I got some of them right today...
Hits:
ENMD
Off a gap down this traded under the open after the noise candle, yielding a short. It continued to dive until lunch, when it slowly rose most of the remainder, closing south by over 8% today but likely under the entry.
CTC
After moving flat out of the open, this advanced to the flat line but failed there. Then it fell gently back to and just under the open, yielding a short entry. It continued to decay the remainder, en route to a red finish of nearly 16% today.
Misses:
PROT
This looks like a narrow win on paper or at least a push, but the price action probably means it's a loss. After falling on the noise candle from the hod, it bounced back to the flat line and then began to decay, falling under the open for the short. It fell until the afternoon, where it rose into the close nearly back to the flat line to finish likely above the entry.
Push:
LNG
No trigger here as this fell out of the gate, printing the hod on the noise candle, too. It soon began to rise the rest of the way slowly, but that could prevent the no play push. Ended essentially unchanged +/- today.
KFN
A no play push that did not trigger for longs. It fell a bit out of the gate, rose, then fell in the afternoon. Closed down a bit over 0.5% today on a daily doji print via the gap down.
XIDE
Another no play push when a gap down fell on the noise candle, then rose but could not fill, failing just under the flat line and decaying back to and under the open. After a failed bounce, it continued to decay the remainder, closing south by over 7% today.
IPHI
A clear gap down discouraged entries by shorts. This looks like a clear win on paper, but it's more like a push. It fell on the noise candle, rising right after. It retraced the lows, closing just a cent under, with the next candle rising. It's unlikely any shorts entered on this. A gradual rise followed, with some up and down movement, en route to a red finish of over 3.5% today. A no play pretty obvious here.
Off record picks went as follows: RENN moved above the open and 5.50 after the noise candle off a gap up for the long, which continued to rise all day gently, en route to a green finish of over 20% today. QPSA looks like a win for longs on paper, but after taking 5, it could not hold and meandered near there, en route to a positive end by close to 2% today. STVI also challenged the key price of 1.50 but closed well off of the lows and under it a bit, finishing essentially unchanged on a daily doji print.
Totals:
Daily record: W-2-L-1-P-4
66%
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Hits:
ENMD
Off a gap down this traded under the open after the noise candle, yielding a short. It continued to dive until lunch, when it slowly rose most of the remainder, closing south by over 8% today but likely under the entry.
CTC
After moving flat out of the open, this advanced to the flat line but failed there. Then it fell gently back to and just under the open, yielding a short entry. It continued to decay the remainder, en route to a red finish of nearly 16% today.
Misses:
PROT
This looks like a narrow win on paper or at least a push, but the price action probably means it's a loss. After falling on the noise candle from the hod, it bounced back to the flat line and then began to decay, falling under the open for the short. It fell until the afternoon, where it rose into the close nearly back to the flat line to finish likely above the entry.
Push:
LNG
No trigger here as this fell out of the gate, printing the hod on the noise candle, too. It soon began to rise the rest of the way slowly, but that could prevent the no play push. Ended essentially unchanged +/- today.
KFN
A no play push that did not trigger for longs. It fell a bit out of the gate, rose, then fell in the afternoon. Closed down a bit over 0.5% today on a daily doji print via the gap down.
XIDE
Another no play push when a gap down fell on the noise candle, then rose but could not fill, failing just under the flat line and decaying back to and under the open. After a failed bounce, it continued to decay the remainder, closing south by over 7% today.
IPHI
A clear gap down discouraged entries by shorts. This looks like a clear win on paper, but it's more like a push. It fell on the noise candle, rising right after. It retraced the lows, closing just a cent under, with the next candle rising. It's unlikely any shorts entered on this. A gradual rise followed, with some up and down movement, en route to a red finish of over 3.5% today. A no play pretty obvious here.
Off record picks went as follows: RENN moved above the open and 5.50 after the noise candle off a gap up for the long, which continued to rise all day gently, en route to a green finish of over 20% today. QPSA looks like a win for longs on paper, but after taking 5, it could not hold and meandered near there, en route to a positive end by close to 2% today. STVI also challenged the key price of 1.50 but closed well off of the lows and under it a bit, finishing essentially unchanged on a daily doji print.
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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