Thursday, December 26, 2013

Trade review 12-26-13

I got some plays correct on Thursday...

Hits:

TGRO

Nice short when this gap up moved up initially. It then went sideways and collapsed for entry before lunch. Bottoming during it, it  rebounded but still ended negative by over 15% today. 

IDIX

A winning long likely on the reversal to green after this gap up fell initially until an hour in. It moved along the flat line most of the way, closing strongly and up over 1.5% today.

Misses:

ARTX

A loss short on fake out via the 3.50 fail. This gap up fell red and dropped from the noise candle and after for entry. It bottomed in 15 minutes, then rose steadily, greening and ending up almost 3% today.

SSRI

A gap up rose on and after the noise candle to trigger early. It peaked in 30 minutes, falling back to the flat line by afternoon, closing strongly and up over 2% but probably under the entry point long.

Push:

ORMP

A win on paper, but a huge gap down discouraged shorts. It slowly decayed all session, en route to a down finish of over 21% today. No play.

AMSC

This fell from the hod, not quite triggering. It moved along the flat line most of the way, collapsing late and ending south by at least in range of 2% today. No play.

CHMT

A clear gap up fell steadily, never quite price triggering. It moved along the flat line from lunch on, then rose into the close, ending up less than 0.50% today. No play short, but almost.

Totals:
Daily record: W-2-L-2-P-3
50%   

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