Tuesday, June 30, 2009

30 Minute outside range breakdown - PCS

5 Minute chart

(Double Click Picture for a Larger View)
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Stock: PCS
Entry Bar: 7
Entry Green Line: 13.95 SHORT
Stop Red Line: 14.15
Result: using 20 sma to follow down,
Setup Grade
: B
Notes: Just ugly coming down with the market, liked the break of the 30 minute, the more conservative trail with the 20 sma - scale as you go.

* 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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