Friday, May 24, 2013

Trade review 5-24-13

I got some of them right on Friday...



A gap up rose initially, peaking in 15 minutes. Then it reversed and triggered short once it fell under the open. A slow burn down ensued with a weak finish to end south by at least 1% on Friday.


Another winning short after a gap down rose and greened after the noise candle, peaking in 15 minutes. It reversed and offered an entry after it fell under the open. A slow decline ended it south by overr 7% Friday.


A gap up moved sideways and consistently up soon after for entry long. Peaking not long before lunch, it fell a bit steadily, en route to a positive finish of almost 30% Friday.



A few early eager longs could have been fake out here when a gap up rose on the noise candle, then opened above the trigger on the next stick. It closed exactly on 4.53. Immediaterly it fell under the open and flat line, staying negative and finishing down by over 0.50% on Friday.


Fake out loss short likely here when a gap down rose briefly after the noise candle. It then decayed under the open and initial low for entry. Bottoming in 35 minutes, it reversed progressively to end up over 1.5%.



A gap down fell after the noise candle, denying longs entry. It rebounded but a flat line challenge held, and it continued to move underneath the gap line to close south by over 1.5% on Friday.


Another no play push when a flat debut from the hod failed to trigger long. It steadily declined most of the way, then advanced a bit the last 2 hours to end red by over 0.50% today.

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

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