Daily Chart
(Double Click Picture for a Larger View)
.
Stock:POT
Entry Bar: 2
Time Frame: 5 min
Entry Green Line: 146.85
Stop Red Line: 145.32
Result:
Setup Grade: B+
Notes: Scale out as you go....there are many ways to trail your trailing stop...low of last candle, support/resistance or a close below a moving average. Here I am trailing this trade with a close below the 20SMA on the 5 minute chart. Included is the pre market data. Still in the trade and room on the Daily to run...little risky after huge gap up the previous day but looking for more short covering. I will close out at the end of the day.
Time Frame: 5 min
Entry Green Line: 146.85
Stop Red Line: 145.32
Result:
Setup Grade: B+
Notes: Scale out as you go....there are many ways to trail your trailing stop...low of last candle, support/resistance or a close below a moving average. Here I am trailing this trade with a close below the 20SMA on the 5 minute chart. Included is the pre market data. Still in the trade and room on the Daily to run...little risky after huge gap up the previous day but looking for more short covering. I will 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.
No comments:
Post a Comment