I got a few picks right on Friday...
Hits:
BFCF
A flat open from the hod fell at once, yielding a short. It closed weakly, and down over 5.5% on Friday.
RAYS
Another winning day at the office for longs, as suspected. It opened on a gap up not that far from the lod, then advanced early for entry. Dips held the flat line, providing another entry. Closed up almost 6% on Friday.
NSPH
This gap up fell at once, and sported a nice red to green long entry about an hour in. Early lows held and it gradually advanced over the flat line, greening into the close, up about 5.5% today.
Misses:
APWR
This looks like a win, but it's likely a loss given the order of the price action. A gap up fell red at once, and continued after the noise candle. It sucked shorts in, then recovered and greened modestly. It gradually weakened and fell a bit red, but closed a bit above the likely entry. South finish by nearly 3.5% on Friday.
Push:
BIOF
A big gap up negated an easy short, and after the noise candle it advanced, preventing entry as well. Moving sideways most of the day, closing almost in a daily doji print, it ended up over 9.5% due to the gapper.
LLEN
This is probably at best a push after commissions, if entering at 3. A flat open advanced slowly and kept positive all day once it moved above the previous close, ending up over 1.5% on Friday.
STEV
The fun did not continue for longs today, but it did not fake any of them out, given the gap up and crap that went red on the noise candle for good. A panic dump followed late morning. It rose most of the way on the washout, but still ended south by nearly 4% today. Longs never had a play on this.
I nailed the off record bottom fishing call for CECO when it advanced for the intial 45 minutes for buyers. It went sideways much of the remainder to close positive by over 8% on Friday.
Totals:
Daily record: W-3 L-1-P-3
75%
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Hits:
BFCF
A flat open from the hod fell at once, yielding a short. It closed weakly, and down over 5.5% on Friday.
RAYS
Another winning day at the office for longs, as suspected. It opened on a gap up not that far from the lod, then advanced early for entry. Dips held the flat line, providing another entry. Closed up almost 6% on Friday.
NSPH
This gap up fell at once, and sported a nice red to green long entry about an hour in. Early lows held and it gradually advanced over the flat line, greening into the close, up about 5.5% today.
Misses:
APWR
This looks like a win, but it's likely a loss given the order of the price action. A gap up fell red at once, and continued after the noise candle. It sucked shorts in, then recovered and greened modestly. It gradually weakened and fell a bit red, but closed a bit above the likely entry. South finish by nearly 3.5% on Friday.
Push:
BIOF
A big gap up negated an easy short, and after the noise candle it advanced, preventing entry as well. Moving sideways most of the day, closing almost in a daily doji print, it ended up over 9.5% due to the gapper.
LLEN
This is probably at best a push after commissions, if entering at 3. A flat open advanced slowly and kept positive all day once it moved above the previous close, ending up over 1.5% on Friday.
STEV
The fun did not continue for longs today, but it did not fake any of them out, given the gap up and crap that went red on the noise candle for good. A panic dump followed late morning. It rose most of the way on the washout, but still ended south by nearly 4% today. Longs never had a play on this.
I nailed the off record bottom fishing call for CECO when it advanced for the intial 45 minutes for buyers. It went sideways much of the remainder to close positive by over 8% on Friday.
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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