Thursday, May 20, 2010

30 Minute outside range breakdown - ORCL

5 minute chart

(Double Click Picture for a Larger View)
.
Stock:ORCL
Entry Bar:8
Time Frame: 5 minute chart

Entry Green Line: 22.64 SHORT
Stop Red Line
: 22.89
Result
: .08 to .24
Setup Grade
: B
Notes
: Weak weak market....small gainer off red break down bar, must be willing to scale out and take what the market gives you, shoot for singles ...favoring short is the play now

* 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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