Thursday, December 17, 2009

30 Minute Outside Range Breakdown - CDE

15 Minute Chart

(Double Click Picture for a Larger View)
.
Stock:CDE
Entry Bar: 8
Time Frame: 15 minute

Entry Green Line: 18.60 SHORT
Stop Red Line: 18.80 or more conservative 18.95
Result: .06 to .20
Setup Grade
: A-
Notes: Scale as you go, very weak market, big break down on the Daily. Could have caught a nice chunk on a gap and short 5 or 15 minute chart.

* 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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