Wednesday, April 28, 2010

Gap and Go Short- SRE

5 minute chart

Daily Chart

(Double Click Picture for a Larger View)
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Stock: SRE
Entry Bar: 2
Time Frame: 5 minute

Entry Green Line
: 48.33 SHORT

Stop Red Line
: 49.39
Result: 1.00 to 1.17
Setup Grade
: B
Notes
: Going a little against the grain but was leaning gap fill on the entire market. Wide stop/less shares. Scale as you go. Wanted to get short under 48.72 on the daily. If you held a little all day would have been stopped out at your entry......still nice gainer.

* 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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