Thursday, November 6, 2008

123 pullback - ICLR 30 minute chart


(Double Click Picture for a Larger View)

Stock: ICLR 30 Minute chart
Entry Bar: 5
Entry Green Line: 24.51
Stop Red Line: 24.35
Result: .16 to .58
Setup Grade
: A-
Notes: Like the setup to the 5ema. At 1r stop to even, would have been stopped after a small scale out.

* 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.

3 comments:

Anonymous said...

taking the trade onf the 4th bar at the 5MA is intresting on 30-min chart.

QQQBall

Anonymous said...

I enjoy your blog very much. However, can you elaborate on the money management method you employ when managing a trade? For example: (1) % capital risk per trade, (2) Setting of initial stop, (3) Moving stop to b/e, (3) Banking some profits, (4) Letting profits run.

Thanks, Ralph

Unknown said...

I mention all your questions in my business plan. Thank your for your comments.

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