Friday, August 23, 2013

Trade review 8-23-13

I got a few plays right on Friday...

Hits:

HZNP 

A narrow win probable for longs when a gap down slowly rose and greened. It triggered by price in the afternoon, closing positive by over 3.5% Friday.

XIN

A winning long off a gap up debut that rose from the noise candle and after to trigger. A pull back survived the initial low and it steadily climbed, closing up over 6% Friday.

Misses:

BFR

A fake out long likely when a flat open rose initially to trigger within 30 minutes. It moved sideways, then down into the close, ending red over 0.50% on Friday.

Push:

PCXCQ

A fake out short likely avoided when a gap down advanced from the noise candle, greening. It peaked quick, then slowly decayed, but could not take out the initial low. Closed down over 3% Friday.

TSL

Most potential shortas kept flat and away from fake outs when a gap up fell on the noise candle, but moved sideways after, holding 9 after which it advanced up slowly. Ended north by almost 4.5% Friday.

SQNM

A gap up near the hod fell after sideways moves over and under the flat line. By lunch it fell red for good, closing down over 1% Friday. No fake out since it never triggered long by price.

AMRN

A push or small win likely long given correct entry on candle 2 after the noise one when this gap up rose fro the noise candle and after. It peaked in 20 minutes, then fell. Moving sideways and down the remainder, it closed up over 1.5% Friday.

Totals:
Daily record: W-2-L-1-P-4
66%   

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