I got one pick right today...
Hits:
NFEC
A gap down listed all day, with the likely entry above the closing price, to win for shorts. It ended down over 18% today.
Misses:
BIZZ
A fake out loss when a big gap up began to fall under the open early after the noise candle, drawing shorts in. It bottomed in an hour then rose steadily the remainder, closing up over 19% today.
HEAT
A gap up began to fall from the open and soon reddened, drawing shorts in. It continued past the noise candle a while, whereupon it reversed course to green. It also hit the suggested stop level. It then began to decline an hour in, hugging the flat line most of the way, ending negative by over 1.5% today but likely above the entry.
SEFE
A fake out loss for shorts when a gap up fell at once and after the noise candle, reddening. It reversed in 15 minutes and bounce back up and over the flat line, continuing to climb until it finished up over 2.5% today.
ARNA
This looks like a win but is actually a loss. A 2 cent gap down fell initially, then zoomed up and over the flat line and trigger. It continued to climb until lunch, then it gradually faded the remainder, closing positive by over 1.5% today but under the targeted buy point.
Push:
CLNT
A big gap down was hard to play for shorts. It went mostly sideways a while then predictably shot back up, greening. It came back down gradually, but although it ended south by almost 12.5% today, it was a no play push. Anyone playing the large gap as a fade would have been stopped out.
NTSP
A no trigger when this gap down from the hod fell steadily out of the open. It bottomed near lunch and moved up a tad, going sideways into the close, ending red by over 4.5% today.
Totals:
Daily record: W-1-L-4-P-2
20%
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Hits:
NFEC
A gap down listed all day, with the likely entry above the closing price, to win for shorts. It ended down over 18% today.
Misses:
BIZZ
A fake out loss when a big gap up began to fall under the open early after the noise candle, drawing shorts in. It bottomed in an hour then rose steadily the remainder, closing up over 19% today.
HEAT
A gap up began to fall from the open and soon reddened, drawing shorts in. It continued past the noise candle a while, whereupon it reversed course to green. It also hit the suggested stop level. It then began to decline an hour in, hugging the flat line most of the way, ending negative by over 1.5% today but likely above the entry.
SEFE
A fake out loss for shorts when a gap up fell at once and after the noise candle, reddening. It reversed in 15 minutes and bounce back up and over the flat line, continuing to climb until it finished up over 2.5% today.
ARNA
This looks like a win but is actually a loss. A 2 cent gap down fell initially, then zoomed up and over the flat line and trigger. It continued to climb until lunch, then it gradually faded the remainder, closing positive by over 1.5% today but under the targeted buy point.
Push:
CLNT
A big gap down was hard to play for shorts. It went mostly sideways a while then predictably shot back up, greening. It came back down gradually, but although it ended south by almost 12.5% today, it was a no play push. Anyone playing the large gap as a fade would have been stopped out.
NTSP
A no trigger when this gap down from the hod fell steadily out of the open. It bottomed near lunch and moved up a tad, going sideways into the close, ending red by over 4.5% today.
Totals:
Daily record: W-1-L-4-P-2
20%
New users: Read my trading guide for my play set-ups!
Review my blog at Investimonials:
Follow me now on Twitter:
Watch my instructional trading videos on YouTube:
Subscribe to Big T by e-mail:
Subscribe to Big T in a news reader:
The blog has a terms of service. Be sure to read it at:
http://traderbigt.blogspot.com/2010/02/please-read-my-terms-of-service-i.html
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