Thursday, May 31, 2012

15 Minute Breakdown - DISH

Daily Chart
 

15 Minute Chart

5 Minute Chart
 
.
Stock: DISH
Entry Bar: 2
Time Frame: 15 Minute
Entry Point: 28.19 SHORT
Stop: 28.30 on 5 minute or more conservative 28.57
Exit Goal: Scale out near whole # and try and ride
Result: scaled at 28.05
All or Nothing Result: all
Notes: NR bar on the weak daily chart. Weak Market but as we got closer to 131 on the SPY I was afraid of a market bounce. Could have gotten out at 27.81 by trailing with 15 minute candles.

* 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