Monday, February 2, 2009

30 minute outside range breakdown - CCJ

30 minute chart

(Double Click Picture for a Larger View)
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Stock:CCJ 30 minute chart
Entry Bar:8
Entry Green Line: 15.87 SHORT
Stop Red Line: 16.08
Result: .21 to .53
Setup Grade
: B
Notes:Little late in the day but weak like the market with bearish candle at outside range. Nice stop above the 5 EMA. Scale as you go, hold on a little to some shares to sell before the close with a stop at entry. (last part stopped out)

* 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