Wednesday, January 7, 2009

30 Minute Gap and Go Breakout - FDO

5 minute chart

(Double Click Picture for a Larger View)
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Stock:FDO
Entry Bar: 11
Entry Green Line:27.71
Stop Red Line: 27.51
Result: .51 to .78
Setup Grade
: B-
Notes:Entered before the break of the 30 minute high, but wanted in this stock, thought it would move higher with the market turning around but the market tanked. Still, scale as you go, get that stop to even and make some money.

* 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:

Anonymous said...

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Deborah

Term Life Insurance

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