Thursday, March 12, 2009

Gap and Go - GLD

5 Minute chart

(Double Click Picture for a Larger View)
.
Stock:GLD
Entry Bar:2
Entry Green Line:90.72
Stop Red Line: 90.45 (using 2 minute bar as a stop, .for less risk 90.13)
Result: .29 to
Setup Grade
: B
Notes: Gold running strong at the open, scale out as you go

* 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