Saturday, May 12, 2012

Wedge Buster - T

Daily Chart
 
5 Minute Chart
 
.
Stock: T
Entry Bar: 4
Time Frame: 5 Minute
Entry Point: 33.62
Stop: 33.50
Exit Goal: 33.95
Result:Scaled, moved stop to even and barely missed target
All or Nothing Result: Nothing
Notes: I really liked the break on the Daily chart. This is a higher risk higher reward trade. Goal was right before the whole # and just missed. Can take this on a break of the 3rd bar


* 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