Tuesday, May 22, 2012

Trade review 5-22-12

I got some picks right on this day...



A 1 cent gap down from the lod moved up near the start steadily. It peaked in an hour then moved sideways and a bit down the remainder, closing up over 3% today.


A gap down advanced out of the open and greened, crossing 12. It soon peaked and headed back to the flat line, going back under 12 for the entry short. It retraced back to but essentially held the flat line, then closed weakly, south by almost 1.5% today.


A nominal gap down filled on the noise candle, then moved back down under the flat line. Soon it went red to green and triggered for the long. It moved sideways by lunch for hours, closing weakly but still up almost 2% today for the win.


This tumbled from the open, trading under the debut after the noise candle. A steady drop continued most of the way, en route to a red end by almost 11% today to win for shorts.



This gap up sported an early trigger that faked out longs. The stock held up alright most of the day, but closed weakly and a cent under the target entrance, so it could have been a loss, at least after commissions.


A fake out loss for clinical entries, though top fishing won likely. A big gap up panic dumped out of the open, but it bottomed early after going under the trigger for shorts. It gradually rose and finished right at 0.15 so that would be a loss by commissions or a bit more. Closed south by over 2.5% today, but that's deceptive.


A clear gap up advanced on the noise candle then fell a bit, but held the flat line and each candle closed above the open. But shorts could have been faked out when it dipped under the debut during that. They certainly could later when it closed under the open just after lunch. Then it rose modestly most of the afternoon, closing up almost 8.5% today. Several may have avoided losses here but a loss was more likely.



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


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