Monday, November 14, 2011

Trade review 11-14-11

I got a few picks right today...



An easy win for shorts as stops held to the upside and it closed weak, down almost 5.5% today of a gap up.


Another easy win for shorts when this gap down continued to trade under the open after the noise candle. Rebounds held the flat line, and it kept trading below there until close, red by nearly 2% today.


The bounce for longs worked like a charm off a gap down from the lod. It moved up from the start, and broke green in the afternoon as well. A strong close ended it north by close to 1% today.



This faked out shorts when it fell early beyond the noise candle. It gradually rose soon after, greening in the afternoon twice before a more modest close ended it unchanged on the session.


Early strength faked out longs here but when lunch began to arrive it declined gradually the rest of the way, closing positive by a bit over 0.5% today. This was likely under the probable entry point for buyers.


This looked weak early but it gradually recovered and even greened in the afternoon, triggering. It closed weak though and likely equal to or a tad lower than the probable entry. So after commissions this is a loss.



Advancing from the lod out of the gate, this was probably a push after commissions or a no play if avoided all together. It closed up over 5.5% today.

Daily record: W-3 L-3-P-1


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