Wednesday, May 30, 2012

Trade review 5-30-12

I got some picks correct today...



A gap down from the near the hod advanced near the open but failed to fill, and fast headed back down. A trigger fade once it fell back under the open, it kept falling until well into lunch. A rally into the close failed to green and ended under the open to win for shorts. South by over 3% today.


A clear gap down that fell aside from the noise candle. It dropped below the open yielding an easy short that stayed under it steadily all day, closing red by over 26% today.



A gap down filled early and triggered an hour in, but it did not last, falling back to and under the flat line by lunch. It stayed red and closed down by almost 1.5% today.


This triggered with about 70 minutes remaining, but it did not last. A weak close soon followed and it ended down just a tad, but likely under the probable entry long. 



A gap down from the lod advanced from the open, yielding no play for shorts. It still finished down over 3.5% due to the gapper, but it was a no play push.


A gap down filled and greened, but just missed the trigger. This did not happen until the afternoon, though. A no play push. Closed up by 0.50 today.


Opening on a clear gap up, top fishers would have banked if entering around then, but after almost triggering in the morning, it moved up and sideways, only hitting the number by a cent with a couple minutes to go in the session, so no entry was possible. Closed red buy over 3% today. A no play push.

Daily record: W-2-L-2-P-3


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