Thursday, July 22, 2010

E-Mini Breakout - ES

Emini ES - 5 minute chart plus Pre market

(Double Click Picture for a Larger View)
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Stock:Emini ES
Entry Bar: 9:35 ...2nd bar
Time Frame: 5 minute chart

Entry Green Line
: 1079.25

Stop Red Line
: 1075.25
Result
: 8 to 10 points
Setup Grade
: B+
Notes
: This is using pre-market data.....banging up on the 1079 area several times with a rising 20sma....after a gap up. I would have taken this after the break at open if I had picked up on the setup. Oh well it happens, missed money is better then lost money.

* 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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