Daily Chart
(Double Click Picture for a Larger View)
.
Stock:DNDN
Entry Bar: after 10:00 AM
Time Frame: 1 minute
Entry Green Line: 36.01
Stop Red Line: one of 3 places.
Result: up to 1.2
Setup Grade: B+
Notes: This is a trade a reader made...the 5 minute minute gap & go was a little extended on the 1 minute chart. He tracked the stock, using patience and discipline and saw a nice setup after the first 30 minutes. Waited for a break of the 36 whole number using the one minute chart to help time the entry. Could have used one of 3 places for a stop, depending on the risk factor.
Time Frame: 1 minute
Entry Green Line: 36.01
Stop Red Line: one of 3 places.
Result: up to 1.2
Setup Grade: B+
Notes: This is a trade a reader made...the 5 minute minute gap & go was a little extended on the 1 minute chart. He tracked the stock, using patience and discipline and saw a nice setup after the first 30 minutes. Waited for a break of the 36 whole number using the one minute chart to help time the entry. Could have used one of 3 places for a stop, depending on the risk factor.
* 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.
No comments:
Post a Comment