Set Up
Full day result - also presents 123 pullback to Outside range high
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Stock:KFT
Entry Bar: 9
Entry Green Line:26.81
Stop Red Line: 26.70
Result: even to .16 (1.6r)
Setup Grade: B+
Notes: Breaking out on the daily from its wedge. Scale as you go and get the stop to entry. I scaled out, moved my stop to entry and was stopped on my remaining shares. I reentered after 123 pullback hammer that formed at the 15 minute outside range. .07 risk.....scaled out at plus .10 and stop to even.
Entry Green Line:26.81
Stop Red Line: 26.70
Result: even to .16 (1.6r)
Setup Grade: B+
Notes: Breaking out on the daily from its wedge. Scale as you go and get the stop to entry. I scaled out, moved my stop to entry and was stopped on my remaining shares. I reentered after 123 pullback hammer that formed at the 15 minute outside range. .07 risk.....scaled out at plus .10 and stop to even.
* 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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