Monday, September 8, 2008

Gap Fade Short - QQQQ

5 Minute Chart

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Stock: QQQQ 5 minute chart
Entry Bar: Bar 2
Entry Green Line: 44.01 Short
Stop Red Line: 44.23
Result: .22 to 1.33 .... 3R plus
Setup Grade
: B
Notes: Gapping into the 200EMA, would prefer a red bar but liked the setup - scale out, move your stop to even and hold some until the close.

* 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.

Learn to trade gaps

1 comment:

QQQBall said...

that was the right "index" to short. nice trade.

SRS was a gap fade in teh other direction

;)

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