Thursday, May 10, 2012

Trade review 5-10-12

I got a few picks correct on this day...



More annual highs and an easy win for longs when this gap up and go printed the lod early and crossed green. It kept advancing, en route to a positive finish of almost 8.5% today.


A gap up triggered early and while it retreated to the flat line it essentially held it. Advancing in the afternoon, it ended up over 2% and likely above the entry point.


A nice fall fail back under 7.50 and holds for the short entry. A slow steady decline ended red almost 6% today.


Early weakness led to a sprightly red to green move and a trigger. A flat line test held, and it revamped, staying positive. It gently climbed into the finish, up almost 4% today.



A fake out loss for shorts when this gap down fell under the open after the noise candle. It rebounded and sold off again, but a strong close followed and it ended south by over 3.5% but likely above the entry.


Longs lost when this triggered early twice and then fell back to and bounced around, the flat line. It closed weakly and ended up less than 0.5% today but likely under the entry point,


This looks like a push but it's a loss. Early on a gap up fell and crossed the flat line and some candles closed under there. It reversed soon after faking out shorts and stayed positive, ending up over 17.5% today.



Daily record: W-4-L-3-P-0


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