Tuesday, July 21, 2009

Gap Fade Short - X - nice daily chart setup

5 minute

Daily extended

(Double Click Picture for a Larger View)
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Stock:X
Entry Bar: 2
Entry Green Line:40.07 short
Stop Red Line: 41.61
Result: .57 got out didnt have time to manage past gap fill,
Setup Grade
: A-
Notes: overextend on the daily, nice first bar, out at gap fill...Doesnt get any better then this with the Daily chart.

* 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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