Tuesday, April 14, 2009

Gap and Go 15 minute - MR

5 Minute Setup

15 Minute Chart

(Double Click Picture for a Larger View)
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Stock:MR
Entry Bar: 2 on 15 minute chart
Entry Green Line: 23.01
Stop Red Line: 22.49
Result: .82 to 1.44
Setup Grade
: B..not the best daily chart and lower volume
Notes: Depending on your risk tolerance could place your stop at 3 different places 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.

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