Wednesday, June 06, 2012

Trade review 6-6-12

I got a few picks correct today...



A win for shorts off a gap up which fell on the noise candle, then bounced, but gradually decayed. Once it returned under the open, it was a fade play. It held the flat line essentially and rebounded a bit into the close, ending up almost 1.5% today but likely under the entry price sell.


A gap up near the lod advanced out of the open gently all session, yielding a buy after the noise candle. It kept positive all session, ending up almost 3% today.


A gap up near the hod fell from the noise candle to red. It kept declining slowly all session, yielding a short after the noise candle. Finished south by nearly 15.5% today.



A fake out loss for longs when this gap up advanced early, and closed above the open and new annuals after the noise candle. It soon after began to gradually fall back to the flat line, moving sideways in the afternoon and closing up over 2% but likely under the entry point buy.


Another fake out loss for longs when a gap up fell soon after the open, but rose again and breached 10. It held over that a bit, then fell back under after lunch. It closed strong but under 10 yet up over 1.5% today.



A gap up near the hod rose on the noise candle, but the next one fell fast, a decline ensued which reddened by a 1/2 hour in. It rallied over the flat line, but could not reach earlier highs, and faded in the afternoon, closing red by over 4.5% today. A no play push for prospective longs.


A gap up near the lod moved sideways initially, then zoomed up near a 1/2 hour in. Then it moved sideways until the afternoon, when a long ascension followed, ending positive by over 9.5% today. No possible long.

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


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