Tuesday, May 07, 2013

Trade review 5-7-13

I got some plays correct on Tuesday...



A win for prospective shorts when a gap down fell after the noise candle for entry. It kept a slow fade up the remainder, ending south by over 16% today.


A gap up near the hod fell after the noise candle, yielding a short. A slow decline ensued the remainder, and it ended down over 6.5% today.


A gap up fell on the noise candle, then rose. Soon reversing, it fell under the open and flat line for entry short. Bottoming around lunch, it rose a bit but closed down around 2% today.



Fake out possible long on early upside after the noise candle yielded an entry. It soon reversed, and gradually fell under the open and flat line. Closed negative by over 1% today.


A fake out loss likely when a gap up advanced initially, then reversed. Falling under the flat line and open, it triggered for shorts. But it soon bottomed, reversed slowly and ended up nominally today.



A gap up doji printed on the noise candle, and follow up sticks were red and declining, so it's not likely longs were faked out with this price action. Soon it fell under the flat line and a return held it. A weak afternoon and close ended it south by almost 7% today.


A no play push lacking a trigger. This gap down could not make new highs after the noise candle, and it fell early. After bottoming, it moved sideways and a bit up, closing red by over 3% today.

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

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