Wednesday, July 11, 2012

Trade review 7-11-12

I got a few plays right on Wednesday...



Shorts won when this gap up advanced early, then cracked in classic fashion in the afternoon, yielding a fade. The decline began near lunch but reddened later. Closed south by over 12% today.


A normal gap up from the hod fell out of the open, yielding a fade. It kept falling, en route to a red finish of over 9% today.


A win even for early shorts off a gap up that fell initially, but the modest greening held the noise candle session high, and it reversed back under the flat line for good. Steady decay, closing red by over 5% today.


Mission accomplished as a gap up moved sideways and soon up for entry long. It peaked in 40 minutes, then pulled back a bit and moved sideways the remainder, closing up over 9% today.



A fake out for shorts when this fell under the open and 2 via a gap down by later morning. It soon steadily rebounded and even greened, closing up over 1.5% today.



Unsurprisingly, a clear gap up from the lod moved sideways on the noise candle, then advanced, so shorts never had a play and fortunately avoided fake outs. It moved sideways and up the remainder, closing north by over 11.5% today. A no play push.


A no play that never triggered, opening on a gap up that fell out of the gate. It eventually rebounded and even greened in the afternoon, but soon fell again hard into the close, not triggering. Red by almost 6% today.

Daily record: W-4-L-1-P-2


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