Trade review 12-1-10

I got some of these things right...

Hits:

LOCN

Mission accomplished. Closed green by less than 1% but it sported some initial greening to long scalp.

ICGN

This worked both ways, first as a long scalp from near the bell and then as a short on a 2.50 fail and nice green to red that kept fading. Even decay into the close, which was down by over 13.5% today. Could have been top fish shorted but it proved unnecessary in the end.

WLOC

Opened at the low and closed on the high. 1.50 held and it advanced cleanly, green by over 3% today.

CTHR

This went red to green after early noise soon into the session, and it held up nicely. Green by over 7% today.

RBY

The hod printed on the first useless 5 minute candle. Then we failed under 6 and went green to red and it never saw 6 again, closing down by over 1% on the day.

Misses:

HHWW

A loss because of the whipsaw which had it going red and returning to the green following a flat open. Green by over 1% today.

KBX

We eventually failed on 1.50 but not before opening on a gap up, so my set up criteria for a possible long did not come to pass, and some longs were probably caught. It looked like the area would hold at first. We soon broke under and then went red on the session, closing down over 4% today. This kind of stuff merits a loss.

Push:

THM

I got the direction right, and patient longs probably banked since we opened at the initial high and fell from the gun, so they probably did not get faked out early. A red to green move late and into the close provided the margin of greening, which was positive by over 1% today. The split personality price action, though, merits no better than a push, even though it technically panned out and is arguably a win.

Totals:
Daily record: W-5 L-2-P-1
71%

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