Tuesday, April 14, 2009

Gap and Go 10 minute - GWW

5 Minute stop placement

10 Minute Chart

(Double Click Picture for a Larger View)
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Stock:GWW
Entry Bar:2
Entry Green Line:81.75
Stop Red Line: 80.75 using 5 minute chart
Result:
Setup Grade
: B, setup nicely on 5 minute chart, lots of room to run on the daily
Notes: Scale as you go, stop at even or sell at the end of the day - off to NY for the 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.

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