Tuesday, November 11, 2008

Gap & Go Short- MBT

5 minute chart


15 Minute Chart

(Double Click Picture for a Larger View)

Stock: MBT
Entry Bar: 2
Entry Green Line: 37.49 Short
Stop Red Line: 39
Result: Runs all day, scale as you go, monster gain
Setup Grade
: B+
Notes: This is one I missed but nice setup on 5 minute or 15 minute chart

* 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

1 comment:

bl said...

BTW, Ruussky stock exch halted: rsx wbd mbt vip all nice shorts!

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