Tuesday, August 4, 2009

1 minute 8SMA - HGSI

1 minute chart

(Double Click Picture for a Larger View)
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Stock:HGSI 1 minute chart
Entry Bar: 34
Entry Green Line: 15.10
Stop Red Line: 15.03
Result: .46
Setup Grade
: B
Notes: I use a small risk stop and I am looking for a quick gain using a small stop. Will elaborate when I update my trading plan in a month or so with the when why and how. 1 and 2 minute charts are not for new traders and these setups don't fit everyone's personality. Some nice gap and goes today as well, take a look at WYNN.

* 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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