Friday, October 30, 2009

Gap 123 Fade short - EL

5 minute chart

(Double Click Picture for a Larger View)
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Stock:EL
Entry Bar: 4
Time Frame:
5 minute

Entry Green Line: 44.02 short
Stop Red Line: 44.45
Result: .16 to .49
Setup Grade
: B
Notes: Huge gap up and it ran, red bar set up a short for a small winner. Sold off the rest of the day.

* 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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