Wednesday, March 28, 2012

Gap and Go - FMCN short - 15 minute

Daily Chart
 

15 minute Chart
 

5 Minute Chart

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Stock: FMCN
Entry Bar: 2
Time Frame: 15 Minute
Entry Point: 27.24 short
Stop: 27.83 Conservative or using 5 minute chart 27.48 or 27.40
Exit Goal: 26.50 (play safe and scale some at Whole #)
Result:
All or Nothing Result: ALL
Notes: This was HTB but setup nicely. Breaking down on the Daily chart and can use the 5 minute charts to time a setup.
* 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