Thursday, February 28, 2008

30 Min. Candlestick Breakout - HAL


Stock: HAL 30 minute chart
Entry Green Line: 38.74
Stop Red Line: 38.54
Result: .36 to .62
Setup Grade
: B+
Notes: Four times banging on its high with rising lows.


* Grade is according my rules for each setup outline in my business plan. The grade is for the setup not the end result.

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

10 comments:

Anonymous said...

Hello....great blog ! What software are you using for your charts ?

thanks................

Quentin

How I Day Trade said...

Street Smart Pro - Schwab

Mark said...

cool I took the same trade as well, great business plan and blog- helped me alot!!

anarco said...

Hi~
Nice trade!
Do you use Trade Ideas to find these ones.
Thanks in advance.

How I Day Trade said...

I used to use mainly TI but now I use Schwabs' software for the majority of my filters.

Anonymous said...

Schwab has decreased their commission cost to 8.95 from 9.95 for traders who trade over 120 trades a year.

Anonymous said...

What filters do you use in SSPRO, do you use own filter or use predefined filter.

How I Day Trade said...

I use my own filters through street smart pro, you can adjust them once you use their software - FYI there is no perfect scnanner. You still have to know how to filter through charts quickly. especialy in the first 30 minutes of the day.

Anonymous said...

Do you go through your scans, that you use with SSPRO, on your day trade manual.

How I Day Trade said...

I explain how I scan for stocks - again there is no perfect scanner - takes practice and patience to flip through charts to find your setup.

Disclaimer

I DO NOT MAKE RECOMMENDATIONS TO BUY OR SELL SECURITIES - I JUST POST TRADES I MAKE OR FIT THE RULES OF MY TRADING PLAN ON A DAILY BASIS. DO YOUR OWN DUE DILIGENCE - YOU ARE RESPONSIBLE FOR YOUR TRADES, INVESTMENTS, AND DECISIONS! ALL CHARTS COURTESY OF TRADESTATION, SCHWAb & TD AMERITRADE