Wednesday, November 10, 2010

Gap Fade - CIG

Weekly Chart

Daily Chart

5 minute chart

(Double Click Picture for a Larger View)
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Stock:CIG
Entry Bar: 2
Time Frame: 5 minute chart
Entry Green Line: 18.09 SHORT
Stop Red Line
: 18.20
Result
: up to .38
Setup Grade
: B+
Notes
: Weak market at the open. Stocking gapping at the open but into major confluence on the Weekly Chart. Daily had been strong and pulling back, when you peak over at the weekly chart you see at a near a top. Red bar is the signal and go. Goal is near the open, scale out as you go.

* 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.

1 comment:

bl said...

Nice. Was on my WL. Strong $UsD at the open maybe CIG sell off too.

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