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Monday, August 31, 2009

Gap and Go Short 10 minute - FSLR

10 minute chart

5 minute chart

(Double Click Picture for a Larger View)
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Stock:FSLR
Entry Bar: 2
Entry Green Line: 121.50 Short
Stop Red Line: 122.97
Result: 2.03 to 2.62
Setup Grade
: B
Notes:Setup on the 5 minute when the first bar was taken out. Scale as you go.

* 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.