Thursday, December 11, 2008

Gap and 123 pullback - ARO

15 minute chart

5 minute chart

(Double Click Picture for a Larger View)
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Stock: ARO 5 minute chart
Entry Bar: 18
Entry Green Line: 15.51
Stop Red Line: 15.33
Result: break even to .29
Setup Grade
: B
Notes: Setup nicely on the 15 but was looking for a smaller bar. Found one on the 5 minute chart, with nice support from the 20 EMA. Scale out as you go, move stop to break even

* 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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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