I got a few picks correct on this day...
Hits:
MEIP
A win for shorts off a gap up that advanced initially, then fell below the opening price for the fade. It actually fell under the flat line in the afternoon, closing strong and up 1.5%+ but likely below the entry sell.
CHK
An easy win for longs when a gap down advanced from the noise candle, greening. It kept going until near lunch, when it moved sideways and a bit down to end up around 1% today.
Misses:
ZLC
An early move up yielded a long above the trigger but it was a fake out that soon fell back to the flat line. It moved along there the remainder, closing red by around 1% or so on Tuesday.
LDK
An early move up yielded a long above the trigger that proved to be a fake out. It soon moved back to the gap line and under after lunch, ending south by over 1% at least today.
ZERO
This looks like a win for buyers but it's a loss. After a gap up advanced beyond the noise candle and trigger briefly, it fell back and moved sideways. Closed up over 4.5% today due to the gapper and under entry.
Push:
NVGN
A gap up moved sideways for the 1st 2 candles, then opened the next on a big gap downward. Shorts had no play and watched it zoom from there, denying entry. It bounced above the flat line, ending up over 3.5% today.
GMXR
Looks like a win for shorts, but they did not have a sound play to enter since it fell so far on the noise candle, bottomed and slowly advanced from there. I assume most stayed flat. Red by over 7.5% today.
Totals:
Daily record: W-2-L-3-P-2
40%
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Hits:
MEIP
A win for shorts off a gap up that advanced initially, then fell below the opening price for the fade. It actually fell under the flat line in the afternoon, closing strong and up 1.5%+ but likely below the entry sell.
CHK
An easy win for longs when a gap down advanced from the noise candle, greening. It kept going until near lunch, when it moved sideways and a bit down to end up around 1% today.
Misses:
ZLC
An early move up yielded a long above the trigger but it was a fake out that soon fell back to the flat line. It moved along there the remainder, closing red by around 1% or so on Tuesday.
LDK
An early move up yielded a long above the trigger that proved to be a fake out. It soon moved back to the gap line and under after lunch, ending south by over 1% at least today.
ZERO
This looks like a win for buyers but it's a loss. After a gap up advanced beyond the noise candle and trigger briefly, it fell back and moved sideways. Closed up over 4.5% today due to the gapper and under entry.
Push:
NVGN
A gap up moved sideways for the 1st 2 candles, then opened the next on a big gap downward. Shorts had no play and watched it zoom from there, denying entry. It bounced above the flat line, ending up over 3.5% today.
GMXR
Looks like a win for shorts, but they did not have a sound play to enter since it fell so far on the noise candle, bottomed and slowly advanced from there. I assume most stayed flat. Red by over 7.5% today.
Totals:
Daily record: W-2-L-3-P-2
40%
New users: Read my trading guide for my play set-ups!
Review my blog at Investimonials:
Follow me now on Twitter:
Watch my instructional trading videos on YouTube:
Subscribe to Big T by e-mail:
Subscribe to Big T in a news reader:
The blog has a terms of service. Be sure to read it at:
http://traderbigt.blogspot.com/2010/02/please-read-my-terms-of-service-i.html
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