Wednesday, January 28, 2009

Gap and 123 pullback - GILD

123 setup

5 minute chart full day

(Double Click Picture for a Larger View)
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Stock:GILD
Entry Bar:18
Entry Green Line: 49.85
Stop Red Line: 49.65
Result: .34 to 1.53
Setup Grade
: B+
Notes: Nice pull back and hammer to the 30 minute outside range high. Scale as you go.

* 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