Wednesday, November 19, 2008

Gap & 123 Pullback - MFE

5 minute chart

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Stock: MFE 5 minute chart
Entry Bar: 12
Entry Green Line: 28.13 short
Stop Red Line: 28.46
Result: 1.09 to 1.29
Setup Grade
: B
Notes: scale as you go, nice resistance on the 200 ema

* 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