Friday, May 03, 2013

Trade review 5-3-13

I got some picks right on Friday...



Shorts likely won here here once the gap up fell under the opening price. A slow decline followed, and it closed above the lows but still below the probable entry point on Friday.


A likely win long when a gap up advanced just after the noise candle for entry. This remained positive the remainder, peaking near lunch and closing positive by over 5% on Friday.


A narrow win short likely when a gap up moved along the flat line initially. It soon crossed below the open and flat line for entry. A slow decline ended south by almost 2% on Friday.



An early rise off a gap up debut led to a likely fake out long. It peaked in 15 minutes, then fell gradually to and under the flat line, closing down over 4% on Friday.


A fake out loss short likely with this price action. A gap up at the hod fell from the noise candle and beyond to trigger on the fall fail of 8.50. It bottomed in an hour, then rose to the flat line, closing on an up note and positive by over 2% on Friday.


Fake out short possible when a gap up near the lod fell from beyond the noise candle initially. It bottomed in 20 minutes, then rose steadily, closing north by almost 5% on Friday.



Price action discouraged shorts, when a gap up moved sideways and gradually north. It closed up around 5% on Friday.

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

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