Wednesday, May 28, 2008

15 Min. Candlestick Breakout

15 minute chart

Stock: AMSC 15 minute chart
Entry Green Line: 33.01
Stop Red Line: 32.80
Result: 1.94 to 2.53
Setup Grade
: A-
Notes: nice 5 ema support and setup of green bar hammer (17th bar)

* 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