Wednesday, July 17, 2013

Trade review 7-17-13

I got some plays correct today...

Hits:

RMTI

A modest win short when a gap up fell below the flat line after the noise candle for entry. This soon reversed and greened, but held the previous session high. Lunch saw moves under the gap line and debut, closing red by around 1% today and under the likely entrance price.

NES

A gap up fell after the noise candle and triggered under the flat line, for a fade. Bottoming early, it rose a bit, then moved sideways and a bit down into the close, red by over 2% today.

Misses:

APHB

A potential fake out short when a gap up fell after the noise candle for entry. Up and down sideways moves above the flat line ensued, and it ended up over 5% today.

FORM

An early fake out long possible after a gap up moved above the noise candle for entry and new annuals. It then fell fast under the flat line, mostly moving sideways, closing down in range of 1.5% today.

ENZN

A loss on commissions given likely entry and closing price details. A gap down greened early, triggering. This continued until lunch, when it moved sideways and down to close up over 2.5% today. Deceptive result!

UPL

A depressing loss by the numbers long when a gap up advanced and triggered early. It peaked late morning, then declined steadily, closing down a hair and weakly.

IMMU

Another fake out loss, this time short, when a gap up advanced on the noise candle, then fell under the open and flat line to trigger. It soon rebounded, greening. A weak close still ended up over 1.5% today.

Push:

None.
 
Totals:
Daily record: W-2-L-5-P-0
28% 

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