Tuesday, April 13, 2010

30 Minute Breakdown - DECK

Received this trade from a reader...this is from yesterday..Nice Trade

30 Minute Chart

Stock:DECK
Entry Bar: 9
Time Frame: 30 minute
Entry Green Line: 136.02
Stop Red Line: 136.78
Result: .76 to 1.52
Setup Grade: B+
Notes: Scaled out in three parts, 1R, 2R and 1.5R (as it retraced)..nice patience on this play and support from the moving average. Red candle a major plus. Even in a bull market you can make money shorting.

* 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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