Thursday, July 12, 2012

Trade review 7-12-12

I got some picks correct today...



A win for shorts on the 3.50 fail. Once it traveled below the open after the noise candle. A slow decline ensued and it ended down over 15.5% today.


A 1 cent gap up fell from the hod, yielding a short. It ended south by almost 5.5% today for the win despite closing off of the lows.



Looks like a clear win short but it's a loss unless they bought at the beginning of the candle after the noise one, at least after commissions. It continued to dive most of the way, closing down over 6.5% today, but the rise into the close had it end near where the likely fade entry was.


A fake out loss for early shorts when this traded red and under the open initially, before climbing and greening  by the afternoon. It closed south about 0.50% or possibly flat  but likely entry point means loss.



Save for the colorless noise candle it zoomed up early, preventing any shorts. It retreated later, but not enough for any entry. Closed up over 9.5% today. A no play push.


No trigger, it just missed it about an hour in. Hung around the flat line most of the way, closing weakly and south by over 1% today. No play push for longs.


Another no trigger though it equaled but did not surpass the key level. Sideways moves most of the day, the highs coming into the close, so longs had no play. A push.

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


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