30 minute chart
(Double Click Picture for a Larger View)
Stock: SYNA 15 minute bar
Entry Bar: 13
Entry Green Line: 19.99 short
Stop Red Line: 20.14
Result: .30 to 1.19, hold some till close and stopped at entry
Setup Grade: B
Notes: I took the larger stop on the 30 minute. Scale out as you go, let the rest run all day with stop at entry. In this case scaled out 1/4, another 1/4 and last 1/2 stoped at even. Setup nicely on 30 as well.
Entry Green Line: 19.99 short
Stop Red Line: 20.14
Result: .30 to 1.19, hold some till close and stopped at entry
Setup Grade: B
Notes: I took the larger stop on the 30 minute. Scale out as you go, let the rest run all day with stop at entry. In this case scaled out 1/4, another 1/4 and last 1/2 stoped at even. Setup nicely on 30 as well.
* 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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