Monday, May 4, 2009

30 Minute Outside Range Breakout - IBN

5 minute chart

Daily Chart

(Double Click Picture for a Larger View)
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Stock:IBN
Entry Bar: 7
Entry Green Line:22.21
Stop Red Line: 21.95 or more conservative 21.65
Result: .25 to 1.32
Setup Grade
: B+
Notes:Nice break on the daily, scale as you go let some run all day, sell at the close.

* 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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