Monday, March 5, 2012

30 Minute Breakout - ACN

Daily Chart

5 Minute Chart

.

Stock:ACN

Entry Bar: 10:03

Time Frame: 1 Minute

Entry Point: 59.92

Stop: tight under 59.83 or 59.67 for a wider stop

Exit Goal: 3-1 or 1.5-1 for wider stop

Result: 60.22

All or Nothing Result: All

Notes: Here is a way using the one minute chart to time your entry. I call it the 3 touch rule.

* 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