I got a few picks right on this day...
Hits:
KERX
A big gap up fell after the noise candle under the open and low, for a possible short. A general fade ensued until after lunch when it moved sideways to finish up almost 7.5% today due to the gapper. A likely win.
JAMN
A perfect short that fell from the noise candle and after for the classic fade. It moved sideways from an hour in until close, which was negative by over 34.5% today. A win.
GTN
A 1 cent gap up fell from the noise candle printing the hod on it and steadily fell for the short when it dropped below the initial low early. It faded all session, closing south by over 5% today. Another win.
BGCP
A winning long when a gap up fell on the noise candle, then reversed strongly and triggered. This peaked around lunch. It moved sideways down and up into the finish ending north almost 4.5% today.
Misses:
WUHN
This finished unchanged but the price action equals loss, since early shorts could have bit on the gap down debut that fell for several minutes. It reversed, greening into lunch. Some down moves in the afternoon followed, but it likely ended under the entrance price short.
MGAM
After falling from the noise candle and early on moving under the flat line, this gap up went red to green after lunch, possibly snaring some longs. The entry likely was a bit above the close, so it's a loss. +1.32% today.
Push:
BTX
A flat debut printed the lod on the noise candle, and it never triggered. Soon it rose, peaking in 30 minutes and moved sideways the remainder above the flat line, closing north by over 1.5% today.
Totals:
Daily record: W-4-L-2-P-1
66%
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Hits:
KERX
A big gap up fell after the noise candle under the open and low, for a possible short. A general fade ensued until after lunch when it moved sideways to finish up almost 7.5% today due to the gapper. A likely win.
JAMN
A perfect short that fell from the noise candle and after for the classic fade. It moved sideways from an hour in until close, which was negative by over 34.5% today. A win.
GTN
A 1 cent gap up fell from the noise candle printing the hod on it and steadily fell for the short when it dropped below the initial low early. It faded all session, closing south by over 5% today. Another win.
BGCP
A winning long when a gap up fell on the noise candle, then reversed strongly and triggered. This peaked around lunch. It moved sideways down and up into the finish ending north almost 4.5% today.
Misses:
WUHN
This finished unchanged but the price action equals loss, since early shorts could have bit on the gap down debut that fell for several minutes. It reversed, greening into lunch. Some down moves in the afternoon followed, but it likely ended under the entrance price short.
MGAM
After falling from the noise candle and early on moving under the flat line, this gap up went red to green after lunch, possibly snaring some longs. The entry likely was a bit above the close, so it's a loss. +1.32% today.
Push:
BTX
A flat debut printed the lod on the noise candle, and it never triggered. Soon it rose, peaking in 30 minutes and moved sideways the remainder above the flat line, closing north by over 1.5% today.
Totals:
Daily record: W-4-L-2-P-1
66%
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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