Tuesday, November 23, 2010

Trade review 11-23-10

I got a couple of these things right...



Finally! This opened on a gap up at the hod, soon went green to red, which was a shorting cue. Tanked nicely all day into the close, which was down by over 14% today. It fell fast and nearly bounced back to flat, but that was another entry point. Just a perfect play, I assume those of you who had borrows banked on this.


Another perfect play! Opening on a gap up at the hod, this soon went green to red. Then it nosedived into oblivion and stayed weak all day, closing south by over 28% today.


This died on the second day, just as it failed to hold its spike on the last big green candle day. It bounced back, nearly went green, but did not take out the previous session close in the end, so anyone shorting a bit lower probably did not stop out and banked coin here. Closed off the lows, but still red by nearly 6.5% today. It fell from near the start on a gap down, and in the bounce the failure to go green was a shorting cue.


This played out well, despite the gap down open below 24.70 when it went red to green and holds finishing over 25 at 25.67 on the day. Once it did so, a clear long entry signal commenced. Closed off the highs, but still up over 2.5% today.



A loss due to a fake out when it opened north and went red then resumed its typical gradual up moves. Once it greened again, it stayed that way, closing up over 5.5% today.


Another loss due to a more blatant fake out well into the session. Opening flat, it soon fell red a tad, then recovered, then sported the aforementioned head fake. It soon rebounded, finishing green by over 1% today.


This basically went nowhere today. It broke over 8 eventually, but retraced and went sideways most of the way, with a close negative of well less than than 1 half of 1 percent. Narrow trading range closed higher than it opened, so the direction was accurate, but the uninspired price action was a bore fest. Might be resting before continuing to advance. This was a big flop of an 8 test, enough to merit a loss result given the red close. The signs were pointing up but it did not pan out this time.



Nice spike on the initial candle, which continued a bit for a scalp. It later pulled back and went green to red, then sported sideways price action the rest of the way. Closed red by a bit more than 1 half of 1 percent. Either of these were plays I mentioned, especially the long, but it printed a daily doji, and the split personality price action merits a push.

Daily record: W-4 L-3-P-1


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