Thursday, August 19, 2010

E-Mini multiple resistance Short - ES

ES emini 5 minute chart

(Double Click Picture for a Larger View)
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Stock:ES Emini
Time Frame: 5 minute

Entry Green Line
: 1089 SHORT

Stop Red Line
: 1092
Result: +5 and +8
Setup Grade
: A-
Notes: Chart may be tough to read....4 levels of resistance: Pivot (purple line), 20 (light blue), 200 (red), and 600 (dark blue) SMA.............missed another 6 points but that's trading. The more support and resistance at a level the better your odds.

* 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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