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Thursday, October 29, 2009

30 Minute Outside Range Breakout - LNC

5 minute chart

Daily Chart

(Double Click Picture for a Larger View)
.
Stock:LNC
Entry Bar: 21
Time Frame: 5 minute chart

Entry Green Line: 24.87
Stop Red Line: 24.69
Result:
Setup Grade
: A-
Notes: scanning my 30 minute charts and fell into this one. Nice setup as the daily chart was screaming for a rebound.

* 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.