Wednesday, June 6, 2012

15 Minute Breakout - NTRS....Shook Out

Daily Chart
 
15 Minute Chart
 
.
Stock:NTRS
Entry Bar: 2
Time Frame: 15 Minute
Entry Point: 41.60
Stop: 41.26 or could use 5 minute chart
Exit Goal: Trail with 15 minute candles or 42.40
Result: small loss
All or Nothing Result: ALL
Notes: Narrow range daily chart that has been extended downward. Nice setup on the 15 and was shook out missing a big win. It happens, its why we have rules. (see bar 3)

* All or Nothing means to place a trade, set a exit goal and a stop, and not to manage the trade unless it’s 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 & TD AMERITRADE