15 Minute Chart
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Stock:STI
Entry Bar: 2
Time Frame: 15 minute
Entry Green Line:27.33
Stop Red Line: 28
Result: .23 to sell at end of day or stop to entry
Setup Grade: B
Notes: Big stop so buy less shares. I was looking to scale out at the 20SMA and then hold for the remaining of the day. Stop moved to entry. Nice gap after 'extended daily chart". When I fade I look for quick exits as you are technically fighting the trend.
Time Frame: 15 minute
Entry Green Line:27.33
Stop Red Line: 28
Result: .23 to sell at end of day or stop to entry
Setup Grade: B
Notes: Big stop so buy less shares. I was looking to scale out at the 20SMA and then hold for the remaining of the day. Stop moved to entry. Nice gap after 'extended daily chart". When I fade I look for quick exits as you are technically fighting the trend.
* 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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