Thursday, June 30, 2011

Trade review 6-30-11

I got a couple picks right this Thursday...



A gap down rose at once, but it did not last. After the noise candle it fell to the flat line and went red, yielding a short entry. This continued to late morning, when it went sideways the rest of the way, closing down nearly 7.5% today.


A gap up printed the hod earl, and soon fell to the flat line and beyond to red, providing a fade entry. It gradually decayed further, then moved sideways into the close which was south by over 10% today.



A fake out loss ensued when this gap down filled and greened. It tested and equaled the trigger level and late morning exceeded it, but it soon peaked. Then it decayed gradually the rest of the way, closing positive barely.  


Another fake out loss as this gap up gradually advanced and triggered, but closed under that level for a small deficit. Finished green by over 0.5% today but that is deceptive.



A no play as this opened at the lod on a gap down that gradually advanced, so shorts had nothing. It did not go very far but again had decent volume, closing north by nearly 0.5% today.


Arguably a win due to the positive close of 1% and the spiking up out of the gate, but after commissions it's probably a toss up at best. Anyone entering after the noise candle essentially broke even. If the trigger was over 3 it's possible they made money, slightly.


A gap down closed above the opening price level but still barely negative due to the gapper. It never triggered, just missing the trigger price points which meant no play.

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

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