I got some plays correct on Monday...
A winning fade when this gap down moved sideways initially, then below the opening for entry. It rebounded but held the previous session high easily, then decayed back down progressively, ending red by over 10%.
A possible bare win short when a gap up advanced on the noise candle, then fell back under the open and flat to trigger at 2.69. It bottomed in 30 minutes, then rose slowly to the flat line, closing weakly -2% today.
A win for longs when a gap up from the lod advanced from the noise candle and and beyond for entry. It peaked in 20 minutes, then retreated a bit, moving sideways. Closed strongly and up over 2.5% today.
A win for shorts off the trigger fail when a gap up near the hod slowly rose initially, before collapsing late morning under the open and flat line for entry. It soon rebounded but held the gap, closing weakly red by nearly 13% today.
A fake out loss likely when a gap up advanced past the noise candle triggering. Whereupon it immediately reversed under the open and flat line. It kept decaying, closing south by over 8.5% today.
Another fake out loss as this gap up advanced beyond the noise candle, triggering. It peaked in 20 minutes then steadily fell, going under the open, flat line and beyond. Ended down over 9% today.
A no play push lacking a trigger when a gap down from the hod fell from steadily after the noise candle. It finished south by over 9.5% today.
Daily record: W-4-L-2-P-1
New users: Read my trading guide for my play set-ups!
Review my blog at Investimonials:
Follow me now on Twitter:
Watch my instructional trading videos on YouTube:
Subscribe to Big T by e-mail:
Subscribe to Big T in a news reader:
The blog has a terms of service. Be sure to read it at: