Monday, October 01, 2012

Trade review 10-1-12

I got several of them right on this day...

Hits:

NEXS

Shorts won when a gap down at the hod fell from the gun. It came back green but the previous session high held. An afternoon fade ensued which ended down over 11.5% and likely under the entry price.

BYFC

Another win for shorts when a gap up advanced initially, then fell back under the flat line for the fade entry. It moved sideways most of the remainder, but closed weakly and south by almost 24%  for the win.

SYRG

A very narrow win for longs when a gap up rose initially and triggered just after the noise candle. It moved a lot higher as the morning progressed, and exits near lunch banked more. Gradually declined and closed under the highs, but still positive by in range of 2% today.

APPY

At least a bare win for shorts when this gap up fell on the noise candle but rose right after and greened. It then fell back to under the open and initial candle for the short. More decay followed, ending red by 6.5%.

Misses:

SVNT

An early advance off a gap up faked out eager longs. 20 minutes in it began to gradually decay, falling to and under the flat line. A rebound to and over it hugged it most the remainder, and it ended up over 1% but likely below the entry price. A loss.

OSIR

Another early fake out loss when a gap up advanced from the noise candle and beyond. It rose again in the afternoon after some weak mid-session moves, but closed weakly and up over 1%, but under the trigger.

Push:

CCO

Just missed triggering. This gap up dived though from the bell to red, and gradually recovered the remainder after a hard fall most of the first hour. It ended south by near 1% today. A no play push on price action, too.

Totals:
Daily record: W-4-L-2-P-1
66%  

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