Monday, May 23, 2011

Trade review 5-23-11

I got some of them right today...



An easy win. After a few minutes of down side noise, a nice red to green move yielded the long. It kept rising and holding above 5, fading in the afternoon but still closing positive by over 2.5% today. Earlier exits banked more that EOD ones.


A simple win. A flat open at the lod just slowly edged up most of the day, pulling back but holding the flat line and closing strongly to finish positive by nearly 5.5% today.


The price action was favorable to longs. The lod printed under 2.50 somewhat but only on the initial noise candle. Then it fast pulled above for the pull back entry and held. A textbook break out in the afternoon went solidly green which endured and it closed up by 10% today. A nice easy play to take.



A whipsaw loss when this gap down went green after 5 minutes of trading and soon peaked. It went sideways briefly, then gradually decayed. After falling under the flat line, it made new lows, and closed weakly to end down over 2% today.



Short had no play when this strongly gapped up at the lod and just steadily advanced all morning. It traveled sideways the rest of the way, closing off of the highs but still positive by over 28.5% today.


A gap up went nowhere for the 1st few minutes, with candles closing unchanged from the open. Then it began diving. After going red, it continued to dive in the morning. Gradually it recovered and closed strongly, to end the session down only 1.5% today. The price action particulars were such that few if any longs were trapped.


Arguably a win, this is a push since the probable entry point short was only a bit above the finish, honestly. Another easy to avoid loss for longs, this promotion did not yield any more upside. A gap up open at the hod, which was equal to the previous session fixture, went sideways early on. Then it fell to the flat line, went negative, and kept that up most of the day. Closing a bit more securely, it ended south by over 8.5% today.

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


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