Tuesday, April 3, 2012

Gap and Short 15 minute - NEM

Daily Chart
 

5 Minute Chart 

15 Minute Chart 
 
.
Stock: NEM
Entry Bar: 2
Time Frame: 15 Minute
Entry Point: 51.37 short
Stop: 52.16
Exit Goal: 50. 57
Result: out 50.57
All or Nothing Result: ALL
Notes: Weak daily and nice red bar on the 15 with 5 minute consolidation. Wide stop so 1-1 ratio. Can scale at whole #.

* 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