Monday, March 12, 2012

Gap Fade Short - SINA

Daily Chart

5 Minute Chart

.

Stock: SINA

Entry Bar: 2

Time Frame: 5 Minute

Entry Point: 79.45

Stop: 80.80

Exit Goal: half our at yesterday high 78.30 and then trail to gap fill

Result:Out 78.30 and trailed down

All or Nothing Result: All

Notes: Gapping up after several days up and a run up....down slopping 200 sma . These daily charts can be found a few times a week on pre market scans.

* 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