2 Trades Winner & Loser - 30 Minute Breakout - PCL

Smaller view - 5 Minute chart

Full Day View

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Stock: PCL 5 minute chart

Entry Bar: 13
Entry Green Line: 49.11
Stop Red Line: 48.89
Result: .40 to 1.80 about a 9R trade!!
Setup Grade: B
Notes: Scale out and let it run all day, 3 tight NR bars and then it broke out. A little under the OR breakout point but the support from the 5 EMA and 3 tight bars (dynamite bars) made it worth the risk.

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Trade 2 - 123 Pullback 15 minute chart

Here is a losing Trade that didnt work out -

Nice pullback to 5EMA and 15 outside range high

Stopped out, didnt quite reach the point in which I would pull up my stop - ended up being a winner latter on. Always stick with your stop. Entered high of 7 bar with stop below.

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Michael Phelps at a young age

1st day back, got in late and got a late start trading. Will be back to regular posting schedule tommorrow.

Double Dynamite - IOC 15 minute chart

Still on Vacation.

Here is nice trade. I set it to close out at the end of the day (if my stop was not hit) as I set out to go fishing. Nice 6R plus trade, better then the one damn sand shark I caught :(

Again regular posting to continue on August 27th.


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Stock: IOC 15 minute chart

Entry Bar: 6
Entry Green Line: 27.97
Stop Red Line: 27.82 (prefered larger stop under 3rd red bar)
Result: .30 to 1.38 ---- 6R plus
Setup Grade: B+
Notes: Scale out, let it run and close it out at the end of the day - forms a nice wedge setups as well

* The grade is for the setup outlined in my business plan. Feel free to post any trades you made today that you would like commented on.