Tuesday, January 20, 2009

Wedge Buster - RL

5 Minute Chart

(Double Click Picture for a Larger View)
.
Stock:RL
Entry Bar: 4
Entry Green Line:38.11
Stop Red Line: 38.61
Result: .31 to 1.31
Setup Grade
: B+
Notes: Scale as you go, dont get greedy, hold some to run all do with a stop at 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