Monday, April 6, 2009

Free Fall - MAN

5 minute chart - SETUP


Result - scale as you go

(Double Click Picture for a Larger View)
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Stock:FAN 5 minute chart
Entry Bar:6
Entry Green Line: 33.71
Stop Red Line: 33.37
Result: .17 to .54
Setup Grade
: B
Notes: increased volume and nice pop and hammer. Scale as you go, 200 EMA a nice goal to get out of the entire package...didn't happen ran out of steam.

* 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.

Learn to trade gaps

Thursday, April 2, 2009

Gap and Go - BEN

5 Minute Chart


Daily Chart - Room to run

(Double Click Picture for a Larger View)
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Stock:BEN
Entry Bar:2
Entry Green Line: 56.96
Stop Red Line: 55.92
Result: .48 to 2.79
Setup Grade
: A-
Notes: Scale out, let some run 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.

Learn to trade gaps

Wednesday, April 1, 2009

Great Movie Scene



With trading and in life, you get knocked down you get up.

Scene is from The Last Samuri