Saturday, June 16, 2007

061507 - PENN - 15mins - Loss*Paper




Symbol: PENN
Type: Long
Entry: The beginning of the 11th bar
Exit: During the 3pm bar
Result: Loss -0.57%

  • I saw the 8th - 10th bar constructed a Support zone at around $62.25
  • So when I saw the prices closed above the 8th AND 2nd bar high, I entered Long
  • My Protective Stop is set to just underneath the Support zone mentioned
  • Now that I'm reading the chart again... didn't Jamie, at Wall St. Warrior, told me to place my Entry as close to the 5eMA as possible?

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