Wednesday, February 22, 2012

Trade review 2-22-12

I got some correct picks today...

Hits:

FREE

A 1 cent gap up fell out of the gate from the hod, and kept diving after 5 minutes for the short entry. Then it moved sideways the remainder, en route to a red finish of over 12.5% today.

HW

This worked perfectly. A gap down filled at once, nominally greened, then fell back under the flat line and the trigger early morning for the fade entry. It stayed red all day, closing south by over 2.5% today.

Misses:

GRH

No new annual highs, but this gap up advanced after the noise candle so several longs might have bit early. Peaking 20 minutes in, it fell all the way back under the debut. New advances did not make new highs, and it meandered into the close, up 4% today but about even with the likely entry point, thus a commissions loss.

ASIA

A weak open which which rose the lod, but the entry point long was about break even at best and with commissions this is probably a loss. Closed positive by less than 0.5% today after early climbing and decay.

Push:

PNLYY

Opening on a gap down, this went sideways and up, so no fade was ever possible. It closed down almost 1% today, despite the price action, due to the gapper.

FBP

Opening on a 1 cent gap down, this fell soon after the open, giving longs no chance. An hour and change in it bottomed, and began to slowly climb back up to the flat line. It hit over 4 by a cent for 1 candle very late in the day, so longs likely kept flat. That was the high, as it limped into the close, up over 1.5% today.

ART

This closed unchanged in a daily doji print, failing to trigger. Opening flat, it fell after the noise candle, which printed the hod. Later on it it dipped in and out of positive territory before closing weakly along the flat line.

Totals:
Daily record: W-2-L-2-P-3

50%

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