Wednesday, May 02, 2012

Trade review 5-2-12

I got some of them right today...



A 1 cent gap down fast advanced and kept going beyond the noise candle, yielding a long. It closed up over 13% today for the win.


Not pretty, but it worked. A clear gap down fast filled and got over the key area, then gradually decayed back to the flat line and under the trigger, accelerating into the close, which was red by almost 2.5% today.


Most shorts banked when previous sessions highs held after it touched 4 a few times before lunch. It cracked 4 in the afternoon for a solid entry, and decayed into the close, south by over 3% today to win.



A fake out loss for longs on early moves up and over 20 after the noise candle that soon reversed and fell back under the open and flat line, reddening. It picked up into the finish, south by over 4.5% today.



A clear gap down at the hod crapped, and did not trigger. It then moved sideways most of the day, closing down by almost 3% today. A no play push.


Another no trigger off a gap up and near crap that fell from the start. Near lunch it bottomed and moved sideways the remainder, closing down by over 1.5% today. A no play push.


The price action was such that no fake out occurred, and it it never triggered for shorts. It rebounded early off a red to green move and never looked back. It closed off the highs, but still up by over 6.5% today. A no play push.

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


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