‘Mechanicals’ All Day Long

 

We went hunting for day trades using ‘mechanical’ set-ups during this hour together. Even though stocks have been under considerable selling pressure lately, the opportunities we found were both bull trades that used ‘mechanical’ triggers to get aboard. This was essential in AMZN, a $2800 stock that requires an entry method guaranteeing no slippage. We traded just a few shares, but that’s all you need to make money with a stock that moves as much as this one. The other play was in AAPL, where the 5-minute chart offered a perfect pattern so subtle that we had little competition exploiting it. Applying ‘mechanical’ set-ups on charts of lesser degree yields so many opportunities that it becomes possible to find potential winners at any time of the day one might wish to trade.