Wednesday, February 4, 2009

Gap and Go - RIO

Daily Chart


5 minute chart

(Double Click Picture for a Larger View)
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Stock:RIO 5 minute chart
Entry Bar: 2
Entry Green Line: 15.43
Stop Red Line: 15.25
Result: .12 to .85
Setup Grade
: A-
Notes: Scale as you go, nice break on the daily. Let some run all day and sell at the close, this is about an hour into the trade.

* 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