I got a few picks right on Friday...
Hits:
GMR
A classically instructive green to red after a gap up advanced early. An afternoon fade ensued for the entry. It continued to decay into the close, a red one by nearly 16% on Friday.
GLGL
A gap down from the lod soon greened for the entry. It peaked in an hour, and retraced some of its move, but stayed over the flat line and rebounded a bit into the close, a positive one by over 7.5% on Friday.
Misses:
RAYS
A gap up fell red on the noise candle, then returned positive. Some shorts were probably faked out a bit later when it went red again under 1.60 as it gradually returned back north. It closed weak, probably on the entry price, with commissions factored in this was a nominal loser. Closed up a bit over 0.5% on Friday.
Push:
FEED
The good news is few if any shorts were faked out since this advanced from the gun and printed the lod on the noise candle. Then it retouched the lows but did not exceed them, greening on the same candle. It stayed nominally positive until the close, which was north by close to 2.5% on Friday. A no play.
AUTH
A gap up and crap which printed the hod on the noise candle prevented longs from being faked out here. It steadily fell all morning, before gradually recovering somewhat the remainder. Red close by almost 3.5% on Friday. A no play.
DNDN
Another easy loss to avoid for longs when this only was over 10 on the noise candle, which also reddened. It fell steadily all morning, crossing under the flat line early on. It rebounded slowly in the afternoon, but never filled the gap, closing south by nearly 1% on Friday. Another no play.
ROYL
Another obvious no play that opened on a gap up which fell at once. Lon scalpers had no play. It bottomed early and moved sideways until after lunch, when it greened but could not take out the earlier high, and I was only backing the early scalp or morning red to green anyway. This stayed just positive until a weak close ended it down over 5% on Friday.
Totals:
Daily record: W-2 L-1-P-4
66%
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Hits:
GMR
A classically instructive green to red after a gap up advanced early. An afternoon fade ensued for the entry. It continued to decay into the close, a red one by nearly 16% on Friday.
GLGL
A gap down from the lod soon greened for the entry. It peaked in an hour, and retraced some of its move, but stayed over the flat line and rebounded a bit into the close, a positive one by over 7.5% on Friday.
Misses:
RAYS
A gap up fell red on the noise candle, then returned positive. Some shorts were probably faked out a bit later when it went red again under 1.60 as it gradually returned back north. It closed weak, probably on the entry price, with commissions factored in this was a nominal loser. Closed up a bit over 0.5% on Friday.
Push:
FEED
The good news is few if any shorts were faked out since this advanced from the gun and printed the lod on the noise candle. Then it retouched the lows but did not exceed them, greening on the same candle. It stayed nominally positive until the close, which was north by close to 2.5% on Friday. A no play.
AUTH
A gap up and crap which printed the hod on the noise candle prevented longs from being faked out here. It steadily fell all morning, before gradually recovering somewhat the remainder. Red close by almost 3.5% on Friday. A no play.
DNDN
Another easy loss to avoid for longs when this only was over 10 on the noise candle, which also reddened. It fell steadily all morning, crossing under the flat line early on. It rebounded slowly in the afternoon, but never filled the gap, closing south by nearly 1% on Friday. Another no play.
ROYL
Another obvious no play that opened on a gap up which fell at once. Lon scalpers had no play. It bottomed early and moved sideways until after lunch, when it greened but could not take out the earlier high, and I was only backing the early scalp or morning red to green anyway. This stayed just positive until a weak close ended it down over 5% on Friday.
Totals:
Daily record: W-2 L-1-P-4
66%
New users: Read my trading guide for my play set-ups!
Review my blog at Investimonials:
Follow me now on Twitter:
Watch my instructional trading videos on YouTube:
Subscribe to Big T by e-mail:
Subscribe to Big T in a news reader:
The blog has a terms of service. Be sure to read it at:
http://traderbigt.blogspot.com/2010/02/please-read-my-terms-of-service-i.html
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