Thursday, May 31, 2012

Trade review 5-31-12

I got some of them correct on this day...



A simple win for shorts when this fell early and in the afternoon, with the hod holding on the initial retrace. It closed on the lows, down by 8% today.


After the up noise candle, this moved sideways and down, going green to red early. But it bounced back over late morning and triggered. It continued to advance slowly, closing up nearly 6% today to win for longs.



A fake out for shorts when a gap up fell on the noise candle to red. It continued to decay soon after, but an hour in it began a slow march back up. Closed up over 2.5% today and above the likely fade point. 


A fake out for longs when this triggered with about 2 hours left to go and then it meandered into the close, finishing unchanged on the day.


This almost looks like a win, but it's a loss. A gap down fell under the open after the noise candle, and it looked like a clear short as outlined. It ended down in fact over 2% today, but it bottomed in an hour of opening and slowly climbed back up the remainder, with the likely entry point below that of the close.



A no play that just missed triggering. It closed up over 0.50% today. A gap up near the hod fell from the start, but after an hour it began a slow climb back to the flat line. Long never quite had a play though.


A flat debut advanced out of the gate, whereupon it moved up and down until a candle closed exactly on the entry near lunch. The very next candle rose at once, and it greened again and fell back to the flat line, eventually rising again into the close to end up over 0.5% today. With this price action shorts likely passed.

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


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