Monday, November 22, 2010

15 minute Gap and Go

Daily Chart

15 Minute chart

5 minute chart

(Double Click Picture for a Larger View)
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Stock:DECK
Entry Bar:2
Time Frame: 15 minute chart

Entry Green Line
: 67.78

Stop Red Line
: 67.25 using 5 minute chart
Result: up to 1.20
Setup Grade
: B
Notes
:Strong daily and could be looked at as a little extended. Nice gap up, pull back and hammer off 5 and 15 minute 20sma. Scale out as you go. Nice pop

* 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