Friday, June 6, 2008

15 Minute Candlestick Breakdown - FXI

15 minute chart


Daily Chart


Stock: FXI 15 minute chart
Entry Green Line: 144.79 - short -
Stop Red Line: 145.48
Result: .54 to 1.11
Setup Grade
: A-
Notes: nice support from the 5ema, weak on the daily really trapped the bulls from the day before

* 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