I got a few picks right today...
Hits:
NEOM
A perfect call as this gap up very near the hod immediately plunged, going green to red early after the noise candle and just continued to decay, en route to a red finish of over 56.5% today.
Misses:
SUPG
This looks like a push, with a daily doji print, but most longs lost at least a small amount due to the price action. A gap up over the key level comprising the triple top advanced early. This did not last and fell back to around the open, then went sideways and closed weak to end where it began. A nominal gain due to the gap.
Push:
WAMKQ
A push as a gap down opened at the lod and just kept going, greening soon after and weakening only a bit at the close to end up over 8.5% today. Shorts never got a chance and it nearly retraced earlier highs.
FXCM
No surprises and no longs. Opening very near the hod, this began to fall right off the bat. It went green to red soon after, despite opening above 10. Subsequent rallies failed to retake the flat line, and it closed down over 1% today. I said to keep flat on such price action, so this was a no play push.
NEI
Just like FXCM another no play as this opened near the hod and dropped off right away. After a fast green to red from its gap up, it never regained the flat line. Closed down over 2.5% today. A no play push.
DDSS
Yet another no play when a clear gap down reached for the flat line after an early fill and immediately fell back, failing to green for an entry. I said no shorts. It kept fading most of the way en route to a negative finish of over 11% today.
BCON
Fortunately longs were not trapped as this opened on a gap up and printed the hod on the noise candle, after which it was all down hill until a flat line test that essentially held, then advanced to close up nearly 4.5% today. That was deceptive as the gap accounted for all of it as it closed lower than it opened. A no play push.
Totals:
Daily record: W-1 L-1-P-5
50%
New users: Read my trading guide for my play set-ups!
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Hits:
NEOM
A perfect call as this gap up very near the hod immediately plunged, going green to red early after the noise candle and just continued to decay, en route to a red finish of over 56.5% today.
Misses:
SUPG
This looks like a push, with a daily doji print, but most longs lost at least a small amount due to the price action. A gap up over the key level comprising the triple top advanced early. This did not last and fell back to around the open, then went sideways and closed weak to end where it began. A nominal gain due to the gap.
Push:
WAMKQ
A push as a gap down opened at the lod and just kept going, greening soon after and weakening only a bit at the close to end up over 8.5% today. Shorts never got a chance and it nearly retraced earlier highs.
FXCM
No surprises and no longs. Opening very near the hod, this began to fall right off the bat. It went green to red soon after, despite opening above 10. Subsequent rallies failed to retake the flat line, and it closed down over 1% today. I said to keep flat on such price action, so this was a no play push.
NEI
Just like FXCM another no play as this opened near the hod and dropped off right away. After a fast green to red from its gap up, it never regained the flat line. Closed down over 2.5% today. A no play push.
DDSS
Yet another no play when a clear gap down reached for the flat line after an early fill and immediately fell back, failing to green for an entry. I said no shorts. It kept fading most of the way en route to a negative finish of over 11% today.
BCON
Fortunately longs were not trapped as this opened on a gap up and printed the hod on the noise candle, after which it was all down hill until a flat line test that essentially held, then advanced to close up nearly 4.5% today. That was deceptive as the gap accounted for all of it as it closed lower than it opened. A no play push.
Totals:
Daily record: W-1 L-1-P-5
50%
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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