Thursday, July 8, 2010

Gap Fade Short - TSCO

Daily Chart

5 minute chart

(Double Click Picture for a Larger View)
.
Stock:TSCO
Entry Bar: 3
Time Frame: 5 minute
Entry Green Line: 66.54 SHORT
Stop Red Line
: 67.03
Result
: .64 to 1.04
Setup Grade
: B+
Notes
: Gap up into a weak daily chart full of congestion. Nice red bar. Scale out and move stop to entry.

* 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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