Monday, November 12, 2012

Trade review 11-12-12

I got some of them right on Monday...

Hits:

CRAY

An easy win for longs when a flat open advanced from the lod, yielding a long and more 52's were achieved. Closed off of the highs with a gentle decline from lunch on, but still ended up over 2.5% today.

MXSG

A slight gap down from the hod moved sideways from the noise candle, then fell under the open and early lows an hour in for the fade. It soon moved sideways the remainder and closed weak, down +15% today.

Misses:

FBHS

A misprint on my pick last night, should read the trigger was above 28.06, not 26.93. My apologies. A fake out happened anyway, though. This gap up triggered early for longs, then fell back to the flat line and then under it. It could not make it back over, and closed nominally red for the loss.

NVGN

A cleat gap down discouraged entries and advanced soon after the noise candle. It dived under the flat line and the open an hour in but the next candle closed above both of those key areas. A slow climb ensued, with it bouncing up and down along the gap line, closing up almost 2.5% today. Some shorts could have been faked out here on the the move under the gap line, so this is arguably a loss.
Push:

MEIP

A clear gap down near the lod discouraged shorts and moved sideways before advancing near lunch, it closed up almost 1% on a no play push.

ISIS

A 1 cent gap up printed the hod on the noise candle, which was under the buy trigger. It then fell soon back to an eventually under the flat line about an hour in. A steady decline ensued, and closed down 2.5% today.

INAP

Most longs kept flat as this gap down advanced from the gun and greened, but only got over the trigger as a high on one 5 minute candle, closing under 6.25. It then fell to and stayed along the flat line, with one later bounce failing to trigger. Closed up about 0.5% today. A no play push.

Totals:
Daily record: W-2-L-2-P-3
50%      

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