Sunday, August 21, 2011

Trade review 8-19-11

I got some of them right on Friday...



An easy win on an early red to green move from a gap down. Closed off of the highs, but likely above the probable entry point. Ended positive by over 2% on Friday.


A win for longs when this gap down filled on the noise candle and went green. It was a long on the cross. It kept moving north a while, and though it closed off the highs, it was still positive by nearly 3% on Friday and the entry point was likely below the finish.



A possible whipsaw loss for shorts as this fell under the open in the afternoon, but rallied back over it into the close. A daily doji finish ensued but it could have faked shorts out. Closed down almost 21.5% on Friday despite the unchanged close relative to open due to a gap down that never filled.


A possible minor loss when a gap up advanced early, then dove well under 3 to entice shorts. This was quite short lived, however. It soon climbed to the flat line and slightly positive, closing down nominally but likely above the entry.



A no play when a gap down near the lod advanced early to go green. It alternated between positive and negative and ultimately closed positive by a bit less than 1% on Friday. Shorts never got a chance to fade it since it stayed above the open all day until 1 candle touched under but closed over and green.


Another no play, but for longs when a gap down near the lod began to fall early. It rose into the close, but never greened so it could not trigger. It closed negative by over 2% on Friday after failing to fill the gap.


Another no play for longs when it opened a cent under 4 and began to drop from the start. A gap and crap resulted from the hod, which kept fading most of the day. It finished down over 8% on Friday.

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


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