Sunday, July 12, 2009

2 minute 8SMA - DOV

2 minute setup

result and out

(Double Click Picture for a Larger View)
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Stock:DOV 2 minute chart
Entry Bar:9
Entry Green Line: 31.53
Stop Red Line: 31.43
Result: .31 and out
Setup Grade
: B
Notes: I only take these in the first 30 minutes of the day, I look for small narrow range bars. I get and out quickly. This one is from Friday. If I didn't hit my goal I would have got out on the bottom of the last down red bar.

* 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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