Monday, June 27, 2011

Trade review 6-27-11

I got some of them right on this day...



A gap up and crap from the hod ensued as this went green to red early for the entry. It hit bottom by lunch and slowly rose the remainder, but closed down almost 11.5% today.


A gap up open advanced a bit, then fell to the flat line, which held. It stayed near there and positive until the afternoon, when a classic fade ensued. A bounce failed to green, and a weak close ended it down by the close to 9.5% today. This is a very important pattern and timed theme to recall and use, learn it!


Bingo. A gap up at the lod advanced from the gun, and it continued to green. Nice long. It closed off of the highs but still positive by over 25% today. A great call. That volume into the close last time was a tip off!


More great timing by Big T! Support at 7.50 indeed held as this gap down at the lod mostly slowly marched north all day, closing positive by over 5.5% today.





An easy loss to avoid for longs, when a gap down open fell from the bell. The lod was put in within 30 minutes, and it slowly advanced the rest of the way, but it closed exactly on the open for a daily doji print, and no entry quite for the Bulls, since it never went green. Closed south by a bit over 0.5% today. A no play.


Also a no play easy loss for longs to avoid, this clear gap down began to fall at once, flooring in 40 minutes and rising the rest of the way, but still failed to regain the opening price level, let alone the flat line. It closed red by close to 5.5% today.


Another no play as I said to keep flat on fails at 3, which we opened exactly at on a gap up and fell from at once. So no longs were likely to have been trapped. This soon crossed under the flat line and floored about 11 A.M. EST. It began to rise, and faded in the afternoon, closing south by over 9% today. No entry here.

Off table, IHCH was my only arguable loss. It opened on a gap up, which advanced a short spell, then went sideways anc finally green to red in the afternoon. But it soon advanced and even greened into the close, which was positive by 12.5% today. Some shorts could have been sucked in, good thing this was a side pick.

Daily record: W-4 L-0-P-3


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