Early Morning Range Breakouts using time and sales

[robocop]

ROSE Long 700 @ 42.96
Stop @ 42.84

Stopped out @ 42.82

 

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EXPE Long 1100 @ 45.90
Stop @ 45.83

Taken half @ 46.14

 

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SWKS Long 1400 @ 26.75
Stop @ 26.67

 

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SINA Long 1000 @ 45.38
Stop @ 45.28

 

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QCOM Long 800 @ 55.99
Stop @ 55.69

Out @ 56.13 (no good reason though)

 

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SWKS Long 1400 @ 26.75
Stop @ 26.67

Stopped out @ 26.67

 

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SINA Long 1000 @ 45.38
Stop @ 45.28

Stopped out @ 45.27

 

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SINA Long 1000 @ 45.40
Stop @ 45.25

 

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SINA Long 1000 @ 45.40
Stop @ 45.25

Stopped out @ 45.24

 

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EXPE Long 1100 @ 45.90
Stop @ 45.83

Second half out @ 46.53 (initial target for second half was 46.70, prob. I got greedy and tried to let it run to my next target 47.10)

 

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Daysummary



Entry at crosshair, exit at end of chart.

















All valid entries in my opinion except timing QCOM entry was way to early.
SINA was a counter daily trend trade. SINA had found some support at the 45 level which holded over the session.

QCOM did some strange move at the close of the session. See 100x tick chart below. Stock ranges from $ 56.00 to $ 52.50 in the last few seconds of the day.



Does someone has a reason for this action?

Cheers,
Robocop

 

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ASML Long 1000 @ 56.04
Stop @ 55.88

 

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ASML Long 1000 @ 56.04
Stop @ 55.88

Stopped out @ 55.88

 

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Daysummary





ASML entry according to rules. Exited much too late in my view. I did feel a GET OUT moment near 55.96 but stayed in and hoped for the best. It did looked like ASML going for a reprise, but it didn't broke thru. General markets were consolidating at the time of the trade.

 

[robocop]

I was wondering what happened with QCOM the next day.



QCOM opened up near 58.80. If you had bought QCOM and placed your stop higher or equal to 52.50 for a swing trade the last couple of days, then you come home with a loss because all the stops were taken out before it shot up to 58 level the very next day.

The strange thing is that on freestockcharts.com this spike doesn't show up.



Does anyone experienced this in practice while swing trading?

My conclusion for now is that swing trading has more risk than daytrading.

 

[robocop]

ALGN Long 700 @ 33.93
Stop @ 33.68

DRBO

 

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WFM Short 500 @ 83.80
Stop @ 84.12

 

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ALGN Long 700 @ 33.93
Stop @ 33.68

DRBO

Exit at end of market at 34.18, thus +25ct.

 

[robocop]

WFM Short 500 @ 83.80
Stop @ 84.12

Exited at market end at 84.06, thus -26ct.

 

[robocop]

LIFE Short 1400 @ 41.75 (Plus 500 price)
Stop @ 41.95