5 Minute Chart
(Double Click Picture for a Larger View)
.
Stock: KLAC
Entry Bar:2
Time Frame: 5 minute
Entry Green Line: 28.24 SHORT
Stop Red Line: 28.73
Result: Small stop
Setup Grade: B-
Notes: This wasn't a very good setup from the get go. The trade still went my way but I missed trailed my stop by a penny. First there was support on the daily chart and should have passed. I jumped a little with the weak market and nice red opening bar. After scaling out I should have moved my top to 28.32. I typed in 28.30 by accident and was stopped out by a penny. Great example of double checking your orders. KLAC never once hit at 28.32 and traded as low as 27.70
Time Frame: 5 minute
Entry Green Line: 28.24 SHORT
Stop Red Line: 28.73
Result: Small stop
Setup Grade: B-
Notes: This wasn't a very good setup from the get go. The trade still went my way but I missed trailed my stop by a penny. First there was support on the daily chart and should have passed. I jumped a little with the weak market and nice red opening bar. After scaling out I should have moved my top to 28.32. I typed in 28.30 by accident and was stopped out by a penny. Great example of double checking your orders. KLAC never once hit at 28.32 and traded as low as 27.70
* 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.
No comments:
Post a Comment