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Wednesday, July 29, 2009

2 minute 8SMA - PG

2 minute chart

(Double Click Picture for a Larger View)
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Stock: PG
Entry Bar: 14
Entry Green Line: 56.01
Stop Red Line: 56.96
Result: .18 to .37
Setup Grade
: B+
Notes:I only take these in the first 30 minutes of the day, I look for small narrow range bars near specific points. I get and out quickly. I also have been using 1 minute charts as well.

* 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.