Wednesday, July 06, 2011

Trade review 7-6-11

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



A flat open mostly advanced all day, en route to a green finish of almost 3.5% today.


A dead level perfect B/O over 6 as this just soared all morning. It peaked near lunch and went sideways most of the remainder, positive by over 18% today. It even surpassed 7 during the day.



A clear loss as this flat open fell evenly the first 1/2 hour, trapping shorts who entered. It then spent the rest of the day climbing and even greening, closing north by over 2.5% today.


Another loss as this gap down gradually filled and greened, triggering at our entry level. It closed weak and ended up finishing up only nominally, but under the entrance point.



A daily doji print on a sizable gap down discouraged shorts. This fell even more out the gate, quickly bottomed and bounced predictably. It never greened so longs were out, too, although I would have kept flat on such an event. Closed higher than it opened but still down by over 9% today due to the gapper. A no play.


Another no play as this opened at the hod on a gap up which crapped at once. It never longs a chance with steady declining for the 1st hour, followed by sideways movement into the close, south by over 17.5% today.


A gap down filled at once, and immediately stalled at the flat line early on. It printed a cent over the close then immediately opened negative on the following candle, denying longs a play. The decay kept up all morning, when just before lunch it began a rise that lasted into the close. It failed to retake the flat line, closing south by nearly 2.5% today. Another no play.

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


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