Daily Chart
5 minute chart
(Double Click Picture for a Larger View)
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Stock: CLF
Entry Bar: 2
Time Frame: 15 minute
Entry Green Line: 59.01
Stop Red Line: 58.49
Result: .50 to 1.77
Setup Grade: B+
Notes: Breaking on the daily, nice consolidation on the 5. Scale as you go, can follow a stop using the 20SMA on the 5 minute chart. Close out at the end of the day.
Time Frame: 15 minute
Entry Green Line: 59.01
Stop Red Line: 58.49
Result: .50 to 1.77
Setup Grade: B+
Notes: Breaking on the daily, nice consolidation on the 5. Scale as you go, can follow a stop using the 20SMA on the 5 minute chart. Close out at the end of the day.
* 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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