Thursday, June 21, 2012

Trade review 6-21-12

I got some picks right today...



A 1 cent gap up fell from the hod, yielding a short. It steadily fell, closing red by over 3.5% today. A win.


A 2 cent gap up and crap from the hod fell red on the noise candle, and kept decaying for an hour, yielding a short. It moved sideways most of the remainder, closing down over 5.5% today. A win.


A gap down fell on the noise candle, and triggered on the next one. A steady decline ensued, and it eventually closed south by over 10.5% today. A win.



Yet another fake out loss as this gap up moved red on the candle following the noise one, and triggered. It bottomed in 15 minutes and reversed, going green and holding it essentially with up and down moves along the flat line, closing on an upswing and positive by over 1% today.


This looks like a win on paper, but it's a loss. It closed above the trigger after the noise candle, but soon reversed gradually and traded mostly under the open, closing up over 1.5% today but under the entry.



A no trigger that opened 2 cents under the hod that it fell from, continued to decay all session, closing down almost 5.5% today. A push.


Another no trigger when a 1 cent gap down failed to trigger and doji printed, closing south a tad. No play.

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


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