Wednesday, June 18, 2008

Sling Shot Long - JCP

15 minute chart

Stock: JCP 15 minute chart
Entry Green Line: 37.04
Stop Red Line: 36.60
Result: .09 to .33
Setup Grade
: A-
Notes: nice setup, ran out of gas, still a nice single if you scale 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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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