Tuesday, January 3, 2012

AVY - 5 minute inside bar

Daily Chart

5 Minute Chart

(Double Click Picture for a Larger View)

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Stock: AVY

Entry Bar: 2

Time Frame: 5 Minute

Entry Point: 29.79

Stop: 29.64

Exit Goal: 1/2 at whole # then manage

Result:1/2 at 29.95 rest stopped at entry

All or Nothing Result: same

Notes: Dont like these big market gap ups as its hard to judge whats really stronger then the market, liked this setup

* The setup grade is based on rules outlined in my business plan. 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.

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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