Monday, January 10, 2011

Trade review 1-10-11

I got some of these things right...



An easy win as this opened on a gap down and quickly went red to green. It continued to advance into the close, which was up by over 16% today.


The first 5 minute noise candle was a dud, but then a nice volume and size ranged green candle arrived to long scalp the spike. This soon failed, closing for the day off the highs as suspected. Finished positive by less than 1 half of 1 percent, but the trade essentially worked.



A loss due to choppiness due to fake outs in the first hour. It zoomed into the close to seal the deal. Green finish by 12% today.


Another loss as this continued to dump after the no trade 1st 5 minute candle, then zoomed all the way back to go green. It closed off of the highs but still positive by over 3.5% today. Such a fake out merits a loss.



Opening on a gap down, this traded sideways with an upward bias for a bit, then it zoomed up to go green for good. Closed positive by over 25% today. A push since no dumping occurred and it took off after the first 5 minute noise candle which printed the lod, so it probably fooled nobody short biased. A flat stance beckoned.


Opening on a gap down near the hod, this began to tank from the get go and did not fake out longs. It was supposed to go green and or advance on 11.55 but it opened below that critical number and dived. It gradually recovered, but most probably kept flat as that took many hours. Closed red by nearly 2% today.


Opening on a gap up near the hod, it dumped immediately and looked weak, going green to red. After stabilizing it went green again, then it resumed a decline. The volume and urgency of the initial drop was so blatant it is unlikely any longs were faked out on the short lived rebound. I said if it looked like this early, keep flat. Boring sideways action followed as it never went green again. Closed red by almost 1% today.

Daily record: W-2 L-2-P-3


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