30 Minute Candlestick Breakdown - MT

Daily Chart

30 Minute Chart

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Stock:MT

Entry Bar: 4
Time Frame: 30 minute
Entry Green Line:27.99 SHORT
Stop Red Line: 28.37
Result:.19 to .64
Setup Grade: B
Notes: Here is a setup from Friday for longer time frames.Scale hold some all day.

* 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.

30 Minute outside range breakdown - ORCL

5 minute chart

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Stock:ORCL

Entry Bar:8
Time Frame: 5 minute chart
Entry Green Line: 22.64 SHORT
Stop Red Line: 22.89
Result: .08 to .24
Setup Grade: B
Notes: Weak weak market....small gainer off red break down bar, must be willing to scale out and take what the market gives you, shoot for singles ...favoring short is the play now

* 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.

30 Minute outside range breakdown - COV

5 minute chart

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Stock: COV

Entry Bar: 7
Time Frame: 5 minute
Entry Green Line:43.93 SHORT
Stop Red Line: 44.20
Result: .58 to .89
Setup Grade: A-
Notes: Nice bar break of the 30 minute low...scale out as you go on this weak market...

* 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.

30 Minute Breakdown - DECK

Received this trade from a reader...this is from yesterday..Nice Trade

30 Minute Chart

Stock:DECK

Entry Bar: 9
Time Frame: 30 minute
Entry Green Line: 136.02
Stop Red Line: 136.78
Result: .76 to 1.52
Setup Grade: B+
Notes: Scaled out in three parts, 1R, 2R and 1.5R (as it retraced)..nice patience on this play and support from the moving average. Red candle a major plus. Even in a bull market you can make money shorting.

* 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.

15 Minute chart breakdown - CTAS

1 minute chart

15 Minute Chart - 2 day chart

Daily Chart

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Stock:CTAS

Entry Bar:3
Time Frame: 15 minute chart
Entry Green Line:25.74 SHORT
Stop Red Line: 26
Result: .21 to .59
Setup Grade: B+
Notes: Nice trend on the 20SMA, Stop above the 20 SMA on the 15 minute breakdown.. One minute chart a nice gauge timing your entry and confirming. Hold some all day after scaling out.

* 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.

30 Minute Outside Range Breakdown - CDE

15 Minute Chart

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Stock:CDE

Entry Bar: 8
Time Frame: 15 minute
Entry Green Line: 18.60 SHORT
Stop Red Line: 18.80 or more conservative 18.95
Result: .06 to .20
Setup Grade: A-
Notes: Scale as you go, very weak market, big break down on the Daily. Could have caught a nice chunk on a gap and short 5 or 15 minute chart.

* 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.

15 Minute outside range breakdown - M

15 minute chart

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Stock: M

Entry Bar: 6
Time Frame: 15 minute
Entry Green Line: 18.14
Stop Red Line: 18.31
Result: even to .24
Setup Grade: B
Notes: Scale as you go, small gainer but nice setup.

* 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.

30 Minute outside range breakdown - PCS

5 Minute chart

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Stock: PCS

Entry Bar: 7
Entry Green Line: 13.95 SHORT
Stop Red Line: 14.15
Result: using 20 sma to follow down,
Setup Grade: B
Notes: Just ugly coming down with the market, liked the break of the 30 minute, the more conservative trail with the 20 sma - scale as you go.

* 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.

15 minute Outside Range breakdown - RIG

15 Minute chart

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Stock:RIG

Entry Bar: 4
Entry Green Line: 73.51
Stop Red Line: 74.19
Result: .51 to end of day
Setup Grade: B+
Notes: Nice red bar breakdown, scale, stop to even let some run until the close

* 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.

30 minute outside range breakdown - CCJ

30 minute chart

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Stock:CCJ 30 minute chart

Entry Bar:8
Entry Green Line: 15.87 SHORT
Stop Red Line: 16.08
Result: .21 to .53
Setup Grade: B
Notes:Little late in the day but weak like the market with bearish candle at outside range. Nice stop above the 5 EMA. Scale as you go, hold on a little to some shares to sell before the close with a stop at entry. (last part stopped out)

* 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.

30 minute outside range breakdown - SI

5 minute chart

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Stock:SI 5 minute chart

Entry Bar:11
Entry Green Line:51.04
Stop Red Line: 51.51
Result: even to .64
Setup Grade: B+
Notes: Like the setup, scale out get a little and get that stop to even, Stopped out with a small gain..I call it a single. Market was turning.

* 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.

15 Minute Breakdown - KLAC

15 minute chart

Daily Chart

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Stock: KLAC 15 minute chart

Entry Bar: 6
Entry Green Line: 37.86 SHORT
Stop Red Line: 38.21
Result: .35 to .77... about 2R gain
Setup Grade: B+
Notes: Nice strong break of the 15 minute low, scale or hold all day, move your stop to break even on 1R gain. The daily chart says it all.

* The grade is for the setup outlined in my buseinss plan & not for the end result. Feel free to post any trades you made today that you would like commented on

15 minute Breakdown - SLX

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Stock: SLX 15 minute chart
Entry Bar: 6
Entry Green Line: 82.92
Stop Red Line: 83.47
Result: .55 to 2.92 - about 3R holding and scaling out into the close
Setup Grade: B+
Notes: Nice breakdown candlestick of the 15, market weak and nice support from the 5 ema, let it run as you scale out. DRYS a nice Gap n Go short as well on the 10 minute chart

* The grade is for the setup outlined in my buseinss plan & not for the end result. Feel free to post any trades you made today that you would like commented on

15 minute Breakdown - RSG

15 Minute Chart

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Stock: RSG 15 minute chart

Entry Bar: 7
Entry Green Line: 32.14 Short
Stop Red Line: above the 4th bar - 32.27
Result: .33 to .54 - 1R plus if you are scaling out
Setup Grade: B-
Notes: Stop above 200EMA to give it a little room, scale out as you go, would be stopped out of the remaining shares you held if you held till the close.

* The grade is for the setup outlined in my buseinss plan & not for the end result. Feel free to post any trades you made today that you would like commented on