Thursday, April 24, 2008

Gap Fade Short - CAF

10 Minute Chart

Daily Chart

Stock: CAF 10 minute chart
Entry Green Line: 46.69 short
Stop Red Line: 47.27
Result: .69 to 1.09
Setup Grade
: B
Notes: Way extended after crashing into the 200 ema, candle a little off

* 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

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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