Thursday, December 06, 2012

Trade review 12-6-12

I got some of them right on this day...

Hits:

SEAC

At least as narrow win for longs when a gap up advanced after the noise candle steadily though nearly sideways. More upside followed into lunch, with sideways moves and decay to end up almost 3% today.

FSL

A win for longs when this gap down rose and greened to trigger from the noise candle on out. It kept moving above the flat line until it ended up close to 2% today.

Misses:

CUAU

A fake out loss when a gap down from the hod fell after sideways moves to open. Entry an hour in lost when this rose back up to close red by over 3% but likely above the entrance level.

HHS

Arguably a push, this gap down rose on the noise candle, and triggered on the next although it was not a positive candle. Neither was the next one, which tape printed and then it gradually decayed, moving sideways above the flat line until the afternoon, when it steadily fell below it, ending red by over 1% today.

DRH

A fake out loss or one on commissions at least is likely here when a gap down from the lod rose and triggered after a weak noise candle. 30 minutes in it gradually decayed, ending up over 0.5% today but likely not enough up for any profit.

Push:

BSMX

Shorts avoided fake outs on this when a gap down rose following the noise candle to green. It peaked in 30 minutes, then decayed the remainder, but ended positive by about 1% today. No play push.

CMVT

Fake outs for shorts not a problem here as the low just under the trigger printed on the noise candle, which greened itself, followed by more up moving sticks. It peaked about 30 minutes in and fell the remainder, but the flat line held, and it ended up around 1.5% today.

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

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