Wednesday, December 21, 2011

Trade review 12-21-11

I got several plays right on this day...

Hits:

PGNX

A perfect red to green long entry win after the noise candle fell and under the flat line. It moved up early and then went sideways the rest of the way, en route to a positive finish of over 3.5% today.

CMRG

See above. Similar path to the win. Early weakness and r/g long entry. It continued to gently drift up the remainder, closing north by over 4% today.

OZM

Another red to green long entry possible after initial weakness. The trigger was much higher, and it hit that with about 30 minutes left in the session. It closed off the highs, but still up by 4% on a nominal win after triggering or a bigger one on the obvious entry earlier.

CIE

A clear gap up (but under 15) discouraged fast longs. It predictably fell out of the gate to attempt a close of the gap. That did not entirely fill and it headed back up slowly. Once it overtook the opening price level it was a long, which began a bit after 1 P.M. EST. A modest climb up/sideways ensued, ending up over 11% today.

Misses:

INSP

A fake out loss for shorts when a flat open advanced out of the box, but fell soon after under the debut for brief spell. Then it began a slow climb up, which continued into the close, positive by a bit under 0.5% today.

Push:

GERN

A great short (with the daily chart trend) based on the 1.40 fall fail via a flat open, but I said keep flat on that. It fell from the hod, so no possible longs on a perk near the above level were possible. Closed down over 3.5% today on a no play.

LOGL

It opened under the trigger by a cent, but that was the lod and it printed on the noise candle. After moving a bit up from there, it fell back to the lod, but could not take that out for shorts to enter. It gradually climbing late afternoon into the close, finishing up by nearly 2% today.

Totals:
Daily record: W-4-L-1-P-2

80%

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