Tuesday, June 07, 2011

Trade review 6-7-11

I got some of them right today...



A flat open went nowhere most of the day, except nominally up. Then an afternoon fade arrived that was an easy short, which lasted into the close. Ended down almost 4.5% today.



If you entered above 15.90 you lost money. This almost looks like a bare win but you only banked if you bought the red to green cross on the gap down debut. Closed up about 0.5% today but that's deceptive.



I said to keep flat on clear weak price action. It faded nicely and evenly all day, so a short would have worked well. Opening near the hod on a gap down, it fell around 26.5% today.


Nearly a gap and crap, it was easy to avoid a loss as a long and keep flat. It printed the hod on the noise candle and went green to red soon after the debut. One challenge to the flat line did not hold long and it slowly fell the rest of the way, closing south by 6.5+% today. A no play.


Another gap and crap proper, which opened up at the hod. It fell at once and soon went green to red. Gentle even fading ensued all day, as it closed down over 4% today. No long entry possible and another no play.


A push since it opened over our level and never fell back under, and while the noise candle was green, the very next on was not and a retrace failed to erase the initial high so longs did not have a play, either. Closed green by over 4% today but that was in large part lost in the gap.


Another easy loss for prospective longs to avoid. A gap up began to fall at once, looking weak. It held the flat line and later made a new high, very briefly, but the candle closed red and below the open. It eventually moved under the flat line and rebounded slightly above it, closing up about 0.5% today. A no play situation.

Off record pick SSOL did advance early, but it did not last and did not really spike. A big gap down debut did not help. That filled, but concluded weakly to end south by nearly 11.5% today. No real play here arose.

Daily record: W-1 L-1-P-5


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: