Sunday, January 23, 2011

Trade review 1-21-11

I got a couple plays right on Friday...



Worked like a charm on day 2. Although it closed well off of the lows, it still finished down over 7% on Friday. Opening on a gap down, nice panic dumping immediately ensued. It crept higher to close out trading.


After going sideways a tad, this spiked up for the long, then faded the rest of the way, but still finished green by over 9% on Friday following a gap up open. 2nd day of revenue beating Street surprise with usual results.


Rapidly fell under 0.80 for the short on heavy sell price action. 0.90 never threatened after a gap up crapped nearly out of the box. An obvious short, easy to play and profit from. Red finish by over 17.5% on Friday.



A fake out loss. After a gap up open, it dived at once. After the initial 5 minute noise candle, a 2nd dumper followed, but no more. Reversing, it went from red to green for good, closing strong up over 16% on Friday.


A clear loss as this faked out longs. Opening on a gap up, it started to move a bit up, traded sideways, then went green to red for good. Closed off of the lows, but still red by over 1.5% on Friday.



Big gap up discouraged any entry. Almost from the gun it spiked up, yielding no shorting signal except to keep flat. This continued on candle 2. Though it retreated into the finish, this was still up by over 13.5% on Friday.


Opening on a gap up at the lod, shorts never had a chance except to remain flat. It continued its march up, closing off of the highs but still green by over 23.5% on Friday. The lod was the flat line, & it never reddened.

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


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