Monday, September 10, 2012

Trade review 9-10-12

I got no picks correct on Monday...





A fake out possible for longs when this greened and advanced for new annual highs after the noise candle. It immediately fell back to and under the flat line, eventually closing down over 3.5% today.


This is arguably a push, but some longs could have entered in the last 1/2 hour when it began to close above 10.50ish. It closed right on that, so it would have lost considering commissions. Positive end by almost 2%.


Some longs could have bit and would have been faked out here when a gap down filled at once and kept going early up and over the flat line. After a trigger, it fast fell back to and under the flat line. It meandered around there the remainder, closing up by almost 1% today but under the likely entry price.



Opening on a gap up at the hod, this fell on the noise candle but rose the remainder, denying shorts a play. It fast greened then hung around the flat line the remainder, closing up almost 0.5% today for a push.


Unlikely that shorts lost with this price action, given that it fell and printed the lod on the noise candle, then meandered near the flat line and held the initial low, before greening and peaking over lunch. It stayed positive, closing up almost 2% today.


A big gap down warned off longs, but it greened on the noise candle and filled. The very next candle almost triggered but could not get over that, which was good since it immediately fell back to and under the flat line, which it meandered under, closing down by over 0.5% today on a no play push.


A gap down advanced on the noise candle, then decayed. Rebounds all stayed under the initial highs and never crossed the flat line, so longs were not faked out here. Closed south by almost 8.5% today.

A rare goose egg for me. Sometimes it's just not your day...

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

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