Thursday, January 25, 2007

Day Trade: Long NMX 30-min chart

Entry @ $126.55 / 700
Exit @ $126.07




Entry : $126.55




Size : 700




Exit : $126.07




Stop Loss : $125.60




Risk : 0.95




P/L : ($336.00)




R : -0.51
I saw a possible breakout setup in this chart at around $126.60. This is an in/out trade that did not even last for more than 2 csticks. In hindsight, the daily chart shows major resistance zone just above the breakout area which made this a low probability setup.

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