Thursday, January 11, 2007

Day Trade: Long GS 30-min chart

Entry @ $208.95
Exit @ $212.30

  • The stock is broke out of FLAT channel yesterday on good volume. A possible continuation play
  • Long entry at $208.95 on the break of the high of the 2nd cstick
  • Initial stop at $207.95 which is the low of the 2nd cstick
  • Sold 300 shares at $212.34 before the close
  • Trade closed with a gain of $1017 ( +3.4R )

2 comments:

Bubs said...

Hey Pinoy,

Just wondering what scanner you use to find the "high volume movers" and how you decide which trades to take after the scan?

Bubs

mc said...

Bubs,

I use IQCHART for my intra-day scan. It is not the best or most sophisticated charting tool but I love the simplicity of the layout and the easy-style scripting