Tuesday, May 08, 2012

Trade review 5-8-12

I got some of these picks right on this day...



A gap up and go rose gently most of the way, closing strongly and up 10% at least today. A winning long.


A gap down a cent above the lod mostly advanced, the pull back holding the open, and it zoomed up again this time for good. Closed up almost 6% today. A winning long.


A great short off a gap up and crap from the hod that triggered after an hour and had a huge tank near lunch. It closed off of the lows but still red by over 13.5% today.



A possible loss on a whip saw for early longs just after the noise candle, when this traded above the trigger for buys briefly. It reversed soon after and ended red by over 15% today. Shorts banked if patient initially.



Again, no trigger. It fell after the noise candle with rebounds an sideways price action never yielding a move over our target price. It closed south by almost 1.5% today. A no play push for potential longs.


A no trigger was this gap down fell out of the gate, rebounded, then moved sideways under the flat line, en route to a red end by close to 2% today. A no play push for potential longs.


This won for shorts, but the very big gap forbade entries under my usual rules, so it's a no play push. Closed under the open by over 15% today. A shame that a play we waited for so long was impractical!

Daily record: W-3-L-1-P-3


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