One Minute Chart
(Double Click Picture for a Larger View)
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Stock:MAT
Entry Bar: 4
Time Frame: one minute chart
Entry Green Line: 20.70 short
Stop Red Line: 20.92
Result: .00 to .41
Setup Grade:
Notes: Daily extended, looking for signal to fade the opening gap. 3rd bar got a nice tail signal, scaled out, stop to even, then taken out. Great example of why you need to be quick on the trigger and know your rules. If not could have turned into a quick loser.
Time Frame: one minute chart
Entry Green Line: 20.70 short
Stop Red Line: 20.92
Result: .00 to .41
Setup Grade:
Notes: Daily extended, looking for signal to fade the opening gap. 3rd bar got a nice tail signal, scaled out, stop to even, then taken out. Great example of why you need to be quick on the trigger and know your rules. If not could have turned into a quick loser.
* 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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