Thursday, May 29, 2008

30 Min. Candlestick Breakout

30 Minute Chart

Daily Chart

Stock: NSC 30 minute chart
Entry Green Line: 65.70
Stop Red Line: 65.10
Result: 1.37 to 1.56
Setup Grade
: B+
Notes: Nice break on the daily, large stop and support from the 5 EMA

* 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