Monday, December 06, 2010

Trade review 12-6-10

I got some of these things correct...



Opening on a gap down, this immediately filled it, then it nicely fell back to red and steadily declined, sporting a great afternoon fade into the close, which was down by 25% today.


The hod came in the first useless 5 minutes, so nobody was likely faked out, and it soon went red for good, closing off of the lows, but still down by over 3.5% today.


Except for the first 5 minutes and change, when the hod was put in, this sported great morning panic and then sideways price action, closing red by over 10.5% today.


This worked great both ways, first as a scalp up, beginning on the second 5 minute candle, then as a short on a massive sell dump, that fell red and stayed that way. Nice even fading into the close, which was south by nearly 7.5% today.



Although it seemed to just advance all session without a shorting cue, meriting a push, it is a loss because of the first 30 minute dive to red that bounced, like it did some days back, faking out shorts once again and going green with a vengeance. Opened on a gap up, and ultimately closed green by nearly 4.5% today.



Aside from the useless first 5 minutes, this mostly advanced, greening by 20% today. The lod was put in so early likely nobody got faked out. It is critical to avoid action when the momentum/headwinds are against you.


Opening on a big gap up at the lod, this advanced steadily, never yielding a shorting signal, up by over 51% today, hence a push is order.

Daily record: W-4 L-1-P-2

Review my blog at Investimonials:

Follow me now on Twitter:

Watch my instructional trading videos on YouTube:

Subscribe to Big T by e-mail:

Subscribe to Big T in a news reader:

The blog has a terms of service. Be sure to read it at:

No comments: