I got a play correct today...
Hits:
RITT
A gap down failed just under 1.90 early for entry short. It bottomed in less than an hour, moved sideways and ended south over 10% today. Win.
Misses:
NTWK
Many longs would have lost on this gap up which triggered on candle 2. Then it moved sideways and ended up over 5% due to the gapper but that would have been a few cents under probable entry. Looks like a win on paper but it was actually a loser.
ARRY
Another looks like a win but was likely a loss given the price action. A gap up advanced on the noise candle, but the close on the follow up for entrance long was above the ending price after sideways moves followed. Finished up over 2.5% today.
Push:
TGRO
A move up slightly from the noise candle prevented shorts. It peaked late morning, moving sideways and ended up 7.5% today.
FREE
A gap up advanced from the lod and peaked in 50 minutes, denying shorts a chance. It then moved sideways, ending up over 9% today.
SOUL
A small gap up moved sideways in the initial 30 minutes, the flat line holding. It then began to rise, peaking late morning. Shorts never had a play here. It closed weakly but up almost 24% due to the gapper.
URG
Longs avoided fake outs via the price action on this gap up which featured a follow up stick to the noise one that closed just under its opening price. It then fell under the trigger on the next candle, steadily falling and going red. It closed down almost 1.5% today.
Totals:
Daily record: W-1-L-2-P-4
25%
New users: Read my trading guide for my play set-ups!
Review my blog at Investimonials:
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Watch my instructional trading videos on YouTube:
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The blog has a terms of service. Be sure to read it at:
http://traderbigt.blogspot.com/2010/02/please-read-my-terms-of-service-i.html
Hits:
RITT
A gap down failed just under 1.90 early for entry short. It bottomed in less than an hour, moved sideways and ended south over 10% today. Win.
Misses:
NTWK
Many longs would have lost on this gap up which triggered on candle 2. Then it moved sideways and ended up over 5% due to the gapper but that would have been a few cents under probable entry. Looks like a win on paper but it was actually a loser.
ARRY
Another looks like a win but was likely a loss given the price action. A gap up advanced on the noise candle, but the close on the follow up for entrance long was above the ending price after sideways moves followed. Finished up over 2.5% today.
Push:
TGRO
A move up slightly from the noise candle prevented shorts. It peaked late morning, moving sideways and ended up 7.5% today.
FREE
A gap up advanced from the lod and peaked in 50 minutes, denying shorts a chance. It then moved sideways, ending up over 9% today.
SOUL
A small gap up moved sideways in the initial 30 minutes, the flat line holding. It then began to rise, peaking late morning. Shorts never had a play here. It closed weakly but up almost 24% due to the gapper.
URG
Longs avoided fake outs via the price action on this gap up which featured a follow up stick to the noise one that closed just under its opening price. It then fell under the trigger on the next candle, steadily falling and going red. It closed down almost 1.5% today.
Totals:
Daily record: W-1-L-2-P-4
25%
New users: Read my trading guide for my play set-ups!
Review my blog at Investimonials:
Follow me now on Twitter:
Watch my instructional trading videos on YouTube:
Subscribe to Big T by e-mail:
Subscribe to Big T in a news reader:
The blog has a terms of service. Be sure to read it at:
http://traderbigt.blogspot.com/2010/02/please-read-my-terms-of-service-i.html
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