Wednesday, December 17, 2008

2 Trades - Short and Long

5 minute chart

(Double Click Picture for a Larger View)

.Stock: AAPL 5 minute chart
Entry Bar: 2 and 4
Setup Grade
:
Notes: 2 trades in one...Took the gap n go short on the 2nd bar, scaled as I went. When the green hammer formed I got out and went long. Scaled out, moved my stop to even where I was stopped out. Two quick trades.

* 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


2 comments:

Anonymous said...

i thought you might have traded BTU today? island top on the daily and drop down to the 15 minute.

barley said...

Thanks for the good read, I will definitely return for an update!

Trade Barter

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