Friday, January 27, 2012

15 minute Inside Bar - RMD

Daily Chart

15 Minute Chart

5 Minute Chart

.

Stock: RMD

Entry Bar: 2

Time Frame: 15 Minute

Entry Point: 30

Stop: 29.77

Exit Goal: 30.45

Result:.45

All or Nothing Result: .45

Notes: Nice setup and only take this when supported by the 5 minute chart

* All or Nothing means to place a trade, set a exit goal and a stop, and not to manage the trade unless it’s the end of the day. Feel free to post any trades you made today that you would like commented on.

2 comments:

Anonymous said...

Nice trade !! I think your experience shows greatly in the kind of setups you play. I try and follow your business plan (very well written and helpful even for the novices like me...) but I think my biggest problem is I try and trade everything without looking at the quality of the setup for that stock. Once you have your watchlist of stocks in the morning do u use trade ideas to alert when a setup triggers or do u just periodically scan the watchlist every few minutes ? Thanks

Unknown said...

I was the same way.....patience is the greatest tool to learn. Eventually I got so tired of trading everything and losing that it just sunk in.

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