Wednesday, January 22, 2014

Trade review 1-22-14

I got some plays right on Wednesday...

Hits:

MNTR

A gap up from the hod fell from the noise candle for entry early short. It kept falling, moving sideways and ending down over 11% today.

KONE

A modest fade win off entry on candle 2. It kept falling, then a rebound greened a bit and reversed back under the gap line. Moving sideways, it finished down a bit less than 5% today.

NORX

Another win short as a gap down fell late morning under the flat line for entry. It kept decaying, ending down over 27% today.

FSPM

A gap up debut fell from the noise candle and entry at the start of candle 2 won for shorts. It moved mostly sideways the remainder, ending south by almost 12% today.

Misses:

IMUC

A fake out loss short quite possible on early weakness when this gap down fell after the noise candle. It kept diving, then rebounded somewhat and moved sideways and up, ending down over 9.5% today but just below or about equal to entry so it's a loser factoring in commissions.

Push:

NAT

A flat debut fell on the noise candle and after, discouraging longs. It rebounded to the flat line, then began to dive. A slow decline ended south by over 4% today.

WMIH

A no play push when this gap up moved sideways early, failing to trigger for longs. It then moved to the flat line, going sideways along it, ending down less than 0.50% today.

Totals:
Daily record: W-4-L-1-P-
80%  

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