Wednesday, January 23, 2013

Trade review 1-23-13

I got a few plays right on this day...

Hits:

ONP

A gap up near the hod fell on the noise candle, then rose, but shortly fell back to and under the flat line for the entry. A gentle decline ensued, and it closed down in the area of 4% today.

WUHN

A gap down open near the hod fell from the noise candle and beyond, for the entry fade. 20 minutes in a small rise failed, and it resumed a slow steady decline, ending down over 55% today.

CORT

A 1 cent gap down went nowhere on the noise candle, then it zoomed and triggered on the follow up stick. Another entry arrived on the hold of 2 retreat. A steady rise followed, and it ended up 5.5% today.

Misses:

RIMM

An early trigger just after the noise candle could have faked some longs out from this gap down. Right after it fell back under the flat line and kept going steadily down. Closed south by in range of 3% today.

ODP

Shorts could have been faked out early when this gap up fell for several candles, going under the flat line and 4.50. Then it bounced along the flat line, closing up a tad and with commissions the entry is a loser slightly.

Push:

NG

A gap up did not fool longs when it printed the hod on the useless noise candle, which also closed south. Then it began a slow burn down, closing under the flat line and red by in range of 3% today.

CBB

This is arguably a win with commissions. It's at least a push. A gap up moved sideways for hours, breaking out and up after lunch for a possible long. It soon peaked, heading down to the flat line, where it ended positive by a bit less than 0.50% today. The likely entry was just under the close, so with commissions, split.

Totals:
Daily record: W-3-L-2-P-2
60%   

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