Thursday, May 1, 2008

Gap Fade Short - RBC

5 Minute Chart


Daily Chart


Stock: RBC 5 minute chart
Entry Green Line: 42.07 SHORT
Stop Red Line: 42.51
Result: .10 to .37
Setup Grade
: A
Notes: Slamming into the Daily 200 EMA, Be sure you are scaling out.


* 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