Result No follow through
(Double Click Picture for a Larger View)
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Stock:BKC 5 minute chart
Entry Bar: 4
Entry Green Line: 17.27 SHORT
Stop Red Line: 17.50 or conservative High of the day 18.01
Result: scratch trade to small loss depending on where you have your stop.
Setup Grade: B
Notes: Down day, weak stock all over the board, no follow through. Stick to your stop and come back another day with a small loss.
Entry Green Line: 17.27 SHORT
Stop Red Line: 17.50 or conservative High of the day 18.01
Result: scratch trade to small loss depending on where you have your stop.
Setup Grade: B
Notes: Down day, weak stock all over the board, no follow through. Stick to your stop and come back another day with a small loss.
* 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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