Category Archives: Reversal Trades

Trading Week 11 [Wednesday] – Reversals & Opening Range Breakouts/Downs ($UAL, $ARD)

Set ups I am focusing onGap DownsOpening Range Breakups/DownsReversalsContext Play – including Trend Continuation (All Day Hold)Green Day$UAL (Gap Down)Catalyst – Bad weather and this news – https://www.thestreet.com/story/14043999/1/united-continental-cuts-2017-casm-outlook.html?puc=yahoo&cm_ven=YAHOOBig Picture View Trading Chart Multiple Time Frames – Trade 1**00***$ARD (IPO Play)Catalyst – None. This was an IPOBig Picture ViewTrading Chart Share the post “Trading Week 11 [Wednesday] – Reversals… Read More »

Trading Week 8 [Tuesday] – Reversals & Opening Range Breakouts/Downs ($KHC)

Set ups I am focusing onGap DownsOpening Range Breakups/DownsReversalsContext Play – including Trend Continuation (All Day Hold) Green Day$KHC Gap Down)Was very hesitant on this one. Wanted to short reversal of pop. Worked out well and glad I got out immediately once targets got hit.Hourly ChartMultiple Time Frames Share the post “Trading Week 8 [Tuesday] –… Read More »

Trading Week 7 [Friday] – Reversals & Opening Range Breakouts/Downs ($GIS, $CPB)

Set ups I am focusing onGap DownsOpening Range Breakups/DownsReversalsContext Play – including Trend Continuation (All Day Hold)Green Day$GIS (Gap Down)Got greedy and then started revenge trading. NOT GOOD! Only thing i did well was sticking to stops.Need to look at daily chart for big picture when trading. Writing was on the wall if i looked at… Read More »

Trading Week 7 [Wednesday] – Reversals & Opening Range Breakups/Downs ($AIG, $FOSL, $RDUS)

Set ups I am focusing onOpening Range Breakups/DownsReversalsContext Play – including Trend Continuation (All Day Hold)Green Day$FOSLOpening Range Breakdown but cautious considering i had already moved down significantly premarket$AIGBottom bounce play. Entry right after close of first Green candle after 5 or more consecutive Red candles.  $RDUSShorting Pop – 3rd 5 min Candle. Risk HOD. Share the… Read More »

Trading Week 7 [Monday] – Reversals & Opening Range Breakups/Downs ($HAIN, $TMUS,$CC,$NVDA)

Crazy few weeks and whilst I haven’t made significant gains due to size, the skill is slowly being developed. That alone is gold!Set ups I am focusing on Opening Range Breakups/DownsReversalsContext Play – including Trend Continuation (All Day Hold)Green Day$HAIN$TMUS$NVDA$CC Share the post “Trading Week 7 [Monday] – Reversals & Opening Range Breakups/Downs ($HAIN, $TMUS,$CC,$NVDA)” FacebookTwitterGoogle+

Week 5 (Focus on Quality Reversals & Opening Range Breakups/Downs) – PRGO, TMUS

Tuesday Mistake – I feared getting into the opening range breakouts/breakdowns as the spreads were wild on level 2 and felt like I would be chasing. But I should get used to simply following the chart and not worrying about Level 2.PRGO – Tried to buy the pull back on the opening range breakout. Trade was… Read More »

Week 5 (Focus on Quality Reversals & Opening Range Breakups/Downs)

Last week was one of my best reminders that Short Selling is great but can screw you over if you don’t follow a strict set of rules. The loss on URI was a replica of my RRC loss! I wasn’t following rules and held the position after 11:00am. I should have known better. After 11am… Read More »