5 minute chart
(Double Click Picture for a Larger View)
.
Stock: ES emini
Entry Bar: 11:50 AM
Time Frame: 5 minute
Entry Green Line: 1201.50
Stop Red Line: 1999.50
Result: out 1205 to 1207 area
Setup Grade: B+
Notes: Big gap up on the Daily Chart and break out of a trend. This is when i look for breakouts on an intra day chart with the 3 touch rule. Had room to run to price resistance at 1207. Nice support from 20SMA.
Time Frame: 5 minute
Entry Green Line: 1201.50
Stop Red Line: 1999.50
Result: out 1205 to 1207 area
Setup Grade: B+
Notes: Big gap up on the Daily Chart and break out of a trend. This is when i look for breakouts on an intra day chart with the 3 touch rule. Had room to run to price resistance at 1207. Nice support from 20SMA.
* 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