Wednesday, December 19, 2012

Trade review 12-19-12

I got some plays right on this day...

Hits:

CRME

A win for shorts on a clear gap up from the hod that fell from the noise candle. Just after it bounced and lightly greened, but held the initial highs. It then moved back red for the entry and kept going, closing down over 11% today.

NCV

An easy win for longs when a gap down from the lod moved sideways initially, then greened for the entry. Retreats held the flat line, then it closed up in range of 1% today.

Misses:

TASR

Fake out possible for shorts when this gap down fell on the noise candle, then rose to green and print/close above the initial high. Right after it steadily fell, first to and under the flat line. A slow bleed led to a red finish of over 3.5% today.

ONCY

A gap up near the hod fell on the noise candle, and kept going for several more candles to draw shorts in. Then it rebounded, bouncing off and holding the flat line, and closed strong up over 3.5% today. Fake out.

HOTT

A gap up debut fell from the noise candle and reddened, yielding a short. It bottomed in 35 minutes and then rose to green, where it remained. It closed up over 0.50% Another fake out.

Push:

WIN

A push likely here as longs probably kept flat when a gap up advanced on the noise candle, but doji printed the next one. It immediately fell thereafter hard, going green to red. A trip back to the flat commenced, and it moved along it the remainder, closing up over 0.50% today. No play.

DRWI 

A 50/50 split on winners or losers likely here as a gap up fell from the noise candle and beyond, under 3. I later rebounded nicely and greened and held over 3 for a potential long. Closed up over 9% but it mattered a lot when and which direction you played this, about an even chance of either a winner or loser.

Totals:
Daily record: W-2-L-3-P-2
40%    

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