I got a few picks right today...
Hits:
SBSA
This fell from the gun off a gap down and crap, and was a fade on the candle following the noise one. It kept decaying until afternoon, when it advanced somewhat into the close, finishing red by over 13% anyway.
DPTRQ
Another easy win for shorts off a gap up and crap. A fade entry after the noise candle, it fell nearly an hour before rising the remainder, still closing south by over 13% today.
ROSG
A clear gap up moved north for 2 candles, then it began to falter, becoming a fade once it traded under the open and certainly when it moved below the flat line. It gradually decayed all day, closing red by nearly 22% today.
ENA
A gap up that printed the hod on the noise candle fell out of the gate, going green to red and trading under the open as well, obviously. It was a fade entry then. Bottomed in around 30 minutes, then moved sideways until the close, which was negative by 26% today.
Misses:
REE
A gap up advanced over the trigger beyond the noise candle early on, drawing longs in. It soon stopped making new highs and after going sideways it fell back to the flat line and eventually fell under it for good into the close, which was south by over 3% today. A fake out loss.
HGSI
Another fake out loss when this gap up above the trigger fell after the noise candle and seemed to offer a pull back entry close to the key level. This occurred about 30 minutes in. After rising solidly above the trigger, it fast peaked and fell back negative.While it rose back up and offered an exit point later near the trigger, it weakened in the afternoon and closed south by over 1.5% today. Anyone holding into the close lost money.
Push:
PROT
A no play push when this opened on a gap up from the lod ran north from the gun denying shorts any play. It was mostly over in 30 minutes but a strong close followed and it ended positive by over 44% today.
Off table pick ENMD went Supernovae. Some shorts would have been faked out after it fell under the open and the noise candle low briefly about 40 minutes in. Then it was all uphill, closing up over 26.5% today. Shorts waiting for a green to red would have kept flat, saving money.
Totals:
Daily record: W-4-L-2-P-1
66%
New users: Read my trading guide for my play set-ups!
Review my blog at Investimonials:
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Watch my instructional trading videos on YouTube:
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http://traderbigt.blogspot.com/2010/02/please-read-my-terms-of-service-i.html
Hits:
SBSA
This fell from the gun off a gap down and crap, and was a fade on the candle following the noise one. It kept decaying until afternoon, when it advanced somewhat into the close, finishing red by over 13% anyway.
DPTRQ
Another easy win for shorts off a gap up and crap. A fade entry after the noise candle, it fell nearly an hour before rising the remainder, still closing south by over 13% today.
ROSG
A clear gap up moved north for 2 candles, then it began to falter, becoming a fade once it traded under the open and certainly when it moved below the flat line. It gradually decayed all day, closing red by nearly 22% today.
ENA
A gap up that printed the hod on the noise candle fell out of the gate, going green to red and trading under the open as well, obviously. It was a fade entry then. Bottomed in around 30 minutes, then moved sideways until the close, which was negative by 26% today.
Misses:
REE
A gap up advanced over the trigger beyond the noise candle early on, drawing longs in. It soon stopped making new highs and after going sideways it fell back to the flat line and eventually fell under it for good into the close, which was south by over 3% today. A fake out loss.
HGSI
Another fake out loss when this gap up above the trigger fell after the noise candle and seemed to offer a pull back entry close to the key level. This occurred about 30 minutes in. After rising solidly above the trigger, it fast peaked and fell back negative.While it rose back up and offered an exit point later near the trigger, it weakened in the afternoon and closed south by over 1.5% today. Anyone holding into the close lost money.
Push:
PROT
A no play push when this opened on a gap up from the lod ran north from the gun denying shorts any play. It was mostly over in 30 minutes but a strong close followed and it ended positive by over 44% today.
Off table pick ENMD went Supernovae. Some shorts would have been faked out after it fell under the open and the noise candle low briefly about 40 minutes in. Then it was all uphill, closing up over 26.5% today. Shorts waiting for a green to red would have kept flat, saving money.
Totals:
Daily record: W-4-L-2-P-1
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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