Wednesday, January 6, 2010

One Minute Chart inside bar - CREE

One Minute Chart

Daily Chart breakout

(Double Click Picture for a Larger View)
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Stock:CREE
Entry Bar: 3
Time Frame: one minute

Entry Green Line:57.52
Stop Red Line: 57.21
Result: up to .82
Setup Grade
: B
Notes: Here is one I missed by the blink of my eye. 3 years ago I would have chased but you learn over time to maintain your discipline no matte how painful it feels to watch it run away. (missed money is better then lost money)

Nice break on the daily Chart and inside bar setup on the one minute chart. Again one minute charts are not for everyone. Must be quick to get in, scale out, and to set your stop.

* 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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