Monday, February 1, 2010

Wedge Buster - BIDU

5 minute chart

(Double Click Picture for a Larger View)
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Stock:BIDU
Entry Bar: 4
Time Frame:

Entry Green Line:423.01
Stop Red Line: 421.68
Result: 3.61 to 5.50
Setup Grade
: B
Notes: Didnt have the best daily chart but poped up my scanner when it crossed the previous days high during the first 5 minutes. Less shares and a larger stop. Scale out and hold some all day. Nice risk reward, market was strong as well to give it a push.

* 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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