Thursday, June 19, 2008

Gap & Go SHORT - CI

5 minute chart


Stock: CI 5 minute chart
Entry Green Line: 37.79 short
Stop Red Line: 38.35
Result: .53 to .74
Setup Grade
: A-
Notes:

Here is a Gap Fade Long - same day - nice setup that shows the importance of scaling out, if your not being greedy, you would have made a single on this trade - scale out as you go take what mouther market offers.


* 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