Friday, May 31, 2013

Trade review 5-31-13

I got some plays right on Friday...



A fine win short as a flat debut fell from the noise candle and beyond for entry. It bottomed in an hour and change, then moved sideways and a bit down, en route to a red finish of over 20.5% on Friday.


A very bare win long likely given the probable entry point when this gap down advanced from the noise candle and beyond. It peaked in 15 minutes then moved sideways, ending up over 5% Friday.



Fake out loss long likely off a gap up that fell on the noise candle, then went red to green and made new highs annually early on. It then fell to the flat line, hugging it and closing down nominally on Friday.


A fake out loss likely when a gap up open steadily climbed and triggered long. Peaking in 45 minutes, it slowly decayed, falling to and under the flat line. It recovered into the finish, which was below the entrance.


Fake out likely long when a gap up advanced early, triggering. It peaked in 25 minutes and reversed, heading down and under the flat line. Then it recovered a bit into the close, ending red nominally on Friday.



A no play push likely when a gap up fell from the noise candle and beyond, not triggering for longs. It bottomed near lunch, then rose a bit but still ended south by over 7.5% Friday.


Most potential shorts likely kept flat when this gap down filled and fell justa tad from there. It moved essentially sideways most all of the way, closing down around 0.50% Friday.

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

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