Wedge Buster - ATHN

5 Minute chart

Set Up

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Stock: ATHN 5 minute chart

Entry Bar: 4
Entry Green Line:29.64
Stop Red Line: 30.39
Result: .74 to 1.92
Setup Grade: B
Notes: Scale as you go, larger stop so buy less shares. Would have been stopped out at even with remaining shares missing a nice gainer. It happens, all part of the game.

* 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.

Away for a Couple of Days

Will get back to posting sometime this week. Attended the NY Traders Expo. Mob scene full of snake oil salesman selling every product you can imagine. Some good some bad.

Still these are valuable to attend. Great to talk with traders and get new ideas. Nothing like going to New York, especially walking Central Park.

Wedge Buster - PNW

5 minute chart

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Stock:PNW

Entry Bar: 4
Entry Green Line: 29.32
Stop Red Line: 29.48
Result: .16 to .55
Setup Grade: B+
Notes: I just missed a huge winner as I was stopped out by a penny after scaling out and bringing my stop to entry. Should have left my stop at entry but left it at 29.25 and walked away. Taken out at .26 then it dumped. Oh Well and the damn thing is still dropping as I post. Has been that type of trading week.

* 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.