Monday, September 29, 2008

Gap & Go Short - BG

5 minute chart

Daily Chart

(Double Click Picture for a Larger View)
Learn to trade gaps

Stock: BG 5 minute chart
Entry Bar: 2
Entry Green Line: 67
Stop Red Line: 69 even
Result: 3.29 to 9 points
Setup Grade
: B
Notes: Back sort of into the swing of things with the blog. The market has been like my past two weeks on the personal side. Another reason for traders to have rules and STICK by their rules, no matter your emotions you stick to your plan. This setup working well in this market as of late.
Usually with this big of a gap down would pass but it was ugly this AM.

* 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.

1 comment:

Anonymous said...

welcome back - nice trade

QQQBall

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