I got one of these things right on this day...
Hits:
KITD
A win for longs likely when a gap down went nowhere on the noise candle, rose right after, then fell a bit red but held the previous session low and 0.35. It rose to the flat line, hugged it, then broke out in the afternoon. Closed off the highs but still positive by over 10% today.
Misses:
FREE
Early fake out loss possible on a short when this gap down fell after the noise candle for the entry. It soon roared back positive, peaking an hour in, moving sideways and down the remainder, closing up over 6%.
SVA
Fake out loss likely for longs here off a gap down that soared and greened after the noise candle, triggering. It peaked early, heading back soon to the flat line where it remained, closing unchanged. Loss with commissions.
USAT
A fake out loss probable here when a gap down rose a bit after the noise candle, then fell under the open. It soon rose gradually, nearly to the flat line, closing down a bit less than 0.50% but a loss with commissions.
Push:
CYCCP
Another range free day, which appears common on the daily, periods of activity followed by several days of almost no volume, etc. Closed down today almost 0.50% due to a gapper, no play push clearly.
NEWL
Fake out shorts unlikely here when a gap up advanced from the noise candle and beyond, peaking early and slowly decaying back to the opening price, but it and the flat line held, closing at least even. No play push.
CMVT
A typo on my price level which said long over 4.99 when I meant obviously 3.99. It's price action likely stopped fake outs long, though. A flat debut spiked out of the open over 4, but the very next candle, along with several others, fell and breached 4 to the underside. Then it hugged the flat line the remainder, moving sideways along it to end down nominally. A no play push.
Totals:
Daily record: W-1-L-3-P-3
25%
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http://traderbigt.blogspot.com/2010/02/please-read-my-terms-of-service-i.html
Hits:
KITD
A win for longs likely when a gap down went nowhere on the noise candle, rose right after, then fell a bit red but held the previous session low and 0.35. It rose to the flat line, hugged it, then broke out in the afternoon. Closed off the highs but still positive by over 10% today.
Misses:
FREE
Early fake out loss possible on a short when this gap down fell after the noise candle for the entry. It soon roared back positive, peaking an hour in, moving sideways and down the remainder, closing up over 6%.
SVA
Fake out loss likely for longs here off a gap down that soared and greened after the noise candle, triggering. It peaked early, heading back soon to the flat line where it remained, closing unchanged. Loss with commissions.
USAT
A fake out loss probable here when a gap down rose a bit after the noise candle, then fell under the open. It soon rose gradually, nearly to the flat line, closing down a bit less than 0.50% but a loss with commissions.
Push:
CYCCP
Another range free day, which appears common on the daily, periods of activity followed by several days of almost no volume, etc. Closed down today almost 0.50% due to a gapper, no play push clearly.
NEWL
Fake out shorts unlikely here when a gap up advanced from the noise candle and beyond, peaking early and slowly decaying back to the opening price, but it and the flat line held, closing at least even. No play push.
CMVT
A typo on my price level which said long over 4.99 when I meant obviously 3.99. It's price action likely stopped fake outs long, though. A flat debut spiked out of the open over 4, but the very next candle, along with several others, fell and breached 4 to the underside. Then it hugged the flat line the remainder, moving sideways along it to end down nominally. A no play push.
Totals:
Daily record: W-1-L-3-P-3
25%
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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