Thursday, May 03, 2012

Trade review 5-3-12

I got 1 pick right today...



This played out perfectly for shorts when a gap down from the hod fell out of the gate and triggered. It kept a steady measured decay until the close, which was south by almost 8% today.



A gap up advanced after the noise candle to trap longs, then spent most of the rest of the day gradually fading back to and under the flat line. It closed positive by less than 1% but likely under the buy entry price.


A gap up moved sideways initially, then triggered an hour in, but soon faded off the highs and moved sideways the remainder, closing up over 2.5% but likely under the entry price, losing for longs.


A gap up advanced from the debut after a weak noise candle. It stayed strong all session but about 25 minutes to the finish it fell under 10.50 to trigger a fade. But it could not build upon that and closed up almost 5.5% today, losing for late shorts a bit. Off table twin pick EMMS fared better, a few shorts may have won.


A fake out loss for longs when this advanced above 9 after the noise candle steadily, but peaked in about 30 minutes and steadily faded back to and under the flat line, ending south by almost 4.5% today.



A gap down from the hod fell at once, not giving longs any shot. It closed south by at least close to 5% after later sideways moves into the finish. A no play push.


A huge gap down from the lod rose at once, not giving shorts any entry. It nearly closed the gap with steadily advancing, ending down over 3% anyway due to the gapper.

Daily record: W-1-L-4-P-2


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