Monday, April 23, 2012

Trade review 4-23-12

I got nothing right on this day...





This looks like a win, and some probably did bank on it, but many lost after entering on the stick following the noise candle. It continued to dive until near lunch, but then rebounded slowly into the close, ending down a bit less than 3.5% today but above the likely entry.


A fake out loss when a gap down filled early and triggered on a red to green move. It did so after the noise candle and soon fell back red for good. It ended down over 4% after the whipsaw.



Save for the noise candle, this advanced early, not giving shorts a play. It retreated later but remained over the early low and closed strong, up almost 38% today. A no play push.


Opening on a clear gap down, it never filled, though it moved up early briefly. But 15 minutes in it was all down hill. Closed south by close to 8.5% today.


Except for the noise candle on a clearly bullish gap up, this advanced early and often, steadily all day. Closed up almost 31.5% today.


Aside from the noise candle, this fell. The 2nd stick going green to red. It stayed essentially under the flat line until close, which was south by over 10.5% today. Longs had no play at any time. A push.


A gap down closed higher than it opened, but never filled or triggered, so longs had no entry. Ended down a bit over 1.5% today with a general gradual drift up.

Daily record: W-0-L-2-P-5


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