Well, the main trades I was watching today all gapped down (along with the rest of the market). Most provided decent shorting opportunities (even for late entries), and a couple of them provided good reversal set-ups once they exhausted themselves. One stock I was watching (NOV) gapped down and tanked in the morning, but had a very quick price acceleration from noon until about 1:45, where it filled the morning gap (which then provided resistance). The price was parabolic on the 15-minute time frame, but had a more gradual appearance on the 3-minute, so I'm not entirely certain if it could be technically classified as a "SS Short Scalp."

Choppy Day

I haven't written any blogs these past few days for a lack of being online and finding content to share. Today kinda chopped around and contributed to my not feeling very confident in making trades. I have been watching set-ups to for parabolic short set-ups. So, I've been finding set-ups and paper trading them, while keeping the charts in a folder for future reference. Most of the one's I've watched turned out going in my direction. Today there were a number of them that turned against me by going higher. It was a day to take your $0.25 gains while you can. Here are a few of the charts I watched and saved for future reference.