Monday, June 11, 2012

SPY Opening Gap Fade

Daily Chart
 
5 Minute Chart
 
.
Stock: SPY
Entry Bar: 2
Time Frame:  5 Minute
Entry Point: 133.69 SHORT
Stop: High of day
Exit Goal: scale out at gap fill and could ride
Result: .60
All or Nothing Result: gap fill yes
Notes:Had a run on the Daily Chart, Gap up and nice red 5 minute bar. Didnt see what happen all day, WOW, but solid setup. Can use on ES futures as well.

* 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.

1 comment:

Anonymous said...

glad to see you're back, i'll enjoy reviewing your trades again. Thanks.

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