Friday, February 27, 2009

Wedge Buster - ATHN

5 Minute chart

Set Up

(Double Click Picture for a Larger View)
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Stock: ATHN 5 minute chart
Entry Bar: 4
Entry Green Line:29.64
Stop Red Line: 30.39
Result: .74 to 1.92
Setup Grade
: B
Notes: Scale as you go, larger stop so buy less shares. Would have been stopped out at even with remaining shares missing a nice gainer. It happens, all part of the game.

* 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.

Learn to trade gaps

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