I got one of them right on Thursday...
Hits:
CMM
A flat open from the hod fell from the beginning, yielding an easy short. It reversed course finally in the afternoon, but closed south by over 3% today and likely below the shorting point.
Misses:
GLDD
Although this never fell under the flat line, it's possible some shorts could have been faked out here. After a gap up which dived a while in a whipsaw after the noise candle, it reached a cent over the previous session close. Then it began to gradually rise, retracing the previous highs. It closed up over 2.5% today.
Push:
PREX
Side moves with essentially no trade prints or volume. No play, obviously. Closed down a remote degree.
RAYS
This began to rise from the initial (noise) candle. It stayed over the open the whole time and gradually rose, so it was a no play given my entry criteria. Closed up almost 10% today.
SMP
Opening a cent over the hod, this essentially gapped and crapped. It never made more new annual highs and fell from the start and went green to red pronto, so no longs would have been fooled. A no play. Closed south by close to 1% today off mostly sideways price action under the flat line.
LPR
Another no play that opened on a gap up a cent under the trigger price for longs and crapped from there as the hod. Once lunch arrived it began to recover the rest of the way, closing down less than 0.5% today.
ONP
No short back under 3 arose on this no play. It marched up from the start following a gap up that kept over the trigger all day. Closed up after steady greening over 14% today.
Totals:
Daily record: W-1 L-1-P-5
50%
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Hits:
CMM
A flat open from the hod fell from the beginning, yielding an easy short. It reversed course finally in the afternoon, but closed south by over 3% today and likely below the shorting point.
Misses:
GLDD
Although this never fell under the flat line, it's possible some shorts could have been faked out here. After a gap up which dived a while in a whipsaw after the noise candle, it reached a cent over the previous session close. Then it began to gradually rise, retracing the previous highs. It closed up over 2.5% today.
Push:
PREX
Side moves with essentially no trade prints or volume. No play, obviously. Closed down a remote degree.
RAYS
This began to rise from the initial (noise) candle. It stayed over the open the whole time and gradually rose, so it was a no play given my entry criteria. Closed up almost 10% today.
SMP
Opening a cent over the hod, this essentially gapped and crapped. It never made more new annual highs and fell from the start and went green to red pronto, so no longs would have been fooled. A no play. Closed south by close to 1% today off mostly sideways price action under the flat line.
LPR
Another no play that opened on a gap up a cent under the trigger price for longs and crapped from there as the hod. Once lunch arrived it began to recover the rest of the way, closing down less than 0.5% today.
ONP
No short back under 3 arose on this no play. It marched up from the start following a gap up that kept over the trigger all day. Closed up after steady greening over 14% today.
Totals:
Daily record: W-1 L-1-P-5
50%
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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