5 Minute Chart
(Double Click Picture for a Larger View)
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Stock:NEM
Entry Bar: 7
Time Frame: 5 using 1 minute charts
Entry Green Line: 56.37
Stop Red Line: 56.14
Result: Still running
Setup Grade: B+
Notes: Scale as you go and stop to entry..hold some until close....Great example of using the one minute charts to help time and confirm your entry. At least 3 times it banged on the 30 minute high.
Time Frame: 5 using 1 minute charts
Entry Green Line: 56.37
Stop Red Line: 56.14
Result: Still running
Setup Grade: B+
Notes: Scale as you go and stop to entry..hold some until close....Great example of using the one minute charts to help time and confirm your entry. At least 3 times it banged on the 30 minute high.
* 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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