Tuesday, June 04, 2013

Trade review 6-4-13

I got a few plays right on Tuesday...

Hits:

OSH

Nice short off a gap up that dumped right after the noise candle and beyond for entry. This continued foer 20 minutes, whereupon it moved sideways and a bit down, closing south by almost 18% today.

KKD 

A nominal win short off a gap down that rose from the noise candle. It soon fell back to and under the flat line, then 17 by lunch. It stayed negative, en route to a red finish of over 1% today and under 17 by enough.

DM

A win off a clear gap up that steadily advanced for entry long. It peaked in 35 minutes, then fell back to the flat line. That essentially held and it resumed climbing, lasting into the close, which was up by over 4.5%.

Misses:

LPTH

This looks like a win, but with the likely entrance point a loss is more probable, at least on commissions. It moved sideways and up just enough to finish south by almost 5.5% today.

Push:

ASCC

A big gap up advanced from the start, so shorts never had a play. Peaking in a bit less than an hour, it moved sideways and a bit down, en route to an up finish of almost 35% today.

CHTP

This fell from the noise candle steadily, so longs never had a play. Bottoming in over an hour, it slowly recovered all the way to the flat line, but could not close above it. Ended south by over 1.5% today.

EDR

A push likely off a gap up that fell from the noise candle, but rose over the flat line on the next, though it closed under the gap line too to deny longs an entry. It fell slowly the remainder, south by over 2% today.

Totals:
Daily record: W-3-L-1-P-3
75%  

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