Monday, May 24, 2010

Gap and Go short 15 minute chart - KR

5 minute chart

15 minute chart

(Double Click Picture for a Larger View)
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Stock:KR
Entry Bar: 2
Time Frame: 15 minute chart

Entry Green Line: 21.96 SHORT
Stop Red Line
: 22.21 or more aggressive 22.05
Result
: even to .14
Setup Grade
: B
Notes
: If you held your original stop you would have a nice gainer...either way scale as you and stop to entry. Missed money is better then lost money!! Can use the lower time frame to time your entry, see the 5 minute chart.

* 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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