Monday, May 10, 2010

15 minute breakout - VCI

15 minute chart

5 minute chart

(Double Click Picture for a Larger View)
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Stock:VCI
Entry Bar:
Time Frame: 15 minute chart

Entry Green Line
: 33.01

Stop Red Line
: 32.84
Result
: .85 to 1.30..at least 6R
Setup Grade
:
Notes: Here is a trade from a reader. Sets up on both the 5 and 15 minute chart. Patience pays off waiting on this one. All about discipline. Sell some shares as it moves your way. Get that stop to even. What a crazy market we are seeing.

* 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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