Tuesday, February 17, 2009

Gap and Go Short 15 minute - COP

Daily Chart


5 Minute Chart

(Double Click Picture for a Larger View)
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Stock:COP 5 minute chart
Entry Bar: 5
Entry Green Line: 43.99 short
Stop Red Line: 14.15
Result: .16 to .48
Setup Grade
: B-
Notes:Breaking down on the daily, Market it just a mess. Scaling out you grab a nice profit and then stopped out at entry...just missing a big gainer as it dumped all day.

* 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