Thursday, May 23, 2013

Trade review 5-23-13

I got 1 play correct on Thursday...



A winning long when this gap down debut gradually rose to and over the flat line and open/initial high early. It kept going until it peaked a bit after lunch. Then it fell gradually, closing up in range of 2% today. 





A big gap down discouraged shorts. It moved sideways initially, then up to the flat line the remainderr, ending down not more than 2% or so today. No play.


No play short also on this gap down that fell on the noise candle, then rose after being unable to close under the initial low on the follow up stick. It hit the flat line and moved along it and a bit under en route to a red end of over 8.5% today.


Another big gap down discouraged entries short. It moved sideways early, then up. A flat line challenge held, and it ended almost unchanged. No play.


Yet another no play push, this time long when a gap down gradually rose to the flat line but just missed the trigger. It failed there and gradually decayed, closing south by over 4% today.


Up and down moves early off a gap down rose over the flat line but failed to trigger long. This price action continued until it closed down not more than 1.5% today. No play.


A no play push with this price action as a clear gap down rose on the noise candle and progressively beyond, closing up over 3% today. This denied shorts a play.

Daily record: W-1-L-0-P-6

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