Wednesday, April 30, 2008

15 Minute Candlestick Breakout - GFA

15 minute chart

Stock: GFA 15 minute chart
Entry Green Line: 38.79
Stop Red Line: 38.56
Result: .34 to .64
Setup Grade
: B
Notes: Huge gain later on if you held for a close below the 5EMA, still nice setup and gain.


* 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

2 comments:

Jtrend said...

If don't you mind me asking how to go about finding these fantastic setups. For instance Brazil stocks were strong today hence your beautiful setup in GFA, but how did you find this one.

Thanks

How I Day Trade said...

I scan for stocks pre market and during the market. I just keep flipping through charts to a see a potential setup. Its all in my business plan.

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