Sunday, September 25, 2011

Trade review 9-23-11

I got some of them right on Friday...



After a gap up, the candle following the noise one failed to set a new high for entry. It dived from there to red. It soon went red to green for the entry, but gradually decayed to end up close to 1% on Friday, but above the likely entry point for a modest win.


An easy win on a B/O continuation for longs as a gap up from near the lod advanced out of the open. It kept it up unto lunch and then moved sideways, closing green by nearly 9% on Friday.


A delightful fall fail back under 1 on a morning panic like moves for the fade entry. It ended down over 20% on Friday after moving sideways late morning following the dump.


The cancer catalyst held again on an early red to green move for a long that gradually advanced most of way. Closed north almost 4% on Friday.



A loss as this looked good early when it advanced for the long. It peaked in 20 minutes though and headed back down, reddening. It moved back positive a bit, then spent most of the day clinging to the flat line a bit negative. Red finish by close to 1% on Friday. Longs were faked out here.



Shorts never had a chance as this gap up fell only on the noise candle and immediately reversed early. It gradually decayed later but could not break the flat line, closing up nearly 1% on Friday. A no play.


Another probable nominal win when a gap down printed the hod on the noise candle and fell under the open on the following one for the fade entry. It continued to fall a while, but gradually recovered into the afternoon and close. Since this closed on a daily doji and even to the open, it is push in theory but most shorts banked.

Off table pick NOAH did yield a bounce at the start, although it faded to close up nearly 4% on Friday following a gap up. KGN did not fare as well, but buyers likely did not get trapped since it opened on a gap down and fell from the hod. It closed south by nearly 13.5% on Friday.

Daily record: W-4 L-1-P-2


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