Tuesday, October 25, 2011

Trade review 10-25-11

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



A nominal win when this gap down near the hod fell and rebounded early, then fell under the open again for the entry. It went sideways with a slight downward tilt the rest of the way, to close south by 3% today.



A fake out loss for shorts when this 2 cent gap up began to fail at the flat line about 30 minutes in. It fell most of the morning, then went sideways during lunch and the afternoon. A strong close ended it positive just barely, but after commissions given the likely entry point, it's a nominal loss. Still in play for shorts, watch it.



Opening on a gap down at the hod, this did not fool any bouncer longs. It moved sideways and down all day, en route to a red finish of nearly 4% today. Keep watching this, the bounce session has to be imminent.


A no trigger when this potential long opened on a gap down, then fell out of gate. It began to rise, but failed to fill the gap, much less make more new annual highs. After sideways moves and a weak close, it finished south by nearly 3.5% today.


A no trigger no play when a gap down from the hod began to dive out of the open. It could not retake 5.50 on tests and closed weakly, south by over 10% today.


This gap up printed the hod on the noise candle, so longs were not fooled. It went under the flat line at once and kept below the rest of the way. Up and down sideways moves ensued and it closed down over 5.5% today.


A clear gap down a cent under the hod fell immediately, so no longs were taken in. Subsequent rallies could only equal the previous high area, not surpass it. It never permitted an entry. Red close by over 2% today.

Daily record: W-1 L-1-P-5


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