Tuesday, April 29, 2008

30 minute OR Breakout - COP

5 minute chart

Stock: COP 5 minute chart
Entry Green Line: 85.08
Stop Red Line: 84.78
Result: .29 to .46
Setup Grade
: B+
Notes: nice break/support/ and setup and quick profit.

* 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...

Fantastic blog. I love your keep it simple philosophy, I have to start looking at the basics much closer, price, volume, setup, no fancy indicators.

How I Day Trade said...

Simple works, thank you

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