Friday, August 30, 2013

Trade review 8-30-13

I got some of them right on Friday...



A gap up fell from the noise candle and after for entry short early on. It continued to decay, closing down over 28% on Friday.


A winning long when a gap down rose after initial sideways moves to green in less than 30 minutes for entry. It rose a bit more, mostly going sideways, en route to an up finish of over 3.5% Friday.



Although this flat debut did not crack 12, some shorts could have been faked out with its price action. It moved up a bit initially, but fell under the open and flat line after lunch. It recovered to the flat line to close down only a tad on Friday.



A no play push when a gap down gradually declined after the noise candle, not triggering long. It continued to decline, closing down over 4% on Friday.


Another no play push when a gap up from the hod fell from the noise candle, not going over the trigger at any time. It kept on declining, ending south by over 2.5% Friday.


Entry short not possible off this big gap up. It declined slowly most of the way after the noise candle, but still closed up 3% due to the gapper. No play.


Likely a no play off the clear gap up, which advanced from the noise candle and beyond early. Assuming perfect entry on candle 2 it's either a small win or push. Most longs would have exited before the close.

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

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