Wednesday, May 16, 2012

Trade review 5-16-12

I got a few plays right on this day...



A 1 cent gap up and crap from the hod yielded a short, and it continued to fall all session, en route to a down finish of  almost 5.5% today. The crack came a bit before lunch, with early highs easily holding.


A flat open at the lod began to advance right after the noise candle steadily. It kept positive all session, closing a bit weakly but still green by over 6% today.


Opening right at 10.90, this fell on a wild noise candle, but soon a red to green move over the trigger for longs followed. It continued to gently rise all session, with one afternoon flat line trip holding. It ended up almost 5% today.



A possible fake out for shorts when this seemed to break down just after the noise candle. But it rebounded to close positive even on that candle, only traveling under the open and flat line briefly. It moved mostly sideways the remainder, closing up over 3% today.



A clear gap up rose only on the noise candle, then it fell. A gradual decline ensued which discouraged longs. It closed up in the neighborhood of 1% today due to the gapper.


A gap up and near crap 1 cent under the hod, which was printed on the noise candle, fell to the flat and below, steadily decaying. It ended negative by over 10% today. Longs never had a play.


A solid gap down started to fill from the noise candle, first hitting and overtaking the flat line early. Sideways moves followed just above the gap line the remainder, and it closed up over 2% today. Shorts had no play.

Daily record: W-3-L-1-P-3


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