Tuesday, January 12, 2010

30 Minute Outside Range Breakout - PRGO

30 minute breakout

(Double Click Picture for a Larger View)
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Stock:PRGO
Entry Bar: 11
Time Frame: 5 minute

Entry Green Line: 40.38
Stop Red Line: 40.17 or more aggressive 40.27
Result:
Setup Grade
: B
Notes: Now this poped up on a scanner I run for a 5 minute gap and go. It set up for a nice 30 minute breakout with the 123 touch. Could have place your stop many places. Daily wasn't very promising but the previous day's hammer gave it a push. Scale out as you go let some ride all day

* 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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