Tuesday, August 02, 2011

Trade review 8-2-11

I got a few picks correct on this day...



An ideal short as this gap up and near crap fell from close to the open hard, going green to red fast and yielding a short entry. It kept up decay with weak rallies and ended down close to 20% today.


A gap down open advanced at once, but fast stalled and fell back under the flat line. This was a short on the 4 fail. It rallied just over the gap line and did not even come close to taking out the initial high, before falling back under for good. A long decay followed and it closed down over 10.5% today.


A perfect afternoon fade for the short followed a gap down open that immediately filled and stalled just a bit over the flat line. It went sideways until it fell red at lunch. Nice decay followed and it closed red over 1.5% today.



A fake out loss when this printed positive past the noise candle and green. But this meager upward mobility did not last much longer. It soon dived under the flat line and evenly decayed all day, closing down over 9.5% today.



A no play on this one as it opened on a sizable gap down at the lod and advanced from the gun. It never closed the gap entirely, so it finished down over 11.5% today. What a waste of a good potential play!


A gap down open fell out of the open at once, discouraging longs. It traveled sideways most of the day until a strong close made it respectable. It did not really trigger, though in the last few minutes it bested 0.56 barely. Closed red by close to 1% today. A no play.


A gap up open printed the hod on the noise candle. The very next one opened and printed well under the debut one. Longs never had a play on prices above the open or the initial high. Hence a no play push. It kept up a slow decay but ended positive by nearly 1.5% today due to the gapper.

Daily record: W-3 L-1-P-3


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