Thursday, November 13, 2008

Free Fall - SYNA

5 Minute Chart

(Double Click Picture for a Larger View)

Stock: SYNA 5 minute chart
Entry Bar: The green on dead middle of the page
Entry Green Line:19.06
Stop Red Line: 18.79
Result: .76 to 1.99 if you held some all day
Setup Grade
: A-
Notes: Nice volume increase, would have taken the trade if I wasnt already in it with a short (see prior trade). Thought about getting out, it was such a nice setup, but I always stick with the rules.

* 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

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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