Wednesday, November 4, 2009

Gap and Go Short - CNW

1 minute chart

10 minute chart

(Double Click Picture for a Larger View)
.
Stock:CNI
Entry Bar: 2
Time Frame: 10 minute

Entry Green Line:30.99 short
Stop Red Line: 31.29 or 31.78 conservative
Result: 1.66 to 2.74
Setup Grade
: A-
Notes: Set up nicely with the one and five minute chart. Daily was a a winner. Will leave a picture of the Daily Chart on facebook. Scale as you go.

* 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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