Monday, November 14, 2011

Trade review 11-11-11

I got a few plays correct on Friday...



A mild win for shorts when a flat open at the hod fell from the gun, with a gap fill attempt and fail. It resumed falling, ending south by over 5% on Friday. The dump entry and rebound fall were possible entry points.


An easy win for longs on the pull back or just on consist prints above the open after the noise candle. Peaked around 6.50 and closed off of the highs, but still green by over 7% on Friday.


A gap down near the hod steadily declined after the noise candle, yielding an entry short. It rebounded but failed to close the gap and ended weekly, south by almost 3% on Friday.



A fake out loss for longs when this traded above the open and previous session high after the noise candle. Trouble was it faded from there first to the flat line, then under. Attempts to reclaim the gap failed, and a weak close followed to end matters south by over 1.5% on Friday.


Another fake out when this triggered for longs but peaked in 30 minutes. It gradually faded from there, going under the flat line in the afternoon. Once red, it failed to recover the gap, going sideways into the finish, which was south by nearly 1% on Friday.



A no play from a gap up at the lod which began to rise from the gun. It tapered off early and moved sideways the remainder, closing north by over 4.5% on Friday.


This is arguably a win off early scalping of spike ups which happened as suspected. A doji print followed though that closed up nearly 1% and over the open by 2 cents. It's quite unlikely early longs lost money, given the very gradual decline that began after the 1st hour, but it did close well below the highs. A push is order.

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


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