Wednesday, July 14, 2010

30 minute inside bar - EL

60 minute chart

30 minute chart

(Double Click Picture for a Larger View)
.
Stock:EL
Entry Bar: 3
Time Frame: 30

Entry Green Line: 63.86
Stop Red Line
: 63.61
Result:
Setup Grade
: B
Notes
: Nice setup and strong move on the daily chart (see 60 minute chart) Prior day congestion but like the hammer.

* 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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