Wednesday, March 11, 2009

Gap and 123 Pullback - BBL

5 Minute Chart

(Double Click Picture for a Larger View)
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Stock:BBL
Entry Bar: 2
Entry Green Line: 35.83
Stop Red Line: 35.54
Result: .29 to 1.43
Setup Grade
: B-
Notes:Not exactly a 123 setup but nice hammer forms....room to run on the daily chart...and the market is very strong at the open...scale as you go...could have held some all day as this stock ran.

* 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