I got a few picks right on this day...
Hits:
MNLU
This gap up and crap played out perfectly for shorts. It steadily faded all day, en route to a down finish of over 34.5% today.
AIBYY
A modest win for shorts on the gap up which fell after the noise candle, whereupon rallies failed to test the initial highs and it headed steadily down to new lows, ending below the likely fade entry. Red finish by about at least 18% today.
CBHDF
A gap down open moved sideways and then down, going red for the fade entry. It gradually decayed from there, closing south by close to 8% today at minimum.
Misses:
RAYS
A fake out on early eager shorts just after the initial noise candle occurred here when it continued to dive after the red one mentioned on the debut. Then it reversed and climbed steadily after greening at once. Closed up over 7% today.
Push:
CMM
After moving sideways or unopened for hours following an immediate gap fill, this advanced, probably fooling no shorts. It closed strong up over 18% today.
No play possible for shorts as the same thing happened here. Once it began trading a big gap down began to rise at once, so no entry emerged. It did not fill completely, closing south by over 13.5% today on a no play.
MPG
A big gap down with no apparent trades for hours tried to fill at once, but never triggered. It closed down over 16% today on a no play for longs, obviously.
Totals:
Daily record: W-3 L-1-P-3
75%
New users: Read my trading guide for my play set-ups!
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Hits:
MNLU
This gap up and crap played out perfectly for shorts. It steadily faded all day, en route to a down finish of over 34.5% today.
AIBYY
A modest win for shorts on the gap up which fell after the noise candle, whereupon rallies failed to test the initial highs and it headed steadily down to new lows, ending below the likely fade entry. Red finish by about at least 18% today.
CBHDF
A gap down open moved sideways and then down, going red for the fade entry. It gradually decayed from there, closing south by close to 8% today at minimum.
Misses:
RAYS
A fake out on early eager shorts just after the initial noise candle occurred here when it continued to dive after the red one mentioned on the debut. Then it reversed and climbed steadily after greening at once. Closed up over 7% today.
Push:
CMM
After moving sideways or unopened for hours following an immediate gap fill, this advanced, probably fooling no shorts. It closed strong up over 18% today.
No play possible for shorts as the same thing happened here. Once it began trading a big gap down began to rise at once, so no entry emerged. It did not fill completely, closing south by over 13.5% today on a no play.
MPG
A big gap down with no apparent trades for hours tried to fill at once, but never triggered. It closed down over 16% today on a no play for longs, obviously.
Totals:
Daily record: W-3 L-1-P-3
75%
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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