5 minute chart
Daily Chart
(Double Click Picture for a Larger View)
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Stock:RIG
Entry Bar: 13
Time Frame: 1 minute
Entry Green Line: 61.91
Stop Red Line: low of day or more aggressive 61.67
Result: .40 to 1.80
Setup Grade: B+
Notes: Playing the snap back on the daily chart. Use the one minute chart to time your entry, scale out and ride it.
Time Frame: 1 minute
Entry Green Line: 61.91
Stop Red Line: low of day or more aggressive 61.67
Result: .40 to 1.80
Setup Grade: B+
Notes: Playing the snap back on the daily chart. Use the one minute chart to time your entry, scale out and ride it.
* 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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