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Stock:BRCM
Entry Bar: 2
Time Frame: 5 minute
Entry Green Line: Long: 28.81.....Short 28.41
Stop Red Line: Long: 28.61.........Short 28.91
Result: Long - Stopped out......Short .13 to .36
Setup Grade: B+
Notes: Huge Gap down, went long on the first candle and had my head ripped off as I was stopped. Whenever a green wide range bar is taken out on the next candle I may go the other way. Here it set up nicely as that red bar totally engulfed the green bar.
Time Frame: 5 minute
Entry Green Line: Long: 28.81.....Short 28.41
Stop Red Line: Long: 28.61.........Short 28.91
Result: Long - Stopped out......Short .13 to .36
Setup Grade: B+
Notes: Huge Gap down, went long on the first candle and had my head ripped off as I was stopped. Whenever a green wide range bar is taken out on the next candle I may go the other way. Here it set up nicely as that red bar totally engulfed the green 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.
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