Thursday, May 26, 2011

Trade review 5-26-11

I got some of these things right today...



Easy enough. A flat open advanced at once, fast peaking and steadily decaying until the flat line was breached, yielding a short entry. The continued to fade, closing down by over 6.5% today.


This was a home run. Opening on a modest gap up near the lod, it just slowly drifted north, staying above the flat line. Some sideways action in the afternoon, but it closed up over 16% today.



A loss on a reversal as a gap down filled and soon fell back under the flat line. It then took out the opening price level. This was a shorting signal. It gradually recovered soon after, closing strong and up over 7% today.


Another loss of sorts. It's possible most longs missed it since it looked so weak early, but after gradually recovering all day, it powered up in the afternoon to overtake 4.93 but it did not last. 4 held, and it closed meekly to end up over 1% today. Any longs still holding are probably winners A/H given the latest quote, though. Also the loss was pretty small. Positive due to the gap up, essentially.



This looked so bad early, and continued to languish all day until near the close, that it's hard to assume any longs were caught in the move positive late that reversed into the finish. They probably gave up long before then. A daily doji like print arose. The move positive did not take out the previous session high, either. Closed negative by over 1% but that was due to the gap down in essence, with no real range.


Aside from the initial noise candle, this just fell all morning, failing to take out the aforementioned candle's high and going green to red after the gap up within less than 15 minutes. It rose gradually after lunch but still failed to green, closing negative by almost 2% and denying longs any clear entry. Shorts were not advised here.


Another gap up no play over the favored technical entry level that only printed green on the initial noise candle. Then it failed to take out the high of the aforementioned candle and printed red, closing on the entry level but not over it. The next and all the rest of the candles fell under but went sideways just over the flat line. It closed weak and indecisive, up over 1 half of 1 percent today.

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


New users: Read my trading guide for my play set-ups!

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: