Wednesday, April 04, 2012

Trade review 4-4-12

I got some picks right on this day...

Hits:

SIAF

A gap up and crap from the hod began to decay fro the open, and soon went red for the short entry. It continued to dive all session, en route to a red finish of over 10% today.

DZZ

A slow burn north from a gap up triggered a long. It stayed above the likely entry point all session, en route to a green finish of almost 3.5% today.

HEAT

A crushing win for longs as this gap down and go from the lod advanced from the gun. After going green and triggering a long, it continued to rise until near lunch. It moved sideways the remainder, up over 46% today.

VRNG

Despite a borderline unplayable gap down, this featured a steady burn down that eventually fell under the open after a post noise candle advance, allowing a short. It kept falling all day, closing red by over 20.5%.

Misses:

GNOM

A fake out loss when this gap down fell on the noise candle, then red to greened early with a trigger. It was short lived, falling 1st to the flat line and gradually decaying under the remainder, south by over 3% today.

POZN

After an up noise candle, this began to waver. It traded under the open late morning, triggering a short. But as it headed into lunch and beyond, it continued to climb, closing barely red but likely above the fade entry point.

Push:

FONR

A gap down open at the hod fell out of the box, denying longs any chance. After hours of decay, it recovered somewhat into the close, which was still south by over 5% today. A no play push.

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

66%

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