I got a few plays right on Wednesday...
Hits:
BIOF
A clear gap down debut moved sideways early then moved under the open well after the noise candle, yielding a fade entry. It continued to decline, then moved sideways the remainder, closing down over 14%.
DNDN
An early trigger kept advancing beyond the noise candle for the long entry. This continued all session, en route to a green finish of over 8%.
Misses:
ZZ
A possible fake out loss short when this gap up fell after the noise candle to red, then advanced back over the flat line in the morning. A strong close ended it up over 2.5%.
TSL
This looks like a win but is likely a loss given the price action. It triggered but anyone entering on the close of that early candle was slightly under water by day's end. Moved sideways into the finish, up over 1.5%.
Push:
GOK
A big gap up from the lod prevented short fake outs when this advanced beyond the noise candle. It fell soon after, but remained well positive. Closed up almost 32%.
CPRX
Except for the noise candle, this fell steadily and went red in the morning, preventing longs and fake outs. It could not make new annual highs. Closed under the flat line by over 5% today.
TSTC
Looks like a clear win but the price listing was a typo. It should read "2" not "3" etc. This probably led to a lot of people not playing. Scalp long spikes won, as did any early entry over the trigger but not waiting for the close of the 2nd candle, but all things considered the play was a wash. Opened on a gap up at the lod and closed north almost 11.5% today.
Totals:
Daily record: W-2-L-2-P-3
50%
New users: Read my trading guide for my play set-ups!
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Hits:
BIOF
A clear gap down debut moved sideways early then moved under the open well after the noise candle, yielding a fade entry. It continued to decline, then moved sideways the remainder, closing down over 14%.
DNDN
An early trigger kept advancing beyond the noise candle for the long entry. This continued all session, en route to a green finish of over 8%.
Misses:
ZZ
A possible fake out loss short when this gap up fell after the noise candle to red, then advanced back over the flat line in the morning. A strong close ended it up over 2.5%.
TSL
This looks like a win but is likely a loss given the price action. It triggered but anyone entering on the close of that early candle was slightly under water by day's end. Moved sideways into the finish, up over 1.5%.
Push:
GOK
A big gap up from the lod prevented short fake outs when this advanced beyond the noise candle. It fell soon after, but remained well positive. Closed up almost 32%.
CPRX
Except for the noise candle, this fell steadily and went red in the morning, preventing longs and fake outs. It could not make new annual highs. Closed under the flat line by over 5% today.
TSTC
Looks like a clear win but the price listing was a typo. It should read "2" not "3" etc. This probably led to a lot of people not playing. Scalp long spikes won, as did any early entry over the trigger but not waiting for the close of the 2nd candle, but all things considered the play was a wash. Opened on a gap up at the lod and closed north almost 11.5% today.
Totals:
Daily record: W-2-L-2-P-3
50%
New users: Read my trading guide for my play set-ups!
Review my blog at Investimonials:
Follow me now on Twitter:
Watch my instructional trading videos on YouTube:
Subscribe to Big T by e-mail:
Subscribe to Big T in a news reader:
The blog has a terms of service. Be sure to read it at:
http://traderbigt.blogspot.com/2010/02/please-read-my-terms-of-service-i.html
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