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Here is the chart of the AMZN trade. Really picture perfect example of a breakout. I always love it when people say "You can't make money trading breakouts." Its just silly. If you study this one and just looked for this setup, you will make money every quarter. There are 1 to 3 of these every...

COLM has been the other gapper today that we have done well with. Have gotten two trades out of it for a total of about $1.20. Brandon

<brandon> 10:36:16 STOCK DAY TRADE: BUY SETUP AMZN above 28.50. Stops under 28.30 Here is the alert we had for AMZN in the room today. This chart is really a picture of money. Huge daily trap, nice base. We have sold 2/3 of it now with a breakeven stop in on the rest. Will see what...

AMZN is holding on very well. Keeping its gap even in the face of a market that had earlier weakness. This is a good example of the kind of action I want to see in a stock I'm going to trade breakouts in. Brandon

I pretty much agree with what Nitro said. You are going to be your own best mentor, but trade small because its an expensive mentoring process. Keep a diary, write EVERYTHING down. Be objective in looking at your strengths and weakness. Find ways to maximize your strengths and minimize your...

Look for a bigger continuation pattern, then go to the 1 minute or tick charts for micro reversal patterns. You should have good luck with that. Brandon

www.tradingscans.com

http://www.elitetrader.com/vb/showthread.php?s=&threadid=8127

3 minutes is too small of a timeframe to try to find a setup and then get an entry on the 1 minute. Both of them are basically scalping (entry) timeframes. Expand your timeframe and then you will find the one minute chart plenty useful. Brandon

This is a ways off, but I wanted to give a bit of advanced warning anyway. On Saturday, May 31st Trading From Main Street will be giving a free seminar here on Elite Trader. We have not yet formalized a time for it to start, but generally when we do these they last 5 to 7 hours. In the past...

LEXR 4.36 SNDK 21.50 AMCC 3.90 ONE not sure, did not trade it. UHS 38.40 LRCX not sure, did not trade it. PHSY 29 PAYX 30.

I think a lot of the problem comes about because everyone spends a ton of time thinking about how they will enter trades, but rarely any on how to exit. All the advisory services and chatrooms provide a ton of guidance on entries, but rarely do you hear about exits. Most traders are focused on...

This is a ways off, but I wanted to give a bit of advanced warning anyway. On Saturday, May 31st Trading From Main Street will be giving a free seminar here on Elite Trader. We have not yet formalized a time for it to start, but generally when we do these they last 5 to 7 hours. In the past...

When I start up my computer I get this Sometimes it wants me to name it programfiles3 or 5 or 2 or whatever, but this is the jist of it. Does anyone know what can be causing this? Thanks, Brandon

[10:56] <brandon> ok here is CECO [10:56] <brandon> we had this from +57.75 [10:57] <brandon> again back to scanning [10:57] <brandon> one of the best sources of trades is in the gaps [10:57] <brandon> look at lists of stocks which gapped up [10:57] <brandon> and do not fill their gap...

CECO trade closed. Congrats if anyone here got it. Brandon

nice little pop, start to take some gains. Brandon

CECO is basing pretty nicely. A breakout to a new HOD should be a good trading opportunity. Brandon

[10:04] <brandon> % gainers since the open, losers since the open, gaps above/below opening price [10:04] <brandon> another thing to look for are stocks which are up sharply on heavy volume [10:05] <brandon> you can look at the daily chart of CKFR and see it already has more volume today...

Each evening for my scanning I use the trending analysis and the Oops page from www.tradingscans.com , so that is where these idea's are from. Brandon