Monday, May 14, 2012

Wedge Buster 15 minute breakdown - AKAM

Daily Chart
 

15 Minute Chart
 
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Stock:AKAM
Entry Bar: 4
Time Frame: 15Minute
Entry Point: 30.49 Short
Stop: 30.67
Exit Goal: 30.05
Result: slight gain on stop out 30.31
All or Nothing Result: ALL
Notes: Week market, the daily is breaking down and want to clear the Hammer bar from a few days earlier.Missed my target by a damn tick, bounced up and I was stopped on the trail It latter rolled over. That is trading but stick to your discipline.


* 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