Thursday, January 23, 2014

Trade review 1-23-14

I got a few plays right on Thursday...

Hits:

MNTR

A win short off a gap down debut that fell from the noise candle and after for entry. It kept a slow decay, ending down over 27% today.

CTSO

A gap up rose initially, then reversed to yield a fade. Late morning it bottomed and rose, holding under the flat line, moving sideways to end south by over 14.5% today. This was under the likely entrance price.

Misses:

FSPM

Probable fake out loss off a flat debut fell under the open after the noise candle for entry. It bottomed late morning and rose steadily, ending down over 2% today, which was probably under the entrance price.

KOOL

A gap down fell after the noise candle for early entry short. It reversed, heading back over the flat line, then moved sideways along it, ending up over 4.5% today.

ETAK

A possible fake out long when this gap down moved sideways, then rose to green around lunch. It faded in the afternoon, ending down over 4.5% today.

PVCT

A fake out long likely on early upside that reversed late morning. It fell red, kept going, and ended south by over 64% today.

Push:

XCO

Price action avoided fake out longs. A gap up did not rise on the noise candle and the follow up dropped like a stone. It fell red then continued, ending down over 3% today.

Totals:
Daily record: W-2-L-4-P-1
33%  

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