Thursday, February 16, 2012

30 Minute Breakout - BWA

Daily Chart

5 Minute Chart

.

Stock:TEX

Entry Bar: 10

Time Frame: 5 Minute

Entry Point: 25.00

Stop: 24.67

Exit Goal:25.95

Result: scaled out and sizzle to even

All or Nothing Result: about even

Notes:

* 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