The Play
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Stock:ANSS 5 minute chart
Entry Bar: 5
Entry Green Line: 26.60 SHORT
Stop Red Line: 26.80
Result: .23 to .44
Setup Grade: B
Notes: take the larger stop, market was weak, weak on the daily chart as well. Scale out as you go, get that stop to even.
Entry Green Line: 26.60 SHORT
Stop Red Line: 26.80
Result: .23 to .44
Setup Grade: B
Notes: take the larger stop, market was weak, weak on the daily chart as well. Scale out as you go, get that stop to even.
* The setup grade is based on rules outlined in my business plan & not for the end result. Feel free to post any trades you made today that you would like commented on.
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