Monday, August 01, 2011

Trade review 8-1-11

I got a few plays right on Monday...



A gap down at the hod fell from the gun, eventually going sideways late morning, closing south nearly 20.5% today.


A gap up at the hod fell early and often, bottoming in about 45 minutes. Then it moved slowly north and sideways into the close, which was still south by over 2% today.


A perfect play that fell early and often, too. It failed to get over the flat line and gradually fell until lunch, when it went sideways into the close, which was negative by 20% today.



Possible fake out for longs after a new high occurred about 30 minutes in. It floundered soon after, though it mostly held the flat line. It nearly retraced the highs late, but closed weakly to end up almost 4% today. That was deceptive due to the gapper. Probable entry point via rules describes your true record, and I am honest.


The hod printed on the noise candle, and the next one was a negative print. The decay kept up and the flat line fell soon after. It quickly recovered enough to move sideways just above the flat line, then beat the opening price level. This could have faked out some longs, though the initial hod was never beaten. It stayed positive by over 0.5% today but under the probable entry point a tad. After commissions it was a small loser.



The hod printed on the noise candle and this gap up and soon crap fell steadily all day, denying longs a play. It penetrated the flat line early and never recovered, closing south by over 2.5% today. A no play.


Another gap up near the hod which printed on the noise candle fell from the start, soon falling under the flat line. Shorts never had a play and this never filled the gap. Closed down over 1% today. Another no play.

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


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