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Wednesday, April 29, 2009

Gap and Go 15 minute - MVL

15 minute chart

5 minute chart - stop placement

(Double Click Picture for a Larger View)
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Stock:MVL 15 minute chart
Entry Bar:2
Entry Green Line:30.12
Stop Red Line: 29.69
Result: .54 to .74
Setup Grade
: B+
Notes: scale as you go, nice setup on the 5 minute chart where you can also lay a stop. Let some run all day with a stop at entry. Still in trade

* The setup grade is based on rules outlined in my business 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.