Friday, January 8, 2010

1 minute insidebar breakout - VECO

1 minute chart

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

Entry Green Line: 35.25
Stop Red Line: 35.05
Result: .69 to .85 or more if you held some longer.
Setup Grade
: A-
Notes: Scale as you go. This may look easy but they are not. Once in the trade you must first quickly place your stop, monitor your trade and scale as you go. One minute charts can whip around quickly. They don't always work out this way. This also set up on a 5 minute gap and go. Nice daily chart as well.

* 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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