Friday, July 12, 2013

Trade review 7-12-13

I got some of them right on Friday...

Hits:

SANB

A gap up near the hod moved sideways, then soon under the flat line. It continued to fall, ending south by over 12% Friday and yielding an early winning short.

BMIX

A gap up near the hod rose initially, then gradually fell to the flat line. It fell under after lunch, yielding a short. This price action continued until it ended south by over 3.5% Friday.

SIBE

Another winning short when a gap down debut slowly declined after the noise candle. It tested and held the flat line line later, then closed weakly enough and south by over 18% Friday.

CAAS

A winning short when a gap up fell hard from the noise candle, yielding an entry after that. A flat line challenge held, twice, and up and down moves led to a weak close, south by over 6% Friday.

Misses:

AFFX

A fake out loss long likely when a gap up fell initially then rose to trigger and green. It then moved up and down along the flat line, closing south by less than 0.50% on Friday.

WAVX

A possible loss long when a gap up rose on the noise candle above the trigger, with the follow up stick closing above it to, though it went nowhere. Then it fell hard and quick under the flat line, ending down after sideways moves by almost 15% Friday.

Push:

MTL

Save the noise candle, this gap down steadily declined, and potential longs never had a chance. It continued to fall, ending red by around 4% Friday.

Totals:
Daily record: W-4-L-2-P-1
66%  

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