Friday, November 27, 2009

Gap Fade - SSO

5 minute chart

(Double Click Picture for a Larger View)
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Stock: SSO
Entry Bar: 2
Time Frame: 5 minute

Entry Green Line: 36.19
Stop Red Line: 35.76
Result: .37 to .97
Setup Grade
: B+
Notes: Scale as you go. I like looking for these setups on big gaps on news. Was going to take the day off from trading until I saw the big gap so I hung around looking for a setup.

* 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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