Wednesday, January 09, 2013

Trade review 1-9-13

I got some of them right today...

Hits:

FREE

A win for shorts off a gap down that rose on the noise candle, then fell slowly until lunch for the entry. Rising and sideways moves finished it out, but it ended down over 20% today and likely under the entrance point.

THLD

A win for longs when a gap up over the trigger near the lod advanced from the noise candle, whereupon it moved sideways much of the remainder, closing up over 4% in part due to the gapper. Modest gain likely.

Misses:

SVM

A few early longs could have been faked out when a flat open fell on the noise candle and rose right after. The 3rd candle triggered, but closed well under and negative. It continued to fall in the morning, then moved sideways the remainder, closing down in range of 1.5% today.

Push:

CYCCP

This went nowhere off a gap up that ended up over 1% today. A no play push indeed. Little volume printed.

TTNP

A nominal loss, with commissions especially, when a gap up almost dohi printed, going above the noise candle high early for the entry, which was similar in price to the close. Ended up over 1% due to the gapper.

NUSMF

Potential shorts evaded a fake out following my rules when a gap up open fell on the noise candle, then gradually rose, unable to make new lows. It hugged the flat line and rose into the finish, ending up +9.5%.

FIG

Potential shorts evaded a fake out here since this rose on the noise candle and really soared on the follow up. It fell all the way back to the open but held that level well, with no candle closing under that price. A move up into the close ended it north by almost 1.5% today. Another no play push.

Totals:
Daily record: W-2-L-1-P-4
66%   

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