Tuesday, May 4, 2010

ADBE- one minute breakdown

1 minute chart

5 Minute chart

(Double Click Picture for a Larger View)
.
Stock:ADBE
Entry Bar: 7
Time Frame: 1 minute

Entry Green Line
: 32.76 SHORT

Stop Red Line
: 33.17
Result: .25 to .53
Setup Grade
:
Notes: Nice quick hitter and set up on the 1 minute chart. Scale as you go...you held this more then 10 minutes and all profits gone. Market was gaping down big at the open helping the momentum.

Little lite on the posting's lately, training for some long distance runs and sometimes your side hobbies fall by the way side.

* 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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