Thursday, January 17, 2013

Trade review 1-17-13

I got a few of these right today...

Hits:

GV

A big win for longs when a clear gap up rose beyond the noise candle. It peaked in the afternoon, closing a bit under the highs but still positive by over 18% today.

BOSC

A gap up from near the hod fell on the noise candle, falling under the flat line and 6 for the short entry within 20 minutes. It survived a flat line challenge, then moved sideways along it until a weak close ended it down over 12% today.

Misses:

ZPPB

Possible short fake out here when a gap up near the hod fell out of the open and under the flat line. It hugged it all session, improving a bit late and into the close, which was up by over 2.5% today.

IQNT

Longs were faked out here unless they closed by lunch. A gap up rose steadily from and beyond the noise candle. Peaking near lunch, it fell all the way back to and under the flat line, ending red by over 4% today.

Push:

SGMO

Shorts fortunately were not likely faked out when a gap up rose from the noise candle and beyond, peaking late morning. Then it fell a bit, moved sideways and up a bit to end positive by over 5% today. No play.

KKR

A gap up from the lod prevented fake outs for prospective shorts. Moved essentially sideways, closing up over 1.5% today on a no play push lacking a trigger price.

PWRD

The hod was 12.10 itself, so it never triggered. It also fell from the noise candle and beyond, under the flat line, so longs were out. It recovered twice to to the flat line, but it held, closing down less than 0.5% today.

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

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