5 minute chart - prior day consolidation
1 minute chart - Double Dynamite small hammer
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Stock: AFL
Entry Bar: 4
Time Frame: One Minute
Entry Green Line: 44.39
Stop Red Line: 44.17
Result: up to .54
Setup Grade: B+
Notes: Scale as you go and get your stop to even. Daily had a nice hammer and it consolidated the prior day (see 5 minute chart). Small gap and a double bar hammer set up...almost wedge like. As hold a little after getting stop to even to see if you can catch a nice gainer. In this case would have been stopped out but it ran later on.
Time Frame: One Minute
Entry Green Line: 44.39
Stop Red Line: 44.17
Result: up to .54
Setup Grade: B+
Notes: Scale as you go and get your stop to even. Daily had a nice hammer and it consolidated the prior day (see 5 minute chart). Small gap and a double bar hammer set up...almost wedge like. As hold a little after getting stop to even to see if you can catch a nice gainer. In this case would have been stopped out but it ran later on.
* 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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