Thursday, September 11, 2008

Gap Fade Long - QQQQ



(Double Click Picture for a Larger View)

Stock: QQQQ 5 minute chart
Entry Bar: 2
Entry Green Line: 42.32
Stop Red Line: 42.16
Result: .16 to 1.35
Setup Grade
: A-
Notes: Nice candle, hang on for the ride, scale as you. Sell at the gap, 200EMA or hold some all day.

* 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 & TD AMERITRADE