Happy Thanksgiving

Great No Trade

Daily Chart

5 Minute Chart

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Stock:NFG

Entry Bar: NO Trade
Time Frame: 5 minute
Entry Green Line: 22.99 short
Stop Red Line: 23.55
Result: NO TRADE
Setup Grade: B+
Notes:Gapping down near a support line and break point, under the 200 sma (purple line on daily chart). Would have entered if it broke its whole number 23. Many times I will wait if my entry point is near a whole number this can be support/resistance. Rather miss out on a small amount then get burned big.

* The setup grade is based on rules outlined in my business plan & not for the end result. Feel free to post any trades you made today that you would like commented on.

1 minute Chart Inside Bar Breakout - BRCD

1 Minute Chart

Daily Chart

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Stock:BRCD

Entry Bar: 2
Time Frame: one minute chart
Entry Green Line: 7.48 SHORT
Stop Red Line: 7.61
Result: .19 to .22
Setup Grade: B
Notes: Usually don't play with stocks in this price range but liked the daily chart. Scale as you go.

* The setup grade is based on rules outlined in my business plan & not for the end result. Feel free to post any trades you made today that you would like commented on.

1 minute Chart Inside Bar Breakout - WLP

One minute Chart

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Stock:WLP

Entry Bar: 3
Time Frame: one minute chart
Entry Green Line: 54.00
Stop Red Line: 53.78
Result: .36 to .50
Setup Grade: B+
Notes: Must be quick and control your exit and stop points. Scale as you go.

* The setup grade is based on rules outlined in my business plan & not for the end result. Feel free to post any trades you made today that you would like commented on.

Quote of the Week

Give me a stock clerk with a goal and I will give you a man who will make history. Give me a man without a goal, and I will give you a stock clerk.

- James Cash Penny (J.C. Penny Founder)