Saturday, October 13, 2012

Trade review 10-12-12

I got a few picks right on Friday...

Hits:

IDOI

A gap up not far under the hod fell red by 30 minutes in, yielding a short. It continued to flail under the flat line all session, en route to a down finish of over 14.5% on Friday.

ONVO

An easy win for longs when a gap up not far from the lod slowly worse in the morning. It closed below the highs but still positive by over 9% on Friday.

USAT

A gap down near the lod advanced gradually with a clear buy trigger by lunch, and it kept rising gently from there, closing up over 10.5% on Friday.

SFLY

A very narrow win for longs likely here on the trigger price after early moves up following a gap down open. It retreated a bit and moved sideways the remainder, closing up over 1.5% on Friday. 

Misses:

MPW

A fake out for shorts possible after a gap up advanced early, then fell to and below the flat line near lunch. It soon rebounded over it and moved sideways and positive until a weak close ended it unchanged on Friday.

PHK

A fake out loss for longs when a gap up advanced early for the entry, then fell gradually back to and under the flat line. It stayed negative into the close, south by close to 1% on Friday.

BLOX 

Some longs could have lost when this gap up fell to the flat line early after a gap up debut, and moved back over 20 for a few candles, before falling back to and under it for the fake out. It closed strong but still ended red by over 0.5% on Friday.

Push:

None.

Totals:
Daily record: W-4-L-3-P-0
57%  

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