Wednesday, June 10, 2009

Gap Fade Short - CHL

Daily gap up extended

5 minute chart

(Double Click Picture for a Larger View)
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Stock:CHL
Entry Bar:2
Entry Green Line: 53.15 SHORT
Stop Red Line: 53.60
Result: Any where from even to .98 depending on where you had your stop/ scale point
Setup Grade
: B+
Notes: Daily extended, nice candle, scale as you go and get that stop to entry

* 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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