Wednesday, June 16, 2010

1 minute chart gap Fade - FFIV

One Minute Chart

Daily Chart

(Double Click Picture for a Larger View)
.
Stock:FFIV
Entry Bar:6
Time Frame: one minute

Entry Green Line: 72.60
Stop Red Line
: 71.99
Result: 1.00 to 2.20
Setup Grade
: B+
Notes: Strong daily chart, nice consolidation at 5 minute high. Could use a tighter stop.....scale as go stop to entry.

* 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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