5 minute chart
(Double Click Picture for a Larger View)
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Stock:TTM
Entry Bar: 4
Time Frame: 5 minute chart
Entry Green Line: 21.51
Stop Red Line: 21.35
Result: up to .14
Setup Grade: C
Notes: Great example of two nice double dynamite bars but I would pass. First the market gaped down and was very bearish. 2nd the daily chart is overextended (see chart). If entered would have waited for .50 to break. Could have possible scaled a small gainer but either way the market and daily chart are fighting you so Id pass.
Time Frame: 5 minute chart
Entry Green Line: 21.51
Stop Red Line: 21.35
Result: up to .14
Setup Grade: C
Notes: Great example of two nice double dynamite bars but I would pass. First the market gaped down and was very bearish. 2nd the daily chart is overextended (see chart). If entered would have waited for .50 to break. Could have possible scaled a small gainer but either way the market and daily chart are fighting you so Id pass.
* 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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