5 minute chart
(Double Click Picture for a Larger View)
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Stock:PEGA
Entry Bar: 10
Time Frame: 5 minute
Entry Green Line:25.07 SHORT
Stop Red Line: 25.38
Result: .50 to 1.00
Setup Grade: B
Notes: This ran all day. I got a nice piece but screwed up my trailing stop on my remaining 1/2 shares. Would have gotten out before the FED announcement anyway. Bearish Daily chart and market gapped down. Not a perfect double dynamite but two small redish bars rolling over to form a high risk high reward setup.
Time Frame: 5 minute
Entry Green Line:25.07 SHORT
Stop Red Line: 25.38
Result: .50 to 1.00
Setup Grade: B
Notes: This ran all day. I got a nice piece but screwed up my trailing stop on my remaining 1/2 shares. Would have gotten out before the FED announcement anyway. Bearish Daily chart and market gapped down. Not a perfect double dynamite but two small redish bars rolling over to form a high risk high reward setup.
* 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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