Sunday, January 05, 2014

Trade review 1-3-14

I got some picks correct on Friday...

Hits:

SOUL

A gap up fell from the noise candle and after for short entry. It soon moved sideways and red, en route to a down finish of almost 13% Friday.

ELMD

Another winning short off a gap down that fell from the open, soon moving sideways en route to a red end of over 2% Friday.

CHNR

A gap up steadily rose after a weak noise candle, yielding a long. It kept going, ending up over 116% Friday.

Misses:

SA

A loss long when a gap up advanced early for entry. It peaked by 30 minutes in, then reversed and fell red, closing down over 1.5% on Friday.

TTWO

A possible fake out loss long on trigger early. It peaked in 30 minutes, heading down steadily but ended up over 0.50% Friday. This would have been under the likely entry. Looks like a win, but not in actuality.

RDN

Up and down moves from a gap up debut that triggered early ended almost flat, faking out longs on the final price on Friday.

Push:

KWK

Potential longs avoided fake outs when this gap up closed under the open on the follow up stick to the noise candle. It then steadily fell, going red and moving sideways until finishing south by over 1.5% Friday.

Totals:
Daily record: W-3-L-3-P-1
50%    

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