5 minute chart
(Double Click Picture for a Larger View)
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Stock: X
Entry Bar: 2nd
Time Frame: 5 minute trade
Entry Green Line: 44.86 short
Stop Red Line: 45.60...could use one minute chart for better stop placement
Result: break even to .50
Setup Grade: B
Notes: Was looking short at the open and I was wrong, lucky this was a break even to minor win. Not the best daily chart but weak at the open. Scale as you go and stop to entry.
Time Frame: 5 minute trade
Entry Green Line: 44.86 short
Stop Red Line: 45.60...could use one minute chart for better stop placement
Result: break even to .50
Setup Grade: B
Notes: Was looking short at the open and I was wrong, lucky this was a break even to minor win. Not the best daily chart but weak at the open. Scale as you go and stop to 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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