Trade review 2-22-13

I got one play right on Friday...

Hits:

CBMX

A win for shorts when a gap down rose on the noise candle, then fell after for entry. It kept decaying until it ended down almost 22% on Friday.

Misses:

NVGN

Fake out short possible when a gap down fell early after the noise candle under the flat line and opening price level. It bottomed by lunch and closed strong, up over 11% on Friday.

RUTH 

Possible fake out of shorts when a gap up near the hod fell from the noise candle and closed under the open and flat line near lunch. Soon after it rose and greened for good, closing up over 1% on Friday.

CLRX

A fake out short possible when a gap up printed the hod on the noise candle, then moved down below the flat line and 4 most of the day, before it rose into the finish which ended unchanged.
 
Push:

CHTP 

A narrow win for shorts or a push likely when the gap down debut would have yielded an entry about a cent above the ending price. It kept falling for over an hour, then steadily climbed, ending red by over 2% Friday.

PRKR

After a gap down open and weak noise candle, the next one advanced but held the flat line. Moving sideways under the gap line all day, no entry for longs arrived. Closed down almost 5% on Friday.

AUQ

A flat open rose after the noise candle, but missed triggering. It then immediately fell back under the flat line for good, closing down over 1% on Friday. No play.

Totals:
Daily record: W-1-L-3-P-3
25% 

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