Thursday, February 11, 2010

E-Mini Fade off support levels

5 minute chart

(Double Click Picture for a Larger View)
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Stock: ES E-Mini
Entry Bar:3rd after open
Time Frame: 5 minute

Entry Green Line: 1060
Stop Red Line: 1057.25
Result: At least 5 to 7 points
Setup Grade
: B
Notes: Nice hammer off support levels. Depending how you played you could have scaled out and ridden a nice gainer all day. Always scale out as you go.

* 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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