Monday, July 28, 2008

15 minute Breakdown - RSG

15 Minute Chart

(Double Click Picture for a Larger View)
Stock: RSG 15 minute chart
Entry Bar: 7
Entry Green Line: 32.14 Short
Stop Red Line: above the 4th bar - 32.27
Result: .33 to .54 - 1R plus if you are scaling out
Setup Grade
: B-
Notes: Stop above 200EMA to give it a little room, scale out as you go, would be stopped out of the remaining shares you held if you held till the close.

* The grade is for the setup outlined in my buseinss plan & not for 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