5 minute chart
(Double Click Picture for a Larger View)
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Stock:CNX
Entry Bar:2
Time Frame:5 minute chart
Entry Green Line: 42.13 SHORT
Stop Red Line: 42.56
Result: .51 to 1.03
Setup Grade: B
Notes: Hoping it would break its previous low on the daily...it didn't but still a gainer, but could have been caught with double bottom on the daily, so a riskier setup. Scale as you go. Like to hold some all day with stop at entry...would have had that portion stopped out.
Time Frame:5 minute chart
Entry Green Line: 42.13 SHORT
Stop Red Line: 42.56
Result: .51 to 1.03
Setup Grade: B
Notes: Hoping it would break its previous low on the daily...it didn't but still a gainer, but could have been caught with double bottom on the daily, so a riskier setup. Scale as you go. Like to hold some all day with stop at entry...would have had that portion stopped out.
* 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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