Wednesday, July 18, 2012

Trade review 7-18-12

I got ALL of these things right on this day that had feasable entries!

Hits:

MVIS

Finally we got our bounce and it worked like a charm. A gap up a cent above the lod rose early on, after going sideways initially. That yielded our long. It kept climbing the remainder, closing up over 7.5% today.

STEM

An easy win for shorts as a gap down near the hod fell out of the open. It bounced come lunch, but the flat line held and it closed weakly, south by over 17% today.

ANTH

Another clear win for shorts when this gap down near the hod mostly steadily fell gently all session. It closed down almost 17% today.

KEG

A gap down rose out of the open beyond the noise candle, triggering on the flat line and 7.50 cross. Modest greening above that followed, and it closed up almost 1.5% today for the modest win.

Misses:

None. 

Push:

ALNY

A gap down near the lod rose from the noise candle and beyond, so shorts never had a play and also were not tricked. It rose to the flat line and hugged it mostly the remainder, closing up almost 0.5% today.

PETS

Longs were almost but not quite faked out here, when a gap up rose beyond the noise candle and just missed the trigger, before falling back to the flat line, hugging it until an afternoon dive, red by almost 2.5%.

OMEX

This gap down open not far from the hod dropped like a stone from the noise candle, so longs were not fooled. It gently declined from there, closing south by almost 9.5% today.

Off table pick ALJ worked like a charm, opening right at 10 as the lod and advancing all session from there for a winning long. So, I aced even the bonus pick!

Totals:
Daily record: W-4-L-0-P-3

100%      

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