Thursday, September 01, 2011

Trade review 9-1-11

I got all of these things right today, other than easy/obvious no-play pushes...



A gap up open soon fell under the flat line, for the fade entry. Then a brief challenge broke back above but held the initial high, soon going back under for good and closing south by over 2.5% today.


A 1 cent gap down at the lod immediately greened, yielding a long. It kept advancing, dipping in the afternoon but closing strong to end up over 7.5% today.


Another easy one after the trigger for longs. An early red to green move never looked back and it closed up over 8% today.


A simple short arose on the 15 fail. A gap up at the hod crapped at once, and the rebound did not challenge the initial high. Then it just tanked all day, en route to a red finish of over 11% today.





A gap up soon advanced and held the early floor which was the previous close level. It never gave shorts a chance, but longs were out, so a no play ensued for the push. Closed up over 8.5% today.


A flat open a cent under the hod printed it on the noise candle and steadily moved under the flat line all day. Longs never had a play here. It kept up weak price action until the close down over 1.5% today.


A gap up open printed the hod on the noise candle, which itself ended under the flat line. Longs had no play as it continued to flounder all day in the red. It closed south by over 12.5% today. Since it printed over the trigger in the 1st 5 minutes, longs following my rules would not have been trapped, hence this is still a push. You can avoid many needless losses by sticking to entry/exit criteria using technical analysis, by the way.

Daily record: W-4 L-0-P-3


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