Tuesday, October 16, 2012

Trade review 10-16-12

I got some plays right on this day...

Hits:

EKNL

A clear win for shorts when a gap down near the hod rose early on, but did not fill and sported an afternoon fade entry. It closed off the lows, but still down over 7% today. 

RPM

A nice gap up near the lod advanced early and continued to climb all session, yielding a morning entry. It closed positive by over 2.5% today to win for longs.

DX

The lod printed 3 cents under the trigger on the noise candle, then the next stick yielded an entry buy. It kept climbing up slowly all session, en route to a green finish of over 2.5% today.

Misses:

BRND

A fake out of shorts possible when a gap up advanced initially, then fell under the open and flat line for an entry. It slowly rose to positive, and hung just above the gap line the remainder, up over 2% today.

Push:

CLWR

A no play push due to a huge gap down that prevented fades. Closed above the open which was not far above the lod down over 16.5% but that's deceptive as most of it was lost in the gapper.

CYCC

A likely push with the price action an lack of new yearly highs. A gap down fell initially, then nominally greened for 1 candle. Then it doji printed and fell under the flat line on the very next one. It stayed under there the remainder, closing south by over 5.5% today.

PGNX

A no trigger push when a gap up fell hard out of the open. It recovered to green later on, but could not hit the entry price. Then it hugged the flat line the remainder, closing limply and red over 0.5% today. No play.

Totals:
Daily record: W-3-L-1-P-3
75% 

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