I got nothing right today, but 5 of them were obvious no plays so it's deceiving. Both were fake outs, too.
Hits:
None.
Misses:
ARNA
A fake out loss for shorts when this gap down dived after the noise candle, then reversed late morning and even greened. Closed off of the highs but still positive by over 1.5% today.
MBI
A similar story here on another would be Red floater set-up. This one fell for 15 minutes to draw shorts in, then reversed and even greened. It continued to climb all session, closing up by over 3% today.
Push:
AMR
Shorts never got a chance. It advanced out of the gate strongly off a clear gap up, pulled back, and soon traded above the open again for good. The candle in question opened under the debut one but closed over it, from the lod. By day's end it had closed under the highs but still north by over 59% today.
CAMP
A no play that never got beyond the previous close to the upside. It fell out of the block, eventually trading sideways and closing red by close to 4% today.
DHT
After opening flat above the trigger, the noise candle printed the hod, so longs were not faked out on this no play. That candle itself closed under the flat line, and it kept falling all day, en route to a red finish of over 9% today.
PCS
Another no play as this gap down fell from the start, never challenging the flat line. South by over 4.5% today.
BRLI
Also a no play without a trigger. It fell out of the gate hard and then moved sideways most of the day until the late afternoon. It advanced into the close and even hit 12.50 (though that candle closed under it) en route to a red finish of nominal proportions.
Totals:
Daily record: W-0 L-2-P-5
0%
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Hits:
None.
Misses:
ARNA
A fake out loss for shorts when this gap down dived after the noise candle, then reversed late morning and even greened. Closed off of the highs but still positive by over 1.5% today.
MBI
A similar story here on another would be Red floater set-up. This one fell for 15 minutes to draw shorts in, then reversed and even greened. It continued to climb all session, closing up by over 3% today.
Push:
AMR
Shorts never got a chance. It advanced out of the gate strongly off a clear gap up, pulled back, and soon traded above the open again for good. The candle in question opened under the debut one but closed over it, from the lod. By day's end it had closed under the highs but still north by over 59% today.
CAMP
A no play that never got beyond the previous close to the upside. It fell out of the block, eventually trading sideways and closing red by close to 4% today.
DHT
After opening flat above the trigger, the noise candle printed the hod, so longs were not faked out on this no play. That candle itself closed under the flat line, and it kept falling all day, en route to a red finish of over 9% today.
PCS
Another no play as this gap down fell from the start, never challenging the flat line. South by over 4.5% today.
BRLI
Also a no play without a trigger. It fell out of the gate hard and then moved sideways most of the day until the late afternoon. It advanced into the close and even hit 12.50 (though that candle closed under it) en route to a red finish of nominal proportions.
Totals:
Daily record: W-0 L-2-P-5
0%
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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