Geron Corporation (GERN)
Long: Weak Open, Higher Low + R/G
Short: Gap Up Parabolic, Risk off $4.50 over and under
There wasn't any great setups, obviously could have played the short side and risked off the previous HOD. It's not really a big enough mover, the previous morning spike was quite ridiculous but there's big resistance between $4.30 and $4.50... This is all Hindsight and I must be able to start thinking these ideas before the moves happen..
Urban Outfitters Inc. (URBN)
Long: Weak Open, Consolidate, Higher Low + R/G
Short: Parabolic through $45.. Risking off $48... I'm thinking the best way to do it is start with 100 shares after $47.30+, add 100 shares after $47.45+, And add 200 shares at $47.74. Your average should be above $47.60 by that stage if all is executed correctly.. You're goal would be $46.50, and your exit would be $48. So you'd have a 3 to 1 risk reward
Didn't follow either of the plans and didn't really provide any other clean setups throughout the day
CorMedix, Inc. (CRMD)
Long: Buy any higher low
Short: Late Day Fade if anything
Could have taken my own advice and bought when it made a higher low in the morning around 10:10AM between $8.80 and $8.85, then sell them on the $9 break. If my account was larger, I'd sell 1//3 on the $9 break, 1/3 on the R/G break and the rest when it failed to breakout.
On the other side, can I call it a Midday Fade??? When it failed to break out through the Red/Green line successfully at $9.12, that was a pretty bearish sign, When it made that first lower low, that was another bearish sign, when it made a lower high, I should have been shorting anytime between 11:30AM and 11:50.. Worst case loss would have been 20c (back to the Red/Green Line) but I'd have been trying to get out if it broke back above $9.. Exits, Ideally, Sell a little down by $8.50.. And I don't know about the rest... Obviously it's Profit anywhere, but how to hold it is what I'm trying to figure out.
Horizon Pharma plc (HZNP)
Long: Look for higher lows near whole and half dollar marks
Short: Any 50c parabolic move, risk off whole and half dollar marks, entry order 4-5c below the risk. The Parabolics seem to fall back to the previous whole or half dollar mark
Didn't get a 50c+ parabolic so the chart didn't feel as predictable for me on the short side.
But, It set up one nice ABCD patten. I wanted to buy it in the low .20's and I was penny picking - I didn't want to buy it over .25, I didn't want to buy it on a red candle.. A load stupid stupid stupid crap. I should've just went with the bigger picture chart. It wouldn't have been a great buy when I initially wanted to buy, but when it pulled back at 11:30AM when it started curling then - any buy between $22.25 and $22.33 would've been a good buy. With your Risk off $8.16.. Probably would want to set worst case risk off $22 - $22.05.. Call it about 20c/share.
Northwest Biotherapeutics, Inc. (NWBO)
Long: Buy higher lows and have good risk reward
It setup at just after 2 pm for an ABCD, anticipational Red/Green + $8.50 break.. Broke the Red/Green Line, but couldn't get over $8.50.. Goal would have been towards $9. I wasn't looking at the chart when it was setting up though.
2U, Inc. (TWOU)
Long: Weak Open, Higher Low + Red/Green
Just took this off my watch 10 minutes in because it was too illiquid.
SUPERVALU Inc. (SVU)
Long: Only look for gearing and perking
I just took this off my watch in the morning because I didn't like the chart pattern.
Cytori Therapeutics, Inc. (CYTX)
It's a bit too choppy intraday for me to figure a plan
Simply didn't watch it because I didn't know. Would have been a fantastic short.
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