Monday, July 16, 2012

Trade review 7-16-12

I got 1 pick correct on Monday...



A gap up a cent under the hod fell after the noise candle. It fell hard the 1st 45 minutes, then rebounded to green but held the initial highs. Closed weakly a bit after hugging the flat line late, red by about 1% today.



Some shorts could have been faked out early when this gap up traded under the open after the noise candle. After closing under 1, it fast rebounded, moving sideways and up into the finish, north by over 8%. Arguably a push since it never moved above the previous session high.


A gap down briefly made it over the flat line, but the candle closed under anyway. It decayed under and hugged the flat line all session, closing in a doji just equal to the debut. South by a bit over 0.5% today.


A huge gap down prevented any entry. It closed over the open but still red by over 19% due to the gapper.


A gap down from the hod fell at once, going under 1.60 fast and preventing fake out bouncer buys. 2 later candles could not close over the trigger area. The rest of the way it decayed, closing red by over 3% today.


No trigger as a gap down near the hod failed to reach the entry price and fell early beyond the noise candle. It rebounded from around lunch to the end, but still ended south by over 1% today.


Another gap down from the hod fell at once, denying any long and not triggering. A steady decline ensued, and it ended on a bit of an upbeat down over 7% today.

Daily record: W-1-L-1-P-5


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