5 Minute Chart
(Double Click Picture for a Larger View)
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Stock:GD
Entry Bar: 2
Time Frame: 5 minute chart
Entry Green Line: 66.39 SHORT
Stop Red Line: 67.18 (or use one minute for more aggressive)
Result: .25 to .44
Setup Grade: B
Notes: Looking for a short with relativley weak as of late. Still must be careful shorting against resistance with the gap up. Scale out and quick single by trailing your stop to break even.
Time Frame: 5 minute chart
Entry Green Line: 66.39 SHORT
Stop Red Line: 67.18 (or use one minute for more aggressive)
Result: .25 to .44
Setup Grade: B
Notes: Looking for a short with relativley weak as of late. Still must be careful shorting against resistance with the gap up. Scale out and quick single by trailing your stop to break even.
* 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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