Tuesday, February 10, 2009

Gap and Go Short 10 minute - HNZ

5 minute chart


10 Minute chart

(Double Click Picture for a Larger View)
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Stock:HNZ 10 minute chart
Entry Bar:2
Entry Green Line:35.68 short
Stop Red Line: 36.57 or 36.00 depending on risk
Result: .20 to .99
Setup Grade
: B+
Notes: Could have managed this several ways. Placed stop using 5 minute chart resulting in more risk or leave it at high of the day on the 10 Minute. Depending on your risk after a small scale out would have been stopped out at entry for a small gainer. If you didnt reach your first target for scaling and held to previous stop then nice gainer.

* 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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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