Wednesday, November 30, 2011

Trade review 11-30-11

I got some of them right today...

Hits:

INHX

A gap up fell at once, soon going red. Shortly after it went red to green for the long, certainly confirmed once it overtook the opening price again. It crept up, closing strong and up over 6.5% today for the win.

JCOF

Another easy win for longs as this triggered early, soaring up from the gun from a gap down debut and fast fill. Closed off of the highs, but still positive by almost 15.5% today.

WINN

Clear win for longs as a gap up weakened a bit but never filled. Once it overtook the open again after the noise candle, it was a buy and it kept going, closing near the highs up almost 8.5% today.

Misses:

TXCC

A gap up advanced initially, then went green to red clearly which proved to be a fake out for shorts. It did not last, but it did overtake the previous session low to draw shorts in. Closed positive by over 1.5% today.

CHC

Looks like a push, but this is a loss. The price action was such that it began to advance gently out of the gate. It returned to the flat line by late morning, then moved upwards in the afternoon before closing weakly to end down 5% today. Buyers could have been faked out not once but twice.

Push:

URRE

This opened above the trigger, but fell instantly out of the gate and went red even, so no trained longs were fooled. An hour in it began to recover, and closed strongly, but only filled the gap to finish unchanged. Push.

JBLU

The hod printed on the noise candle, so any trained long was not fooled as this began to fall from the gun. It eventually went red and back over the flat line again, before closing positive by almost 1.5% today. Push.

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

60%

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