Thursday, May 15, 2008

30 minute OR Breakout - BTU

5 minute chart


Daily chart


Stock: BTU 5 minute chart
Entry Green Line: 73.26
Stop Red Line: 72.76
Result: 1.49 to 1.70
Setup Grade
: A-
Notes: Very Nice break on the daily with support on the 5 and 20ema on the 5 minute chart. Could have taken a more conservative stop below the 20ema


* 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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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