Dan.Walsh.Loves.Lous.Sushi.Dow

AA- The start of earning s season- Gap play possiblities

NYSE:AA   ALCOA CORP
Gap Season is starting with AA posting earnings .Since AA has trade bullish the last 4 days a gap down below 14.85 would be a possible Gan n Go trade (enter the trade in the first few minutes of trading because of criteria met ). I would only trade in the direction of the gap , so if I didn't trade right away i would wait for a pullback and trade bearish (if i can get a decent R : R ) and only risk 1 R. If AA gaps down depending on the location (15.55) might be looking to get in bearish if there is a decent pullback or a perfect entry in the first few candles that it's worth the 1 R risk.

Last time AA posted earnings leading up to earnings 10-8 -14 look very similar to the candles leading up to the earning s tomorrow. AA gapped up and then traded down rather aggressively. We are at those same levels who knows?
There is a lot i didn't explain mostly because I'm not really the one to be teaching this type of trading but i would love any gap trading input especially fades.

If you want to learn more go to http://www.reallifetrading.com.
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