Thursday, February 23, 2012

Trade review 2-23-12

I got a pick right on this day...

Hits:

THLD

Opening on a gap up not far from the hod, this eventually fell under the open and flat line for the fade late morning. It recovered a bit into the close, but still ended down over 3% today.

Misses:

FORD

Longs lost when this gap up advanced after the noise candle. It peaked in 15 minutes and began falling to the flat line. In the afternoon it fell under for good, closing south by over at least near 14% today.

Push:

BAA

The hod was printed on the noise candle, which made new ones but closed under the flat line, discouraging any longs. It drifted along the flat line for a while, then began to decay. Closed south by nearly 2.5% today.

BORN

The hod was printed on the noise candle, which closed below the open as the did the next one. Then we went under the flat line and hung around there most of the way, until a weak close ended it down by over 1.5% today. Longs had no play.

ZN

Would be a win on price action except a big gap up made any play suspicious. Save for the noise candle, it rose, denying shorts a play. But it peaked fast and then decayed, eventually falling under the open but keeping over the flat line. A rise into the finish followed, and it greened by over 5.5% today. Closed under the open but positive due to the gapper.

LOGL

A 1 cent gap down debut never triggered, only equaling the gap. It fell from the gun, and never recovered. After initial weakness, it moved mostly sideways the remainder closing down over 2.5% today.

KONG

The hod printed on the noise candle as this flat open fell under the flat line from the open, not giving longs a play. It bottomed early, but never filled the gap. It moved sideways into the finish, south by over 2% today.

Totals:
Daily record: W-1-L-1-P-5

50%

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