Thursday, October 18, 2012

Trade review 10-18-12

I got some of these things right on this day...

Hits:

GMO

A gap down open fell steadily after the noise candle for shorts, yielding an entry. It continued to decline all session, en route to a red finish of over 4% today.

ONVO

A likely win for shorts when a gap up moved sideways at the flat line for hours, whereupon it fell under just after lunch. It moved sideways and up a bit thereafter, but most entries banked. Ended red by almost 7%,

Misses:

CATY

An early fake out loss off a gap up debut that moved up after the noise candle, then fell back to the flat line and just under by the end, finishing south by over 1% today.

Push:

ADNC

A gap down debut tried to fill, but held under the flat line essentially. Moving sideways most of the way, it closed down almost % today. A no play push for prospective longs lacking the trigger price.

BODY

A flat debut could not get over 11, it merely equaled it on the noise candle, then fell steadily under the flat line, en route to a down end of over 2% today. A no play push for potential longs that missed the trigger.

MTG

Most possible longs did not get fake out with the price action here. A gap up rose initially, just hitting 2.16 but not going over. 40 minutes in it hit it but the candle itself closed well under. Then it steadily fell, breaking below the flat line, en route to a south finish of almost 4% today. No play push for almost everyone.

BRCD

Again, fake out literally impossible here as a gap up printed the hod and trigger price on the initial 5 minute (noise candle) stick and then fell steadily  for an hour under the flat line thereafter, never seeing 5.70+ again. It moved sideways the remainder, en route to a south finish of almost 1.5% today.

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

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