Thursday, November 13, 2008

Double Dynamite - SYNA

15 Minute chart


30 minute chart

(Double Click Picture for a Larger View)

Stock: SYNA 15 minute bar
Entry Bar: 13
Entry Green Line: 19.99 short
Stop Red Line: 20.14
Result: .30 to 1.19, hold some till close and stopped at entry
Setup Grade
: B
Notes: I took the larger stop on the 30 minute. Scale out as you go, let the rest run all day with stop at entry. In this case scaled out 1/4, another 1/4 and last 1/2 stoped at even. Setup nicely on 30 as well.

* 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