Thursday, July 11, 2013

Trade review 7-11-13

I got some of them right this Thursday...



A big win short when a flat debut fell from the noise candle and beyond, yielding a short early on. It kept decaying, ending south by almost 27.5% today.


A gap up from the hod fell steadily from early on, yielding a short. It bottomed with an hour or so to go and rebounded a bit, but still closed south by over 15.5% today.



A clear gap down advanced after the noise candle, then retraced, going later morning under the open and initial low to fake out shorts. It gradually rebounded, staying negative and down almost 4.5% today. But this would have been above the probable entry point.



A gap up near the lod rose slowly all session, with the initial low holding. It closed up over 8% today and shorts had no play.


A gap up from the hod fell from the noise candle, going green to red fast and denying potential longs a play. It rebounded, but at stalled near the flat line and held the initial high, preventing fake outs. Then it steadily faded under the flat line, closing down over 2% today.


Most potential longs were not faked out with this price action. A gap up printed the hod on the noise candle. It then went nowhere on the follow up stick and did not take out the initial high, falling down to and below the flat line. This decay ensued the remainder, with it closing red by close to 1% today.


Again, price action here would have likely prevented potential long fake outs. A clear gap up fell from the noise candle and after, hitting the flat line. A couple moves up and down did not overtake the initial high, and it closed up less than 2% today. It never got back to the opening price, much less the hod, etc.

Daily record: W-2-L-1-P-4

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