I got some picks right on this day...
Hits:
ELN
An easy win for longs when a gap up printed over the open after the noise candle. The win on that was slight, but the 2nd entry on the red to green move after a retreat banked more. Green close by over 2% today.
GNBT
A collapse was predictable, and shorts banked here. A panic dump at the open provided a huge drop. Closed off of the lows but still south by nearly 19% today.
Misses:
GTIV
A fake out on longs when a clear gap up retreated on the noise candle, before revamping and triggering twice. Just above that proved to be a ceiling and each time it came back to earth. A long decay back to the flat line and nominally positive followed. The entry point long was probably above the closing price, so it's a loss.
Push:
FBN
A sizable gap up discouraged shorts. It filled, and finally reached the flat line and 1 buck, but that held as support. It then rose the rest of the way, greening by over 10.5% today. Shorts never had a play here.
ALXA
A no play no trigger when this gap up from the hod fell out of the box, and did not hit the previous session high for longs to enter. It meandered under the flat line most of the day, closing red by over 1% today.
DENN
A no play for shorts when a sizable gap up near the lod retreated after the noise candle, but essentially held the opening price level. It climbed again most of the morning, then gradually decayed into the close, but ended up nearly 3% today anyway, due to the gapper.
LDK
A push or nominal win when this gap up near the hod held over 5 after the noise candle, then fell a bit red and went green and took 5 once more for the probable entry point and candle. This was a cent or so under the close, since it traveled sideways most of the way and weakened into the close to end up over 1.5% today.
Totals:
Daily record: W-2-L-1-P-4
66%
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Hits:
ELN
An easy win for longs when a gap up printed over the open after the noise candle. The win on that was slight, but the 2nd entry on the red to green move after a retreat banked more. Green close by over 2% today.
GNBT
A collapse was predictable, and shorts banked here. A panic dump at the open provided a huge drop. Closed off of the lows but still south by nearly 19% today.
Misses:
GTIV
A fake out on longs when a clear gap up retreated on the noise candle, before revamping and triggering twice. Just above that proved to be a ceiling and each time it came back to earth. A long decay back to the flat line and nominally positive followed. The entry point long was probably above the closing price, so it's a loss.
Push:
FBN
A sizable gap up discouraged shorts. It filled, and finally reached the flat line and 1 buck, but that held as support. It then rose the rest of the way, greening by over 10.5% today. Shorts never had a play here.
ALXA
A no play no trigger when this gap up from the hod fell out of the box, and did not hit the previous session high for longs to enter. It meandered under the flat line most of the day, closing red by over 1% today.
DENN
A no play for shorts when a sizable gap up near the lod retreated after the noise candle, but essentially held the opening price level. It climbed again most of the morning, then gradually decayed into the close, but ended up nearly 3% today anyway, due to the gapper.
LDK
A push or nominal win when this gap up near the hod held over 5 after the noise candle, then fell a bit red and went green and took 5 once more for the probable entry point and candle. This was a cent or so under the close, since it traveled sideways most of the way and weakened into the close to end up over 1.5% today.
Totals:
Daily record: W-2-L-1-P-4
66%
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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