Tuesday, October 14, 2008

Gap Fade Short - QQQQ

5 minute chart

(Double Click Picture for a Larger View)

Stock: QQQQ 5 minute chart
Entry Bar: 2
Entry Green Line: 35.69
Stop Red Line: 36.01
Result: .69 to 1.80
Setup Grade
: B+
Notes: Way overbought, moved stop to whole # to get more of a risk/reward. Scale out hold some all day or move stop down with support/resistance levels.

* The setup grade is based on rules outlined in my business plan & not for the end result. Feel free to post any trades you made today that you would like commented on.







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