Wednesday, August 4, 2010

1 minute chart breakout - RIG

1 minute chart

Daily Chart

(Double Click Picture for a Larger View)
.
Stock:RIG
Entry Bar: 13
Time Frame:1 minute chart

Entry Green Line
: 52.52

Stop Red Line
: 51.87
Result:
Setup Grade
: B
Notes
: small break on the Daily, but nice early morning volume. Scale as you go, hold some all day and sell at the close.

* 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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