Tuesday, December 16, 2008

Gap and Go - BBY

5 minute chart

(Double Click Picture for a Larger View)

.Stock: BBY 5 minute chart
Entry Bar: 2
Entry Green Line: 26.60
Stop Red Line: 25.99
Result: .06 to 1.11
Setup Grade
: B
Notes:I liked the volume and push placed my stop under the whole number. Scale as you go, hold some all day.

* 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