Trades 26/11/13

DONT SHORT ON MORNING STRENGTH. NOT YET AT LEAST.  FOCUS ON LATE DAY FADERS.

DONT SHORT LOW VOL FADERS THEY TEND TO SPIKE OUT OF NOWHERE

FADERS WORK BETTER IN THE AFTERNOON

NO MORE WASHOUT SHORTS - BAD R/R AND THEY TOO TEND TO BE SPIKEY

GOT TO TAKE QUICK PROFITS - WAS UP $100 ON $ELTK, SHOULD HAVE TAKEN IT INSTEAD OF HOLDING FOR MORE

LOOK FOR GRINDERS IN THE FIRST HOUR - TO MAKE NEW HIGHS
FADERS IN THE AFTERNOON

Gappers: 3/4 (up)

$EFRDF $ALSO $LQMT for peanuts
$SAYI for a bit

Washouts: 0/5

$NUAN stopped out three times
$OME same setup 13.09 nlod risk in at 1320 1350 target flat
$VENT washout short, looks like fading; in 16.55 risk 16.75 target 16.25, 16 - spiked on me badly

Faders: 2/7 (down)

$BONT started strong, peaked at 17.75 shorted some 17.64 with a move to 17 target; not going in heavy as it's dried out and could spike easily; ... and that's exactly what happened; damage not too bad tried 4 times TOO EARLY AND ILLIQUID
$MBIS so very quickly for 10c; up 100% on the day down 50c from top but still was fading nicely so took the trade
$EDN up huge past few days, not huge vol $2M ... fading a little and under 8.75 level; 8.75+ risk, 8.5 reward; covered at 3.55 - perfect late afternoon fader
$LBMH up big few days - not perfect setup but tight stop nhod; in 3.57 stop 3.65 target 3.46
$NEON trying for a few cents - stopped out it did however drop

Shorts: 7/11 (up)

$GALE - using yesterday's high as a stop premarket, in 3.88 stop 3.95 3.76 target hit
$ARIA nice too not patient enough as wasnt perfect setup
$EDN too - all from w/l
$UVE 10.80 risk in at 10.70 ok that one was silly
$FTEK from watch didnt work on g/r small loss
$FTEK again - DO NOT SHORT ON MORNING STRENGTH, shame as it dropped after. If I do short morning strength at least respect the stops (as in be patient and dont bail unless stop been hit)
$UVE again with nhod risk 1095 in at 1085 1045 target failed badly
$DL from w/l good for $20 on g/r
$ELTK 2.25 basing took some 2.25 with break over 2.25 risk, target 2.11; up big past few days and was fading spiked on me lost $200
$ELTK again, this time it cracked and hit my initial target and then some. broke even ...
$ARIA again - 5.07 with 5.10 r/g being risk target 4.91 covered 4.95s

Grinders: 1/1

$MBIS nice grinder for a change 


This is a fade:

 This is not a fade: