Friday, September 5, 2008

Gap & Go Short - EXC

10 Minute Chart

5 Minute Chart - Stop Placement

(Double Click Picture for a Larger View)

Stock: EXC 10 minute chart
Entry Bar: 2
Entry Green Line: 68.07
Stop Red Line: 69.25
Result:
Setup Grade
: B+
Notes: Scale out let the rest run all day. Use a the stop on the 5 minute chart as it was above the 5ema.

* 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


No comments:

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