Friday, June 08, 2012

Trade review 6-8-12

I got a few plays correct on Friday...



A gap down from the lod advanced out of the gate, going red to green early for the long. It peaked a little over an hour in, then moved sideways into the finish, ending up over 16.5% on Friday.


A 1 cent gap up rose from the start, peaking late morning. It then gradually fell back to and under the flat line, yielding the trigger short. More decay ensued, ending weakly down over 7% on Friday.



Longs were fake out over 5.50 when a gap down advanced to go green from red early, and it triggered. After equaling the previous day's high, it failed and headed back to the flat line, going under a bit in the afternoon and closing down over 1% on Friday for the losing buy.


A flat open rose out of the open and triggered a few times before lunch. It then gradually fell back to and and under the flat line in the afternoon, faking out longs. Closed red by over 2% on Friday.



This gap down fell from the noise candle from an initial hod, not letting longs have a shot. It rallied back all the way to the flat line and a bit over after early fading, but did not hit 10 and fell back under the previous close the remainder, closing near a gap fill down nominally on Friday. A no play push.


The hod was put in on the noise candle, and it soon fell to and under the flat line, so longs had no entry. It began to recover somewhat in the afternoon, but the trigger was not taken out, and was on the initial candle. Closed down almost 0.5% on a no play push on Friday.


Opening near the hod and equaling but not exceeding the trigger early, by late morning this fell back to and under the flat line. It rallied back to near highs by close but longs never quite had a play. Ended up almost 1% on Friday.

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


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