Monday, July 08, 2013

Trade review 7-8-13

I got some of these things right on Monday...



A modest win long likely when a flat debut rose on the noise candle and triggered on the next one, which retraced but essentially held the flat line and closed positive by over 1.5% today.


A decent win long after a flat debut rose on the candle following a nominally weak noise stick. It steadily rose after triggering and peaked around lunch. Moving sideways, a weak close was still up over 4% today.



Fake out long possible early when a gap up printed above the initial and annual high, then peaked and soon fell under the flat line. It moved sideways the remainder, closing south by over 1% today.


A gap down rose from early one, then fell under 9.50 twice, possibly faking out before lunch shorts. It rose a bit in the afternoon, closing up at least over 1% today.


A gap up debut fell steadily early and closed under the flat line and trigger in the morning, and barely in th afternoon. It hugged the gap line into the finish, ending up over 0.50% today. Shorts were likely faked out.



Longs not likely faked out when a gap up went nowhere on the noise candle, then the follow up one closed under the trigger near the flat line. It then dumped from there, closing down over 3% today.


No trigger short on this gap up that slowly rose all session, closing up almost 3% today. No play.

Daily record: W-2-L-3-P-2

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