5 minute setup confirm
10 minute chart - entry
(Double Click Picture for a Larger View)
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Stock:DLTR
Entry Bar: 2
Entry Green Line: 36.25 SHORT
Stop Red Line: 36.87
Result: 1.14 to 2.10
Setup Grade: B+
Notes:Nice bar on the 10 minute with confirmation from the 5 minute chart. Large stop and so using the 2 minute chart gets a more realistic stop but makes the trade more riskier. Scale out save some till close with stop at entry.
Entry Green Line: 36.25 SHORT
Stop Red Line: 36.87
Result: 1.14 to 2.10
Setup Grade: B+
Notes:Nice bar on the 10 minute with confirmation from the 5 minute chart. Large stop and so using the 2 minute chart gets a more realistic stop but makes the trade more riskier. Scale out save some till close with stop at entry.
* 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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