Tuesday, September 20, 2011

Trade review 9-20-11

I got half of these plays right on this day...



A bare win when it printed over the open and previous close after the noise candle. It continued to glide up modestly but was hampered by a lukewarm close. Green finish by almost 3% today.


It turned out that the nose hair more up was not to be. I favored the short if it set up, and boy, did it ever. A near gap and crap soon fell red for the fade entry. It kept weakening, closing down over 10.5% today.


Once the flat line essentially held on a test early on, it yielded a long entry and kept going, greening into the close by over 5.5% today.



A fake out loss for early shorts when this fell under the flat line in the morning but gradually recovered, closing strong up over 3% today. The daily doji print is misleading due to the price action, so it's sadly not a push.


Longs were faked out when an early test of the flat line held. Then it triggered and held up until the afternoon, when it collapsed into the close, down over 4% today.


It meandered under the flat line most of th day, not giving longs a play. Then it spiked up in the afternoon, piercing the flat line and sucked some longs in. Unless scalping, they got burned as it fell into the close and even reddened, down 2% today.



A no play that was easy to avoid. A gap up printed the lod out of the gate and mostly went north all day. It powered into the close up over 24.5% today, not giving shorts any entry.

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


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