Friday, May 11, 2012

Trade review 5-11-12

I got one play right on Friday...



A clear win off early sideways moves that gave way to our key level cross. It kept going, staying positive and finishing up almost 42% on Friday.



A fake out possible for early shorts when this traded slightly negative after the noise candle twice, though the action was such many would have kept flat. It soon rose over the flat line and kept going, closing up by over 24% on Friday.



The timid price action here likely fooled nobody. It opened on a clear gap down, so any entry long was questionable. After filling, it failed to make any more new annual highs. Then it fast fell under the flat line for good. Weak sideways and down moves followed and it ended south by almost 3% on Friday. 


A clear gap down doji printed on the noise candle, then advanced and greened, not giving shorts a play. It stayed positive all session, but closed weakly though up nominally on Friday. A push.


A flat open that failed to trigger. The hod printed on the noise candle and it fell after that. It traveled sideways and a bit up the remainder, keeping negative and ending south by 3% on Friday. A no play push.


A clear gap up over the trigger rose only on the noise candle, denying longs a play. The next one fell and subsequent ones did so as well, though not as strongly, taking it under trigger levels out of the open. It then gradually faded under the flat line and never recovered, closing south by over 2.5% on Friday on a no play.


A gap down no trigger doji print session that did not hit our key level at any point. A clear gap down filled early and almost made it, but failed. Closed south by almost 1.5% on Friday. A no play push.

Daily record: W-1-L-1-P-5


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