Friday, August 29, 2008

15 Minute Breakdown - KLAC

15 minute chart

Daily Chart

(Double Click Picture's for a Larger View)

Stock: KLAC 15 minute chart
Entry Bar: 6
Entry Green Line: 37.86 SHORT
Stop Red Line: 38.21
Result: .35 to .77... about 2R gain
Setup Grade
: B+
Notes: Nice strong break of the 15 minute low, scale or hold all day, move your stop to break even on 1R gain. The daily chart says it all.

* 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



3 comments:

QQQBall said...

KLAC vs RIMM... nt disimilar dumps on the daily charts?

i made some comments over at NRoo7... any comment on those?

happy holidays.

How I Day Trade said...

i left some comments at http://oonr7.blogspot.com/

As for RIMM it never presented a setup that fits my business plan. Also I only short stocks under their 200 Daily and only go long on stocks over their 200 Daily.

QQQBall said...

thanks -

nice job of coming home from vacation right in time for teh holiday weekend... ;)

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