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Monday, October 18, 2010

ES emini end of day breakout


(Double Click Picture for a Larger View)
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Stock:Emini ES
Entry Bar: 2:15 PM
Time Frame: 5 minute

Entry Green Line
: 1777

Stop Red Line
: 1775
Result: up to 5.5 or sell at 4:00 pm
Setup Grade
: A-
Notes: Small risk..... Stronger of the two indexes, was looking for a run at the end of the day after a tight two hour consolidation. Nice support from 20sma....Markets still in an uptrend.

* 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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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.