5 minute chart entry
(Double Click Picture for a Larger View)
.
Stock:PBR
Entry Bar:2 Five minute chart
Entry Green Line: 30.84 SHORT
Stop Red Line: 31.12
Result: .05 to .25
Setup Grade: B
Notes: Due to wide range looking for an alternate stop placement using 2 minute chart. This presents more risk. Scale as you go, stop to entry where you would have been stopped out. Didn't run all day like the rest of the market. Small gainer.
Entry Green Line: 30.84 SHORT
Stop Red Line: 31.12
Result: .05 to .25
Setup Grade: B
Notes: Due to wide range looking for an alternate stop placement using 2 minute chart. This presents more risk. Scale as you go, stop to entry where you would have been stopped out. Didn't run all day like the rest of the market. Small gainer.
* 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.
No comments:
Post a Comment