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Gapping Stocks and Consistent Trading Patterns

by Online Stock Trading on April 9, 2007

If you’re an online trader, and you’re not going over the morning’s gapping stocks, you’re missing many great setups. Here’s three from just today.

WBD gapped higher. Pulled back in a classic chart trading pattern, and continued higher.

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NCTY gapped higher with a trading pattern that’s highly successful.

ncty-daily-040907.jpg

Use an aggressive entry because of the previous success rate of this setup. Buy over the 5-minute high.

ncty-040907.jpg

IRF gaps down, and then rests three bars before providing another trading setup that consistently works.

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How many other jobs do you know where you can work a couple hours, and spend the rest of the day off?

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