Friday, January 25, 2008

Gap Fade Short - QQQQ

5 Minute chart

Stock: QQQQ 5 minute chart
Entry: 45.61 SHORT
Stop: 45.88
Result: .43 to .55
Notes:
Nice candle, lots of room to go to the 5 & 20 EMA

* Feel free to post any trades you made today that you would like commented on

2 comments:

bl said...

On a fade day like today all one needs are some etf's and proshares.
Thanks for the blog work!

How I Day Trade said...

we actually had two this week where the chart and candle was screeming for a fade.

The dont set up this well often with the QQQQ but when they do jump all over them (and place your stop)

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