Wednesday, July 31, 2013

Trade review 7-31-13

I got some plays right on Wednesday...



A winning afternoon fade short when a gap up fell on the noise candle, then reversed steadily. It peaked late morning, then fell relentlessly until it got under the open for entry. Some recovery, but ended red by over 7%.


A winning short off a flat open that moved sideways and down early from the noise candle for entry. It  bottomed late morning, recovered somewhat but ended red by almost 6% today. A modest win at least.


A clear win short off a gap up at the hod that fell from the noise candle. A gap up fell from the hod via the noise candle and beyond for entry. It kept up a gentle decline, en route to a red end of over 13% today.


A gap down fell from the noise candle and just after yielding a short. Then it reversed and even greened. It followed along the flat line most of the way, closing weakly and down almost 10.5% to win narrowly today.



A fake out loss likely when a big gap down rose initially, then fell. It crossed below the open for entry short, but bottomed soon after and gradually rose, ending up over 2% today and above the probable entrance.


A flat debut fell from the noise candle, then it rose a bit. A reversal sent it under the open for entry short. It bottomed late morning, then slowly climbed, closing down over 16% today.



A push likely for potential shorts when a gap up rose early, then returned to the flat line but did not close below the initial low. It moved up sharply, then sideways and green by over 22% today. No play.

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

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