Tuesday, February 06, 2007

Day Trade: Long ICE 30-min chart ***late posting***

ICE 3-month Daily chart





Entry : $141.32




Size : 700




Exit : $143.08




Stop Loss : $140.20




Risk : 1.12




P/L : $1,232.00




R : 1.57
I saw a pullback to major support line in the daily chart(seedaily chart above), bounced and formed a FLAG price pattern. Entry was when price cleared the top of the flag.

2 comments:

bp said...

I appreciate your blog. Thank you.

mc said...

You're welcome.