Wednesday, September 15, 2010

Gap and Go - PLL

1 minute chart

5 Minute Chart

Daily Chart

(Double Click Picture for a Larger View)
.
Stock:PLL
Entry Bar: 2
Time Frame: 5 minute chart

Entry Green Line
: 39.90
Stop Red Line: 1 minute chart - 39.37 or 5 minute: 39.67
Result:
Setup Grade
: B+
Notes: Nice break on the Daily Chart......Could use 3 places for a stop. 1) Low of first 5 minute bar.....2) Low of 2nd 5 minute bar (entry bar)....3) 1 minute chart

The smaller the stop the less shares to take.

* 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