Wednesday, May 15, 2013

Trade review 5-15-13

I got some plays correct on Wednesday...



Shorts won off a flat debut that panic dumped from the noise candle and beyond. It bottomed in 30 minutes or so and rose somewhat, closing south by around 14% today.


A gap up near the lod rose from the beginning to trigger long early, and kept rising. Ended up +2.5% today.


A flat open fell initially for entry short, then reversed, but the previous session high held, and it reversed and reddened. Bottominng near lunch, it rose a bit and moved sideways to end red by over 4% today.



Fake out short possible on early weakness that closed under 2.50. It held the flat line, then moved up and dipped a bit late, finishing positive by around 5% or so today. This would have been above likely entry.


Another fake out long possible when a flat debut fell on the noise candle, before rising and greening early with a trigger. It moved sideways a while, closing weakly and up less than 0.50% today. Commission loser.



A gap down from the lod rose from the noise candle and greened early, denying potential shorts any shot. It soon moved sideways the remainder, closing up around 24% today. No play push.


A gap down at the hod fell steadily all session, denying longs an entry. It bottomed with an hour remaining and climbed a bit, closing south by around 6.5% today. Another no play push.

Daily record: W-3-L-2-P-2

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