Thursday, August 22, 2013

Trade review 8-22-13

I got some plays right on Thursday...



A great short when a gap up debut rose initially, and sported an afternoon fade under the open and flat line for entry. It fell hard into the finish, ending red by over 32% today.


A gap down open advanced after the noise candle to trigger in 20 minutes. It eventually closed up over 2.5% to win for longs.



A gap down rose to green initially, then fell under the flat line and open for entry short mid morning. It soon bottomed, and headed back up positive, where it remainded, faking sellers out.


A fake out loss long likely when a gap down rose after the noise candle to green and trigger. It peaked in 35 minutes, then fell steadily, going red for good. Ended down at least nearly 3% today.


Another fake out loss long likely when a gap up rose on the noise candle, reversed, then climbed again, this  time triggering. It slowly decayed late morning, ending up almost 1% today but under probable entry.



A huge gap up discouraged any entries, although it steadily declined, ending up over 13% due to the gapper.


A gap down fell from the noise candle and after to deny potential longs entry. It improved but kept under the flat line, en route to a down finish of over 1.5% today.

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

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