I got a few picks right on Friday...
Hits:
UPI
Opening on a clear gap down, this rose early, but fell within 30 some minutes back under the open, yielding a short after failing right at the flat line. It then fell steadily, hard into the finish, red by over 12% Friday.
AMBT
A sizable gap down but here the play short was very clear as it rose early and failed at 9 a few times early before falling under the open and initial low, yielding a short. It bottomed late morning and moved sideways the remainder, closing south by over 20% on Friday.
Misses:
IMUC
Early moves up after the noise candle could have faked out longs, since the gap up fell hard soon after, going well red and possibly stopping out some buyers. A late red to green might have gained unless buyers waited for the early high to be take out. It closed under that. Ended up over 4.5% on Friday. A loss is in order.
Push:
MVIS
Except for the noise candle, the next one doji printed and then it went straight up for an hour, before moving sideways and down the remainder, en route to a green finish of almost 11% on Friday. A no play push as shorts never had a good option.
ALSK
A no play push as this never triggered long. Opening on a gap down, this fell out of the gate to stay red, then moved sideways under the flat line the remainder, closing south by over 3% on Friday.
EPAY
Another no play push as this gap down never triggered for longs. Peaking within 35 minutes, it began a slow descent down that intensified into the close, which was south by over 4.5% on Friday.
END
A gap down moved up early and broke 10 but that candle closed under it. The next weaker one also closed under 10. The likely entry point on the short once it traded below the open was just a few cents over the close, so this is a wash with commissions. Finished down 4.5% on Friday due to the gapper. A push.
Totals:
Daily record: W-2-L-1-P-4
66%
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Hits:
UPI
Opening on a clear gap down, this rose early, but fell within 30 some minutes back under the open, yielding a short after failing right at the flat line. It then fell steadily, hard into the finish, red by over 12% Friday.
AMBT
A sizable gap down but here the play short was very clear as it rose early and failed at 9 a few times early before falling under the open and initial low, yielding a short. It bottomed late morning and moved sideways the remainder, closing south by over 20% on Friday.
Misses:
IMUC
Early moves up after the noise candle could have faked out longs, since the gap up fell hard soon after, going well red and possibly stopping out some buyers. A late red to green might have gained unless buyers waited for the early high to be take out. It closed under that. Ended up over 4.5% on Friday. A loss is in order.
Push:
MVIS
Except for the noise candle, the next one doji printed and then it went straight up for an hour, before moving sideways and down the remainder, en route to a green finish of almost 11% on Friday. A no play push as shorts never had a good option.
ALSK
A no play push as this never triggered long. Opening on a gap down, this fell out of the gate to stay red, then moved sideways under the flat line the remainder, closing south by over 3% on Friday.
EPAY
Another no play push as this gap down never triggered for longs. Peaking within 35 minutes, it began a slow descent down that intensified into the close, which was south by over 4.5% on Friday.
END
A gap down moved up early and broke 10 but that candle closed under it. The next weaker one also closed under 10. The likely entry point on the short once it traded below the open was just a few cents over the close, so this is a wash with commissions. Finished down 4.5% on Friday due to the gapper. A push.
Totals:
Daily record: W-2-L-1-P-4
66%
New users: Read my trading guide for my play set-ups!
Review my blog at Investimonials:
Follow me now on Twitter:
Watch my instructional trading videos on YouTube:
Subscribe to Big T by e-mail:
Subscribe to Big T in a news reader:
The blog has a terms of service. Be sure to read it at:
http://traderbigt.blogspot.com/2010/02/please-read-my-terms-of-service-i.html
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