Tuesday, August 24, 2010

Trade review 8-24-10

I got a few partially right...

Hits:

SIAF

Broke 1 early for a decent morning long, but the real story was the nice fall below 1 around lunch time that spent most of the rest of the way dying off gradually, en route to a red finish of over 4.5% for the shorts. This type of entry (afternoon fade from initial greening) is one of the most reliable signals, by the way.

WAMUQ

Gap down open of 0.23 yielded an immediate, but lackluster, fade. Closed red by 4-5% though that was mostly from the gap. The open was equal to the high and the close. Barely claimable as a win.

CHTP

Gap down tanked first 5 minutes, finishing red by over 3.5% as it rallied most of the rest of the way.  Closing lower than it opened, but not by much. Barely passable as a win.

Misses:

PCBC

Never quite made it to 1.40 for the test and fail, so a short was not possible. Despite its green finish of over 3% on the day, a long was not possible according to my specifications as the aforementioned level was never taken out. Deserves to be credited as a loss since it failed in both directions to meet my entry specifications.

CULBF

Yes, it closed negative by less than 1% but it also finished higher than it opened and most the reddening was from the gap down open. Too much noise and other early negatives to list this as anything other than a loss.

Push:

None.

Totals:
Daily record: W-3 L-2-P-0
60%


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