Tuesday, September 18, 2012

Trade review 9-18-12

I got some picks right on Tuesday...

Hits:

BIOF

A perfect play for shorts, when a gap up at the hod fell from the gun, continuing after the noise candle for the remainder, closing down by almost 12% today.

CDXC

Opening on a gap up a cent under the hod, this began to fall from the start, and triggered early and just after lunch. It recovered a bit and moved sideways into the finish, south by over 2.5% today for a modest win.

KBW

Opening on a gap down from the hod, this fell from the noise candle and kept going, yielding a short. It eventually bounced but stayed negative and closed weakly down almost 2% today for the win.

Misses:

NEXS 

A possible fake out loss for shorts when a gap up and crap fell from the noise candle, then fell negative briefly, before rising slowly back to positive and closing up almost 6.5% today and likely above the trigger.

MELA

A possible fake out for longs when this closed above the trigger just barely up until lunch. Then it began to dive under the flat line, closing south by almost 2% today and likely under the trigger.

Push:

FBC

This opened near the hod and began to fall at once, not permitting longs an entry. It continued to move sideways under the flat line and ended down by over 1.5% today.

LPR

This closed positive by almost 5% but did not trigger until less than 30 minutes remained in the session, so few longs would have bit at all. A steady rise ensued most of the way, though after the trigger it closed weak.

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

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