Friday, May 10, 2013

Trade review 5-10-13

I got some plays correct on Friday...



A winning short off a gap down from near the hod when it fell under the opening price. Up and down moves under the flat line ended south by over 12.5% on Friday.


Another winning short as a gap down rose initially, peaking early. It soon fell back under the open and flat line for entry. Continuing to move below the gap line, it closed down by over 13.5% Friday.


A winning long when a flat debut rose to trigger after initial sidways moves along the flat line. This peaked late morning, and gradually declined, but it ended up over 6% Friday and likely above entry.



A fake out loss likely when a gap up moved sideways initially, whereupon it fell under the flat line and open for entrance short. A reversal soon occurred, and it closed near the flat line to burn shorts.



A big gap down negated a good/safe short entry. Still, it rose initially and fell under the open soon after. More downside followed, and it ended down over 25% Friday. Any short logically entered likely won. Push.


A gap up advanced on the noise candle, but closed lower on the next stick and dumped on the follow up to redden. Longs not likely faked out with this price action. It moved sideways and south, ended down over 2% on Friday.


A no play push lacking a trigger. Gapping down, this moved sideways and down, ending red by over 3.5% on Friday.

Daily record: W-3-L-1-P-3

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