Monday, April 30, 2012

15 Minute Breakdown - UNH

Daily Chart
 

15 Minute Chart
 

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Stock: UNH
Entry Bar: 4
Time Frame: 15 Minute
Entry Point: 56.45 short
Stop: 56.67
Exit Goal: 56.05
Result: yes
All or Nothing Result: All
Notes: week market and very heavy volume. I liked the red week candle signaling breakdown and wanted to wait until a candle closed below the low of two days ago 56.47 to jump in.

* 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