Thursday, January 7, 2010

30 Minute Outside Range Breakout - WLP

Daily Chart

5 minute Chart - entered at the break

(Double Click Picture for a Larger View)
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Stock:WLP
Entry Bar: 18
Time Frame: 5 minute

Entry Green Line: 62.75
Stop Red Line: 62.29
Result:
Setup Grade
: B+
Notes:Takin a few minutes ago, here is where I placed my stop. Went with the wider stop and will scale out as I go. Room to move on the Daily 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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