Sunday, October 02, 2011

Trade review 9-30-11

I got some picks right on Friday...



An easy win for shorts when a gap down printed the hod on the noise candle and then consistently dropped, trading under the opening price level consistently for the entry. A slow fade ended red by nearly 7.5% Friday.


Another easy victory for shorts when a gap down began to rise out of the open, trying to fill but failing at the flat line. It headed back down and soon fell under the opening price level in the afternoon, yielding a short. The gap held so shorts had no tripped stops, and it faded away to end negative by over 9.5% on Friday.



Possible fake out for early longs when this gap down open greened twice, though in both instances the candles closed under the flat line. After that, it gradually decayed, closing south by over 5.5% on Friday.



A gap up and crap from the hod made a no play an easy decision. It fell early and often, with rebounds failing to take the flat line. Closed negative by nearly 5% on Friday.


Although this closed a cent up from the open and unchanged, it was a likely no play given the price action sequence. It began to fall from the open, and the greening, which did come, was more measured as opposed to spike oriented. It spent most of the day positive, but a weak close erased that. Win maybe, push surely.


This never triggered so it was a no play. It drifted, trading under the flat line, closing down over 4% on Friday.


Another no trigger which meant no entry/play. A gap down never filled, closing weak red by over 4% Friday.

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


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