Perfect Storm Trades for 10/20/2014

Hi All,

SPY gapped down on IBM earnings but managed to rally off 188 to mid 189s in a choppy 15 minute mini pup.  We got chopped early on FB LONG at 75.68 to stop out 75.57, out - .11.  We hit FB SHORT at 75.47 to get stopped out at 75.67, out - .20, but we saw FB explode to the upside and quickly jumped on its laggard peer TWTR.  We hit TWTR LONG on two entries at 49.53avg to scalp out 49.88, 49.95 and 50.09, out + .35, + .42 and + .56 on double size.  We hit FB SHORT at 76.57 for a reversion to 76.30 and 76.50, out + .27 and + .07.  We scaled into HAL SHORT at 52.89avg on a perfect storm breakdown to scale out 52.66, 52.57 and 52.45 stinky 2.50s area, out + .23, + .32 and + .44 as it eventually leaned to 51.60s wow.  We hit IBM LONG at 169.04 to stop out 169.05, out - .01.  We scaled into IBM SHORT at 168.54avg to scalp the 168.12 lower bbs and 168.65 reversion, out + .42 and - .11.  We hit FB SHORT at 76.73 (off the .72 fib) but stopped early at 72.78, out - .05.  We re-entered the SHORT FB at 76.65 to scalpe the 76.52 overshoots, out + .14 as it leaned through the 76.36 towards the 76.05 fib.  We hit AAPL SHORT at 99.35 but stopped out at 99.48, out - .13 as the 5 min 5 pd ma updated.  We re-SHORTED AAPL at 99.31 on double size for a rug pull lean to scalp out at 99.17 and 99.41, out + .14 and - .10.  We took small stops and added size for OSS (Offensive Scale Scalp) when it counted to carve out + $1,206 profits for the morning.

Posted to Morning Profit Maker on Oct 20, 2014 — 11:10 AM
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