Wednesday, March 21, 2012

Gap Fade Short - ORCL

15 Minute Chart

5 Minute Chart

.



Stock:ORCL
Entry Bar: 2
Time Frame:  5 Minute
Entry Point: 30.83
Stop: 31.16
Exit Goal: 5 minute 20SMA and scale out
Result:30.32
All or Nothing Result: ALL
Notes: Big gap up and wasn't expecting total gap fill....but it did and much more later as you can see by the 15 minute chart.
* 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.

No comments:

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