Monday, May 07, 2012

Trade review 5-7-12

I got some picks right on this day...



A nice red to green move above the open and to new annual highs yielded an early entry long. It later moved sideways, closing up almost 2.5% today for the win.


Another nice red to green long entry followed a gap down which advanced from the gun. It peaked near lunch then moved mostly sideways to end positive by over 4% today. A winner for buyers.


A nominal win for shorts when a gap down advanced after the noise candle but did not really fill. Late morning it traded under the open, yielding a short. Up and down moves staying under the flat line followed, and it closed meekly, likely under the entry by some cents. Red finish by over 2.5% today.


A perfect short on a gap up and crap from the hod to back under 3 and holds for the fade entry. It stayed negative all session, closing down almost 8.5% today. Off record pick QASP played out much the same, but closed south by over 36.5% today!



A fake out loss for longs when this gap down went red to green early and made new highs over the trigger after the noise candle. It peaked in an hour, then moved sideways and gradually south, closing weak and down by in the range of 3% today.


A fake out loss for longs when this 1 cent gap down soared after the noise candle to green for the entry. It peaked in 30 minutes and gradually decayed back to and under the flat line for good. Red by over 4.5% today.



A big gap up discouraged entries, and it advanced except for the noise candle. It closed off of the highs, but still positive by over 15% today after sideways moves followed lunch. A no play push.

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


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