Wednesday, April 22, 2009

30 Minute Candlestick Breakout - AAPL

30 minute chart

5 minute chart

(Double Click Picture for a Larger View)
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Stock:AAPL 30 minute chart
Entry Bar:2
Entry Green Line:124.51
Stop Red Line: 122.29 or more aggressive using 5 minute chart 123.22
Result: Still in trade stop at 123.76
Setup Grade
: B+
Notes: Market filled gap, AAPL is strong see volume, room to run on the daily. Consolidated on the 5 minute chart.

* 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