Wednesday, March 18, 2009

Wedge Buster - RMD

15 Minute Chart Setup



(Double Click Picture for a Larger View)
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Stock:RMD 15 minute chart
Entry Bar:4
Entry Green Line:33.76 (short)
Stop Red Line: 34.18
Result: .73 to 1.25
Setup Grade
: B+
Notes: Nice short setup on a strong day and I missed this trade, scale 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.

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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