Thursday, April 26, 2012

15 Inside Bar - GMCR and OMC

15 Minute Chart GMCR
 

15 Minute Chart OMC
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Stock: GMCR and OMC
Entry Bar: 2
Time Frame: 15 Minute
Entry Point: 30 Minute High
Stop: Low of entry candle
Exit Goal: 1R or scale as you go
Result:
All or Nothing Result:
Notes: Here are two setups that played nicely. When there is a 10AM report (today 10AM home sales) Ill ofter wait a minute or two to see where the reaction of market is so I don't get in Long if the market does a complete dumping........or if short the market explodes upwards . What I liked about GMCR was its huge volume. With OMC was the previous day NR bar.

* 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