Monday, November 10, 2008

Gap & 123 Pullback - NEM

Daily chart

5 minute chart

(Double Click Picture for a Larger View)

Stock: NEM 5 minute chart
Entry Bar: 8
Entry Green Line: 27.33
Stop Red Line: 27.16
Result: .24 to .55
Setup Grade
: B-
Notes: whippy but nice support from the 5ema, room on the daily to go.

* 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