Thursday, June 07, 2012

Trade review 6-7-12

I got a few picks right today...



A gap up a cent under the hod fell on the noise candle, then yielded a short. It moved sideways in the morning, then fell in the afternoon. It closed red by over 2% today. REED also worked, but way better.


An easy win for shorts when a significant gap up fell from the noise candle, eventually passing under the target and holding initial highs on rebounds. It continued in the afternoon, ending down almost 2% today.


A 2 cent gap down fell from the noise candle, then continued to decay until lunch time. Then it rallied but held the initial highs, and fell again in the afternoon, closing down almost 5.5% today. A win for shorts.



This should have been a win, but early longs were faked out when it peaked early, and closed a few cents under the probable entry point. Closed up almost 8% today due to a deceptive gapper. I report honestly!


Another fake out when longs took early moves over 10 but saw that peak rapidly and head back lower, moving up and down around the flat line. It closed weak, south by a bit under 0.50% today for the loss.


A last fake out for early buyers when this triggered in the morning, peaked in 30 minutes and headed back to and under the flat line. It hung around there the remainder, closing south by almost 1% today. A loser.



A push likely after commissions from the likely entry point. A gap up noise candle about equaled the hod. It then fell a bit, but in the afternoon it triggered. After decaying again, it closed strong, up nominally.

My off record play MCP worked well enough, closing down over 1.5% today for shorts.

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


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