Thursday, August 15, 2013

AGCO GT PRO Play 8-15-2013

While i Was busy Scalping the ES/NQ futures AGCO pop up on GT Pro as it Triggered under Big Buy Volume, Pulled up the chart and like the Pattern as it was breaking out if it opening Range on Aggressive Volume, Buy prints was close to 90% on the Ask, Shorts who have not already covered on the Gap down started to cover as it broke the OR high adding to the buy pressure, i got Net Long AGCO around 56.46 just slight up above the Green dash trendline, as price approach the blue dotted trendline around  56.88 the tape still look strong as i notice the weak hands taking off there existing position with no aggressive selling or aka net shorts being triggered. so i waited for the pullback added and got to Tier 2@ 56.73, as price headed back up toward the blue dotted trendline i was already looking to add as the Tape indicated more upside, So i thought i better get heavy and load up. price broke the trendline, i added to my position and got all the way up to Tier 5, My Mental Target was already set at  57.50, i trailed my stop up by 0.5atr due to the Fact volume has been drying up lately as i was worried about failed follow through. i continue to hawk the tape as price got close to my target area and pullback on light volume, tape continued to look good as it had consistent flow of mild aggressive buying, i took the opportunity to added to my position and got up to Tier 7, so i was pretty heavy as i knew this was going to be the only play of the day in the equity markets for me as i was busy once again trading the ES, as price approach my target area i started to offer my way out, sprayed the Offer in increments of 0.03 cents, Final order closed at 57.51, Net Gain of +$1.05 on 7,000 Shares= decent profits on this trendless day.  GT Pro once again Did an awesome job finding me and in play Stock. http://garsworld.com/

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