Tuesday, February 21, 2012

Trade review 2-21-12

I got some of them right on Tuesday...

Hits:

FREE

This began to drop out of the gate, trading under the open after 5 minutes, yielding an entry. It continued to dive, en route to a red finish of over 15.5% today.

HBAN

This fell from a gap up out of the box at once, going red. It continued, yielding a short. After moving sideways most of the day, it closed weakly to end negative by close to 1.5% today.

Misses:

XCO

A loss on a fake out for longs when a gap up fell on the noise candle, but triggered on the next on, yielding a buy. It did not last, and it soon decayed back to and under the flat line. Red end by about 1.5% today.

Push:

BCRX

This began falling out of the open, going red off a gap up on the initial candle. It reversed by lunch, and greened briefly, but did not make more new yearly highs and the next candle closed red and under the flat line. A return trip up held the earlier high, and it faded into the afternoon, closing south by nearly 3% today.

BDCO

Save for the noise candle, this fell early, denying longs a chance. A rebound back to green failed to make a new high, and it gradually fell back to the flat line. Closed up about 1.5% on a no play push.

ROYL

Same story and nearly identical price action sequence here. A weak close followed, ending red by over 2.5% today. The initial noise candle hod held. No entry chance.

PLG

A gap up failed to go red, with an early flat line challenge holding on an attempt with a gradual rise after. It closed a bit weak but still positive by over 2.5% today. Shorts had no play.

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

66%

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