Wednesday, July 20, 2011

Trade review 7-20-11

I got some of these plays correct today...



A gap up near the hod fast fell under the flat line. It continued to slide, closing down over 11.5% today.


Early weakness gave way to a classic red to green move about an hour in, and it just kept advancing. This kept up into the close, which was positive by over 5.5% today. More annual highs were achieved.


Another perfect play, A 1 cent gap up never fell under the previous close, and it finished strongly after a dip in the afternoon. Green end by over 2.5% today.



Looks like a push, but it's a loss. A gap up fell under the flat line a bit less than 2 hours in, and then stalled, faking out shorts who later saw it return positive. The good news is it did not keep rising much from there, going sideways into the close, which was up by over 3.5% today.


This looks like a win, but it's a likely loss. A modest gap down began falling early, yielding a short entry. Later it retook the flat line, greened, and headed back under into the close, but that was above the probable entry.



A gap down open remained unchanged for a few minutes, then immediately climbed, going green for good, denying shorts a chance at an entry. It kept advancing modestly, closing positive by over 3.5% today.


No trigger price to enter on for longs. A gap down open fell soon after the debut. Closed down almost 3% today after a rally failed to retake the flat line.

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


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