Wednesday, September 14, 2011

Trade review 9-14-11

I got some of them accurately today...

Hits:

LCC

A gap up fell at once and nominally reddened. 2 likely entry point on red to green moves probably were barely profitable. A weak close ensured that, but it ended north by over 1.5% today.

PZG

A gap up advanced out of the gate, yielding a scalp long. The break under 3 also worked, but over a longer hold. Closed south by over 2% today.

Misses:

IPHI

A loss when a long trigger level failed to hold. It closed weakly back under it by falling the last half hour. Due to a gap up, it still closed north by over 2.5% today.

MU

A probable fake out loss when a move under 7 twice following a gap up open failed to continue to weaken or hold. After a few hours it began to recover the rest of the way, closing up by nearly 5% today.

Push:

CIIC

It did B/O over 1.07 but I said no longs, and it zoomed up and gap filled and exceeded from the gun. A no play, it closed positive by over 6.5% today.

ELGX

After greening on the noise candle, this fell at once. An entry later on 10.07+ probably broke even after commissions, though it was technically up over 0.50% by closing.

CWTR

A no play that likely trapped nobody as it opened on a gap up at the lod and powered through 1.50 at once. Closed under the highs but still positive by nearly 20.5% today.

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

50%

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