Thursday, January 14, 2010

One Minute Chart Breakout - MTL

1 minute chart

(Double Click Picture for a Larger View)
.
Stock:MTL
Entry Bar: 10
Time Frame: One minute chart

Entry Green Line: 23.73
Stop Red Line: 23.49
Result: .25 to 1.00 plus depending on your scale out plan
Setup Grade
: B +
Notes: Scale as you go. These are not for beginners place those stops and scale out as it goes your way.

* 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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