Friday, February 16, 2007

Day Trade: Long BA 30-min chart

Source : Focus List

Entry : $90.32

Exit : $91.64

Stop Loss : $89.80

Risk : 0.52

Gain +/- : 1.32

R : 2.54
A CHANNEL breakout trade. I saw a price pullback to major support area in the daily chart. The multi-day 30-min chart showed a CUP & HANDLE like basing pattern. Entry was on the 4th cstick when it breakout of the channel. Closed position at the end of the day.

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