Tuesday, June 05, 2012

Trade review 6-5-12

I got some picks right on this day...



This played out perfectly when a gap up and crap from the hod fell at once. It was a fade beyond the noise candle, and it continued to fall until a bit of a rise into the close, but ended south by over 7.5% today. A win.


A gap down from the lod that sported an early r/g move for longs gently rose all session, closing up over 3.5% today to win.


An easy short when a flat open fell from near the open and kept decaying after the noise candle, yielding a fine short as it crossed below 2. A measured decline ensued and it ended down over 13% today.



A loss when a gap up fell on the noise candle, then rose. Late morning it fell under the flat line and open, drawing some shorts in. But it soon rose back over and hugged it the remainder, closing up almost 2% today and likely above the entry price.



This rose from the gun via the lod, so shorts had no play. It fast peaked and decayed slowly into the close, which was still positive by over 2.5% today. A push.


This fell from the start near the hod, so longs had no chance. It rebounded twice to the flat line, but could not really conquer it and those candles closed under save 1 by a cent. Then it fell gradually into the finish, down by almost 4.5% today. A push.


A gap down advanced initially, then fell for hours. It rose the last few hours and equaled but did not exceed the trigger level given, in the final few minutes, so no entry long was realistically possible. Ended down over 1.5% today, a no play push.

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


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