Thursday, March 8, 2012

30 minute inside bar - CTXS

Daily Chart

30 Minute Chart

.

Stock:CTXS

Entry Bar: 3

Time Frame: 30 Minute

Entry Point: 74.24

Stop: 73.79

Exit Goal: 74.95 sell 3/4 and then trail remaining

Result:out 74.95

All or Nothing Result: All

Notes: Much like yesterdays setup...what I liked was the strong volume coming off a narrow range daily bar. Good pop to the upside.

* 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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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