Tuesday, May 29, 2012

Gap Fade Long - VRTX

Daily Chart
 
30 Minute Chart
 
.
Stock:VRTX
Entry Bar: 5
Time Frame: 30 Minute
Entry Point: 54.35
Stop: 53.43
Exit Goal: Looking for 1R to scale and trail the remaining 30 candles
Result:
All or Nothing Result: All
Notes: Usually this big of a gap I completely stay away. It set up very nicely on the 30 with very little retracement.

* 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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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