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Wednesday, December 28, 2011

Gap and Go Short - PCG


Daily Chart



5 Minute Chart



(Double Click Picture for a Larger View)
.
Stock:PCG
Entry Bar: 2
Time Frame: 5 minute

Entry Point
: 40.98
Stop: 41.11
Exit Goal: 40.55

Result
:
Out 40.80 +.18......1.2R
All or Nothing Result: 40.83 End of day
Notes
: Like the gap down after several daily bars up. All or nothing was an out at end of the day.

* The setup grade is based on rules outlined in my business plan. All or Nothing means to place a trade, set a exit goal and a stop, and not to manage the trade unless its the end of the day. 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.