minute buy @ the r20ma only to watch it fail.  I … Continue reading

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The Q’s finally roll over and play dead!

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Unlike my previous post, I got this trade right. Nice topping tail bar COG forming… Looking good so far… After my short play took off, I started to manage bar by bar on the 2 minute chart deciding to cover … Continue reading

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Law of momentum explained…

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I had a text book 15 minute PSS that triggered in CVS today. It failed, but there are a few things that can be learned by this play. First the play triggered during lunch, 11:15am -1:50pm EST is the toughest … Continue reading

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15 minute PSS

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My play of the day came in the QQQ on a 15 minute sell setup that triggered over lunch. I had expected this sell off yesterday afternoon and had found myself short into yesterday’s close holding a small loss on … 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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SLB short revisited…

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I almost went without a play this morning as nothing was setting up to my liking.  I finally found a 5 minute short in SLB that looked pretty good as the market started to sell off.  SLB had a nice … Continue reading

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STI short does the job for TraderHank

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  What a mess the market has been yesterday and today.  I had a scratch day yesterday with two attempted trades that I managed to get out safely due to “no follow through” NFT.  Today price action looks about the … Continue reading

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HD short paid the bills for TraderHank

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My play of the day came in HD that I found on my 9:45 am wide range bar scan.  Usually I don’t like these bars to have tails but on wide range red bars I’ve noticed that a topping tail … Continue reading

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