Wednesday, December 3, 2008

Gap and Go Short - RIG

5 minute chart

(Double Click Picture for a Larger View)

Stock: RIG
Entry Bar: 5
Entry Green Line: 51.49 Short
Stop Red Line: 52.26
Result: .66 to 1.46
Setup Grade
: B
Notes: Took the short on a break of the low, scale as you go, move stop to entry.

* 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