5 minute chart
(Double Click Picture for a Larger View)
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Stock:FWLT
Entry Bar: 3
Time Frame: 5 minute chart
Entry Green Line: 27.77
Stop Red Line: 28.01
Result: up to .85
Setup Grade: B+
Notes: After large run up moved into resistance area...see daily chart. Filled the gap from back in Mid May. Scale out and watch out for move back up once it falls back to support.
Time Frame: 5 minute chart
Entry Green Line: 27.77
Stop Red Line: 28.01
Result: up to .85
Setup Grade: B+
Notes: After large run up moved into resistance area...see daily chart. Filled the gap from back in Mid May. Scale out and watch out for move back up once it falls back to support.
* 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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