I got 1 pick correct on Friday...
Hits:
EGLE
This worked like a charm for shorts on the 4 fail. It opened on a gap up and rose over 4 on the noise candle only. Then it began to dive, first under the flat line, for the fade entry. It kept diving for 40 minutes, then moved sideways and slightly up, ending south by over 7.5% on Friday.
Misses:
RSH
A fake out loss for shorts when this gap up closed under the trigger twice before lunch, heading into which it advanced and greened. Sideways moves followed the remainder, and it closed up about 1% on Friday.
REE
A gap down filled at once, then closed under 5 after the noise candle to draw some shorts in. Late morning it closed even more under the earlier low to ensure some fake outs, then gradually recovered into the finish, ending up nominally and likely a few cents above the entry fade point. A loss.
Push:
PCRX
A gap up that filled fast essentially held the flat line each time on challenges, so no serious fade arose. Then it went on another tear above the flat line, closing weakly and up only a bit over 0.5% on Friday. A push.
ARNA
A gap up from near the hod that fell on the noise candle and beyond did not fake out longs, who almost surely kept flat. More diving and sideways/upward movement followed, and it closed down almost 15.5% on Friday. A no play push.
CECO
This gap and near crap with the hod on the noise candle fell at once, then meandered under the flat line all session, en route to a red finish of 1% on Friday. A no trigger non-play push.
NKA
Another no play push when a flat open near the hod fell from the noise candle which sported the high. Without a trigger, it meandered under the flat line all session, closing south by close to 2% on Friday.
Totals:
Daily record: W-1-L-2-P-4
33%
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Hits:
EGLE
This worked like a charm for shorts on the 4 fail. It opened on a gap up and rose over 4 on the noise candle only. Then it began to dive, first under the flat line, for the fade entry. It kept diving for 40 minutes, then moved sideways and slightly up, ending south by over 7.5% on Friday.
Misses:
RSH
A fake out loss for shorts when this gap up closed under the trigger twice before lunch, heading into which it advanced and greened. Sideways moves followed the remainder, and it closed up about 1% on Friday.
REE
A gap down filled at once, then closed under 5 after the noise candle to draw some shorts in. Late morning it closed even more under the earlier low to ensure some fake outs, then gradually recovered into the finish, ending up nominally and likely a few cents above the entry fade point. A loss.
Push:
PCRX
A gap up that filled fast essentially held the flat line each time on challenges, so no serious fade arose. Then it went on another tear above the flat line, closing weakly and up only a bit over 0.5% on Friday. A push.
ARNA
A gap up from near the hod that fell on the noise candle and beyond did not fake out longs, who almost surely kept flat. More diving and sideways/upward movement followed, and it closed down almost 15.5% on Friday. A no play push.
CECO
This gap and near crap with the hod on the noise candle fell at once, then meandered under the flat line all session, en route to a red finish of 1% on Friday. A no trigger non-play push.
NKA
Another no play push when a flat open near the hod fell from the noise candle which sported the high. Without a trigger, it meandered under the flat line all session, closing south by close to 2% on Friday.
Totals:
Daily record: W-1-L-2-P-4
33%
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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