Monday, April 16, 2012

Trade review 4-16-12

I got some of them right today...



A flat open near the hod fell after initial sideways moves under the open and flat line, yielding a short. It kept falling until lunch, when it moved sideways again and up into the finish, which was still south by over 32% today. The end was below the likely entry point by quite a bit.


This worked well enough for shorts when a gap up advanced from the noise candle, before falling under the open some minutes later yielding an entry. It hung roughly around there most of the day prior to a weak close which ended matters south by over 2.5% today.


A gap up advanced on the noise candle, and once it moved over the open and initial high and trigger, it was a long. It gently climbed all session ending up nearly 8% today.



This triggered off a red to green from a gap down just barely, but then it chopped around the flat line all session closing barely up, and thus a loss on commissions.



A gap up and crap from the hod fell at the start, denying longs a play. It moved sideways most of the day after 30 minutes then closed weak to end down over 4% today. A no play push.


Shorts never had a chance when this advanced right after the noise candle. It kept going much of the way, en route to a green finish of almost 9% today. Luckily the price action was not confusing, and it was a no play.


A big gap up discouraged longs. It climbed nevertheless and longs might have banked, but I said keep flat on all big gaps here. Ended up over 7.5% today, a push.

Daily record: W-3-L-1-P-3


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