Wednesday, October 12, 2011

Trade review 10-12-11

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



A gap and crap up from the hod fit the bill nicely for shorts when this went green to red early for the entry. It bottomed early and rose a bit, but stayed negative by over 6.5% and below the likely entrance point.


Easy money for longs when a gap up printed the lod on the noise candle and advanced from there. After peaking in the later morning, it moved sideways into the close, which was up over 4.5% and above the entry.


A perfect play to win for longs, when an early red to green broke out over the trigger and 10 for the entry. It continued north and moved sideways later, closing positive by over 4.5% today and above the likely entry.



A sad fake out loss for longs when this triggered early and did reasonably until the close, when it tanked back under the flat line, though it finished over 8 so some might still be in the play. Red end by nearly 2% today.


Arguably a win or a push, but I'm a harsh self-critic when it comes to results. A gap up fell on the noise candle but held over 1.50 then the next one opened at the hod so it probably did not stop out new longs when it fell under by 4 cents. After going back over the flat line to draw in buyers, it dipped on one candle to 1.49 so some stops could have hit, though if taking a small position with the previous day low as the exit they would not have. Then it moved back positive and hugged the flat line, closing strong up almost 5% today.



No trigger as this gap down stayed under the previous close and of course the high after falling off a cliff early. It rebounded to a degree, but still ended south by nearly 6% today. Longs had to keep flat for a push.


A no play that at least did not likely fool any shorts. It opened on a clear gap down at the lod, then it was all uphill from there. The flat line never wavered, and it closed positive by over 3.5% today.

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


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