Saturday, September 15, 2012

Trade review 9-14-12

I got some of these things right on Friday...

Hits:

PWAV 

A gap down fell after the noise candle for the entry short. The rebounds held the early high and it fell again red keeping a gentle decline all session, en route to a down finish of over 6.5% on Friday.

NEXS

A clear gap up rose early, then decayed, as it passed under the open in the afternoon it was a fade entry. It kept up a gentle decline into the finish, which was almost unchanged on Friday.

CUR

A clear gap down rose early one, then decayed, failing to fill. It was a potential short once it passed under the open right after lunch. It slowly declined the remainder, closing red by over 16.5% on Friday.

Misses:

NGVC 

A gap down fell on the noise candle, then hugged the flat line until it greened somewhat before lunch. Depending on where they entered, it's possible some longs banked but it held green and above likely entry prices for a while before it settled back to just over the gap the remainder, closing up just 1% on Friday. 

ZERO 

A considerable gap down filled almost on the noise candle. Then it fell back and under the open, possibly faking out some shorts. More decay followed, then it gently rose slowly, closing down almost 6.5% on Friday but likely near the entry fade point, so with commissions it's a loser.

Push:

BIOF

No play for longs when this big gap up from the lod rose from the noise candle and beyond. It eventually moved sideways and down but the lows held and it closed positive by over 40% on Friday.

SPRT

Save for a big gap up noise candle, this fell on the next one and several more to deny prospective longs an entry. A rebound modestly climbed and never came close to the original highs, and it moved sideways the remainder, closing up over 4% on Friday.

Totals:
Daily record: W-3-L-2-P-2
60%  

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