Friday, August 20, 2010

Gap and Go 10 minute - INTU

5 minute chart - Stop placement

Daily Chart

10 minute chart


(Double Click Picture for a Larger View)
.
Stock:INTU
Entry Bar: 3
Time Frame: 10 minute

Entry Green Line
: 42.20

Stop Red Line
: 41.75...using 5 minute chart
Result: up to 1.78
Setup Grade
: B+
Notes: exploding on the daily....nice bar on the 10 minute chart, used the 5 minute chart for a better stop placement. Scale as you go, hold some all 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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