Trade TNA 2012.2.22

TNA daily chart is not good setup, it falls back to channel and expected to be a range day.

Short @ 60.85, initial stop @61.15, target 60.51.  The stock touched 60.51 but my order not filled. I stopped out @61.00.

Review:  Overall, it’s a good trade, I executed the trade according to plan.

Be Better: Need to find a better setup on daily chart first.