5 Minute Chart
Daily Chart
(Double Click Picture for a Larger View)
.
Stock:PLL
Entry Bar: 2
Time Frame: 5 minute chart
Entry Green Line: 39.90
Stop Red Line: 1 minute chart - 39.37 or 5 minute: 39.67
Result:
Setup Grade: B+
Notes: Nice break on the Daily Chart......Could use 3 places for a stop. 1) Low of first 5 minute bar.....2) Low of 2nd 5 minute bar (entry bar)....3) 1 minute chart
The smaller the stop the less shares to take.
Time Frame: 5 minute chart
Entry Green Line: 39.90
Stop Red Line: 1 minute chart - 39.37 or 5 minute: 39.67
Result:
Setup Grade: B+
Notes: Nice break on the Daily Chart......Could use 3 places for a stop. 1) Low of first 5 minute bar.....2) Low of 2nd 5 minute bar (entry bar)....3) 1 minute chart
The smaller the stop the less shares to take.
* 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