5 Minute Chart
(Double Click Picture for a Larger View)
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Stock: Emini Es
Entry Bar:
Time Frame: 1 minute chart
Entry Green Line: 1163 - Short
Stop Red Line: 1164.50
Result: Up to 4.5 points
Setup Grade: A-
Notes: Scale out at +3....stop to even and let it run...remaining stopped out at entry. I liked the fast gap fill into the 200sma on the 5 minute chart...and the resistance of the previous days close. Found an opening on the 1 minute chart. I look for these on fast gap fills...especially weak markets.
Time Frame: 1 minute chart
Entry Green Line: 1163 - Short
Stop Red Line: 1164.50
Result: Up to 4.5 points
Setup Grade: A-
Notes: Scale out at +3....stop to even and let it run...remaining stopped out at entry. I liked the fast gap fill into the 200sma on the 5 minute chart...and the resistance of the previous days close. Found an opening on the 1 minute chart. I look for these on fast gap fills...especially weak markets.
* 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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