Monday, February 06, 2012

Trade review 2-6-12

I got some plays right on this day...

Hits:

DWCH

A gap down under the flat line advanced out of the gate, then fell under the open in the early afternoon, yielding a short. This collapsed a lot more and rebounded into the close, which was red by over 3.5% today and likely under the open.

GLUU

Save the noise candle, this rose early off a clear gap down. It filled, but stalled at the flat line, a good sign of things to come. It gradually fell back to and under the open, yielding a short. This kept in negative territory the remainder, closing south by over 3.5% today and likely under the open.

Misses:

FCPG

A fake out loss for shorts when a gap up filled and reddened after the noise candle. It reversed course an hour in and greened massively, eventually moving sideways into the close, up nearly 53% today.

Push:

CDCAQ

A gap down at the lod rose from the gun, so shorts were not faked out. After fast greening, it moved sideways a short while then moved back to the flat line, where it stayed the remainder. Closed unchanged.

AFFY

Aside from the noise candle, this rose, fast greening and denying shorts a play. It lost the gain late morning and moved along the falt line, then rose again modestly in the afternoon, closing positive by over 1.5% today.

DEAC

A gap up moved sideways and tried to fill, but the flat line held, denying shorts a play. Around lunch it began a long rise, ending positive by over 85.5% today.

THLD

A big gap up advanced out of the start, denying shorts an entry. It rose gradually until lunch, when a long slow fade ensured. It broke under the open late, which won for those shorts, but most would have kept flat. Closed positive by over 13% today but under the open, due to the gap.

Off record play CLDX fell on the noise candle, then rose from there, greening. It stayed above the flat line all day, en route to a positive finish of over 4.5% today. Most shorts would not have been faked out due to the price action sequence, etc. The other unofficial bonus play NVTL played out perfectly for longs, rising from the lod. It peaked in about an hour, then moved sideways all day, closing north by nearly 3.5% today.

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

66%

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