Monday, November 8, 2010

Gap Fade - FWLT

Daily Chart

5 minute chart

(Double Click Picture for a Larger View)
.
Stock:FWLT
Entry Bar: 3
Time Frame: 5 minute chart

Entry Green Line
: 27.77

Stop Red Line
: 28.01
Result: up to .85
Setup Grade
: B+
Notes: After large run up moved into resistance area...see daily chart. Filled the gap from back in Mid May. Scale out and watch out for move back up once it falls back to support.

* 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:

day trading tips india said...

I really appreciate these charts and i want to thank to for sharing.

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