15 Minute chart
5 minute chart
(Double Click Picture for a Larger View)
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Stock:CREE
Entry Bar:2
Time Frame: 15
Entry Green Line: 53.49 SHORT
Stop Red Line: 54.01
Result: up to .83
Setup Grade: B+
Notes: Ugly market and ugly daily chart. Scale out as the trade goes your way and move the stop to even. Made a little and then stopped out at the entry price. Nice setup just didn't the push down I was hoping for. Use the 5 minute chart to time entry.
Time Frame: 15
Entry Green Line: 53.49 SHORT
Stop Red Line: 54.01
Result: up to .83
Setup Grade: B+
Notes: Ugly market and ugly daily chart. Scale out as the trade goes your way and move the stop to even. Made a little and then stopped out at the entry price. Nice setup just didn't the push down I was hoping for. Use the 5 minute chart to time entry.
* 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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