Monday, June 11, 2012

Trade review 6-11-12

I got all picks that had feasible entries correct on this day...



A 1 cent gap up 2 cents under the hod rose initially, but stayed a tad under the previous day's high. Late morning it began to trade under the flat line, yielding a short. It continued to falter most of the way, en route to a red finish of almost 4.5% today.


A 1 cent gap down from the lod zoomed up from the noise candle. The entry was likely under the open enough for profit after commissions. Initial lows held the retrace move late morning, then it advanced again and moved sideways in the afternoon, en route to a green end of at least almost 9% today to win for longs.


This played out perfectly for shorts when a gap up right at 9 fell from the noise candle, which led to the next candle going under the flat line, yielding a short. It bottomed late morning, but moved sideways the remainder, closing down almost 7% today for the win.





Drops off my list after today. A gap up near 10 fell on the noise candle to a level which precluded any likely longs. It continued to dump almost all session, closing red by over 11.5% today. A no play push.


Another gap up, 2 cents under the hod, fell from the noise candle at once. It dove red and kept it up until late morning, when it moved sideways and a bit up, en route to a down finish of over 6.5% today. A no play push since longs never had an entry.


A clear no play push as a gap down a cent under the hod moved sideways for 30 minutes, then down steadily for most of the remainder, en route to a south finish of over 8% today. Longs had no play at all.


Another obvious no play push when a gap up not far from the hod fell on the noise candle to red. It continued to decay until late morning, when it moved sideways, ultimately finishing down almost 10% today.

Daily record: W-3-L-0-P-4

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