Tuesday, August 20, 2013

Trade review 8-20-13

I got some plays right on Tuesday...

Hits:

ALVR

A winning short when a gap down fell under the open and initial low early for entry. It kept a slow decline the remainder, ending south by over 21.5% today.

IRM

A modest win long when a gap down fell after the noise candle, but rebounded to green and trigger early. It kept climbing slowly, en route to an up finish of close to 1% today.

Misses:

AMAP

A possible long fake out when a gap down rose slowly early to fill and green for entry. It peaked in 20 minutes, then decayed, going under the flat line and staying there, ending red by nearly 3% today.

MDRX

A gap up rose on the noise candle, fell and then rose again to trigger early for longs. It peaked before lunch, then slowly decayed, closing up over 0.50% today but under the probable entrance point. 

SPCBF

This flat debut hung around under the flat line before triggering in the afternoon for shorts. It closed on an upbeat so shorts lost a bit if they entered on the 1.20 fail.

Push:

NFEC

Shorts had no play when a gap down near the lod printed that on the noise candle, and slowly climbed until it exploded up, greening. It peaked in an hour, closing off the hod but still up overr 22.5% today.

WDDD

A no play push when a gap down rose to the flat line early, but could not get over 0.30 to trigger long. It hugged the flat line most of the way, closing down over 2.5% today.

Totals:
Daily record: W-2-L-3-P-2
40% 

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