Monday, February 04, 2013

Trade review 2-4-13

I got all plays with clear entries right on this day...

Hits:

KERX

A gap up open rose initially, then fell under the open and immediate low for the entry fade. It kept gently declining the remainder, going under the flat line and ending south by over 7.5% today. Shorts won.

WUHN

A gap down near the hod moved sideways out of the open, falling under it early for the entry short. A gentle decline ensued the remainder, closing near lows down over 13% to win for sellers.

RTIX

An entry short near lunch when this gap down traded under the open closing at 4.92 on that stick. A bigger fall ensued, then it rose to the flat line and original high, but both held, preventing stop outs. A weak close followed, finishing south by nearly 1.5% today. A modest win for fades.

Misses:

None.

Push:

ABIO

A gap down open rose from the noise candle and beyond, then fell back to but could not take out the initial lows. It promptly greened, then fell back under the flat line but the lows held. A no play push for shorts who had not effective entry according to my rules.

MJNA

Another no play push when a clear gap up rose out of the open near the lod. After an up noise candle, the low held and it slowly climbed until lunch. A slow fade ensued to the end, still green by over 38% today.

OMCL

A clear gap down near the lod did not ever green and moved in a straight line all session, closing down almost 2% due to the gapper, failing to provide longs with an entry. Another no play push, no more highs.

BBVA

No play for potential longs when this gap down moved sideways out the open, soon decaying and bottoming near lunch. It moved sideways the remainder, closing south by nearly 6% today. Push.

Totals:
Daily record: W-3-L-0-P-4
100% 

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