Friday, May 30, 2008

30 Minute Outside Range Breakout - CTSH

5 minute chart


Setup on the 15 minute chart as well


Stock: CTSH 5 minute chart
Entry Green Line: 34.43
Stop Red Line: 34.26
Result: .70 to .82
Setup Grade
: B
Notes: May pass on the trade if the 15 minute chart didnt line up


* 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

3 comments:

Anonymous said...

I've been following your blog for a couple of weeks. Love your trading setups. Question for you: what kind of scanning software do you use to find these setups? Thank you for your time and for posting your trades.

How I Day Trade said...

thanks - street smart pro scanning software

How I Day Trade said...

PS - there is NO perfect scanning software, you still must scan out the potential trades and read a chart correctly.

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