2 minute 8SMA - DOV

2 minute setup

result and out

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Stock:DOV 2 minute chart

Entry Bar:9
Entry Green Line: 31.53
Stop Red Line: 31.43
Result: .31 and out
Setup Grade: B
Notes: I only take these in the first 30 minutes of the day, I look for small narrow range bars. I get and out quickly. This one is from Friday. If I didn't hit my goal I would have got out on the bottom of the last down red bar.

* 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.

2 Minute 8 SMA Short - OSG

2 minute chart

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Stock: OSG 2 minute chart

Entry Bar: 10
Entry Green Line: 31.03
Stop Red Line: 31.14
Result: out at plus .33
Setup Grade:
Notes: This is a setup I have been working with for some time. Its using a quick 2 minute time frame. For the setup I use a small risk stop and trail down following the 8SMA until my set price is met, usually around 1% of the stock price. I am looking for a quick gain and out with a small stop. Will elaborate when I update my trading plan in a month or so. 2 minute charts are not for new traders.

* 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.