6/22 DRC
Last week was good. I was very patient in my trades, waited for things to be clean and clear before entry and avoided anything else. I want to be in that exact same position today. Stay patient, let the market come to me, fight for price.
Market sideways today, expecting the strong longs to continue being that, and short any failures. Lots of names and setups to watch for today.
1. Re enter a winning trade on a deeper pullback for the bigger idea.
2. Stay Aggressive only on HPB setups. 8star or more deserve more risk.
SPCE
Another good looking premarket trade. News came out, big vol spike higher above a D breakout level. Made a range just under it, broke above and made a range above it. Broke under it again and we saw huge buyers take it back above. I got in.
Huge buying coming in as we went higher, Tried to get an add but no luck. Big offers taken out and bids kept stepping up.
18 will be HTF TL break so looking for that to get out. So far is exploding.
Well perhaps shouldve been more conservative, Just dumped all the way back to entry in a minute on big selling and found some S again. Still good buying and bounced higher again.
And bounced well, made it back to .75 where there may have been a hidden sell, not sure.
Have an opp to start my day with a decent win, going to take half on a new 1min low if we can get above.
Pulled down again, unable to make a LL here so now making a nice triangle. Bids still around.
And broke higher with volume. And covered majority as bids broke and we saw selling come in again at .80
Going into open, ready to stop out if we break TL and last pivot low.
Vol came into the down side. All out.
DKNG
Odd open, lots of selling and we came to new LOD and found what looked like hidden refresh bids. Got a starter pretty big in front, but unable to hold and took a full loss. Fine with it, If I was right and we turned that was a big win.
WMT
almost same case as DKNG but with huge buying on new LOD. Couldnt hold either. Smaller loss.
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Later in morning it started getting really tight under vwpa and above HTF level. We saw big vol increase and last time it got to .75 it started showing bgood buy signs again. Got a starter as it was ticking higher and added as we went. Added on a pb that got bought again as well.
Looking for a breakout of this range to hit HOD for PT. Have not seen action above 121 yet.
Needs to be going and popping now. Stop is tightened. Losing volume on upside here above vwap, buying still here but light.
Got above and started holding above vwap. Added more. Stop v tight. Again needs to be going. Added again, buyers ripping it up every time we dip under vwap.
Got up to range high, unable to break again. Nothing but buying here. Should be a great move. Will take off small to cover risk. Vol growing.
V nice move. HOD looks to happen. Not taking anything off, but stop tightened to tiny loss.
Annoying how the entire time SPY was ripping higher WMT unable to move higher, now that SPY pulling back, WMT breaks higher. Will have to hope pullback is weak and short.
Vol still rising on upside. Looks great still.
Lots of HTF confluence on this trade. HTF trendline break from earnings, we are above. Anchored vwap from it also right at HOD and has been acting as R. Should be interesting to see the action up here. This is the point the longer term shorts on this name would be looking to cover.
Finding trouble at .39, HOD at .42 pmkt hi at .50. A real good .15 cent zone here of R to get above but if we can I really think we can see something.
Tapped HOD rejected pretty quick once. Gotta hold through this no matter what. Not taking any off early.
And the pullback collapsed .30 cents on me. F. Have TL to work with for stop.
New stop giving for small win. How disappointing. Bounce from this drop is non existent. Buyers not near as strong. Vol lowest of the day. Stopped out all. Fuck that.
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Still considering this a v low vol pb. Waiting for action to get back in.
And saw it. Got back in on vol kick with buying after a failed push under vwap and recent pivot low.
And right away dumped on me. SPY also dumping lower, still not at vwap, in by a hair. Buying is here.
Trying to get above prev mini range high at .15. Cant change anything yet. Got above. SPY still downtrending short term.
SPY really lost it under vwap. Not finding any bounce/strength. Were still moving up regardless. Stop tightened. Another small win secured.
Ripped up to HOD on less vol this time. Not letting what happened last time happen to me again. Taking half off now on 1min lo.
And we got above new HOD into .50, broke above that too.
122 seems to be next stop. Took half.
A couple of TLs to watch for over extension.
New stop is in just under .40, getting over extended from minor TL from new PA we just made, Not considering it super relevant, but we did break above and seeing some rejection. Not taking off.
Did reject lower from that overext, but not seeing a bigger pullback. Going to use that pb as stop for other half.
Actually different plan. Going to be all out under that pivot. .40 has real good confluence right now to get back in with TL rising and prev HOD + pmkt high zone. Mkt has strength but WMT seems to be inverse today. Also losing vol on last attempt up. Going to take it off and get back in lower.
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Was good call, dumped .30 cents still not done pulling back. TL did not hold, nor did prev HOD. SPY also dropping with internals. Mkt getting weak.
Got my re entry much later on. New TL came in play and we just tested under prev HOD after a v low vol pb. Never hit TL but bids were here and refreshing along with SPY finding strength. Got a starter and added as we ticked up back above .40
Pulled back into TL and held with bids. Added more as we ticked higher, Bids still here. Then big bid showed up and SPY exploded higher with new HOD. WMT followed. Looking for new HOD again, vol NOT increasing though is a worry. Candle is huge.
Right into Triangle TL from HOD, vol is not here. Trade does not need to be a loser, will exit all near breakeven. Warning signs of no vol on this attempted breakout make me want to exit early. But must give it a chance. Bids here still.
Very odd action, pullback right to my stop point with TL and we had big bid here. Volume even lower on this PB.
Turning point right where we are, needs to find it again.
Broke TL, dead vol, no selling, bids not here, but not dropping me yet. Stop just a penny off. Not sure what were waiting on.
And the SPY exploded higher on new HOD break from tight range. WMT tape skipped higher. Again, needs to go now or im gonna get out early on failed TL break higher.
We broke TL and triangle and made me mini range high, didnt not break out hard. Going to be half out early soon. 1min lo.
Flat out does not seem to have the gas. Covered half.
Made super tight range just above that break. Will put it back on if I see it, so far not seeing it. SPY ripping higher, WMT v low vol still.
Real good chunk of selling came in after it failed, waiting for new stop. Old TL to maybe come in play and new one as well. Trade doesnt need to be a loser, will take tiny win.
Big bid showed up, we stopped at .50, will be all out in the .40s
Made new range high anyways on no volume. Very odd PA, guess all the big buying is passive, not seeing any aggro buying, if anything aggro selling, BUT we are absorbing it all. Do not see chances to add back in. Letting it go. HOD PT.
Big buy came in on pb to top TL.
Couldnt find more, all out under 50
DAL
All airlines failed lower into vwap + prev lod and popped. SPY was strong and going on strong still with internals strong. DAL came into vwap + prev lod + 29 and saw lots of buying. I got a starter and added a few times as we kept going. Tape and volume cues great.
Had excellent pop to start the trade along other airlines.
And they all starting failing, DAL shortly and stopped out.
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Tried again as we still saw vol and got back above 29. Couldnt go again though. Need to walk away for a bit.
BNTX
Strong name, bug dump as it pulled back into prev HOD and HTF breakout. Saw some good bids and buying on tape and got a starter with good risk. Came down too much too quick, thinking I can get a good bounce frm here as it is right on top of prev HOD line.
Pb under vwap couldnt get above but held. Added once we broke above range above vwap. Vol is low, tape is ok. Not much to read but PA itself looks great.
Still very low volume on this short move higher above vwap. Very slow mover for now. Could consider this a warning sign if we dont see the vol come in, but price is still up and moving higher. Dont think I need to look at early exit just yet. But thinking about it.
In fact I do have a nice stop to work with just under vwap and above breakeven to get out. Using it for now, but if hit, will get right back in if I see it.
Running into 1st decent sized offer at 54.10 Nothing really notable, but is 1st.
Got above into another one. Broke him too. HOD looks good, big vol kick on those breaks.
Just keeps slowly grinding higher. Dont need to give back much on this if it wants to pb. Because it sure should given the volume on this up move. I have a minor TL to work with, once broken and hold under im out. Back in lower.
TL broke, gave me stop, then big sell came in and dumped price .40 cents. Good call so far. Looking to get back in at vwap + TL.
NKLA
Not part of original plan but price action and tape is great. Strong all day coiling above vwap, broke under with big vol and saw nothing but big bids, holding underneath bringing it back up.
After it failed to make a new lower low I got a start as it ticked back up, added as we went.
There is not a HTF level here, but a HTF trend line. We have failed a breakdown on HTF charts and reclaimed back in it. Expecting short squeezes to happen if we can get above vwap + range.
Couldnt happen, stopped out.
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Went for re entry. Cannot break lower, bids here keep stepping back above .50. Entered as we got back above it.
Came down to big bid at .40 again, didnt sell into it, came back up.
Spiked back up and bids came in high, added.
I imagine there are tons of shorts right now that will want out if we get back above VWAP. Depending how far, how fast, we go, I may get all out and back in lower. .90 the number to beat.
Coiling higher and tighter just under vwap. Stop moved up to last held pivot at .50,
Failed again to make LL now at .60 at breakeven. Turning up again, bids showing up, buying on tape. Could be turn here, ready to add.
Profit target needs to change. TL from HOD going to be just after break higher above vwap. I think given circumstances and TOD a break above this TL should see squeeze and I can get out half on 1min.
Broke higher with big vol increase and stopped at TL on the penny. Waiting. above 66 I need for PT.
Got it, big bids here, stepping up, seem hidden / refreshing. Waiting to take half. Hoping to see a big ol late day squeeze from this. Prime candidate for it. Volume is huge atm.
Tape getting skippy, vol growing huge.
.30 hidden buy holding us up, ran into 1st big offer at .50 and broke him going higher.
Moves like these make me nervous. Liquidity vacuum on the buy side when we start dropping makes me want to get majority out instead of hold through a dollar pullback. So far tape is up and bids still stepping up. Taking 75% off though.
Broke mid day pivot at 66.80 and saw big battle both sides. Did not get much higher above it. And out majority
Got up to 67 couldnt bust though. Out the rest on new low.
Great day. Only real mistake was sizing up on DAL trades. Good location, good action. Bad market, not supporting idea with low RVOL name. Low star rating. Did not need to lose 100+$ on that.
Traded WMT exactly how I wanted to. NKLA Great re entry.
BNTX was too bad, it never pulled back enough for me to look to get in and it took off.
Very happy with today, lots to do and I stayed on my game. No regrets.
Market sideways today, expecting the strong longs to continue being that, and short any failures. Lots of names and setups to watch for today.
1. Re enter a winning trade on a deeper pullback for the bigger idea.
2. Stay Aggressive only on HPB setups. 8star or more deserve more risk.
SPCE
Another good looking premarket trade. News came out, big vol spike higher above a D breakout level. Made a range just under it, broke above and made a range above it. Broke under it again and we saw huge buyers take it back above. I got in.
Huge buying coming in as we went higher, Tried to get an add but no luck. Big offers taken out and bids kept stepping up.
18 will be HTF TL break so looking for that to get out. So far is exploding.
Well perhaps shouldve been more conservative, Just dumped all the way back to entry in a minute on big selling and found some S again. Still good buying and bounced higher again.
And bounced well, made it back to .75 where there may have been a hidden sell, not sure.
Have an opp to start my day with a decent win, going to take half on a new 1min low if we can get above.
Pulled down again, unable to make a LL here so now making a nice triangle. Bids still around.
And broke higher with volume. And covered majority as bids broke and we saw selling come in again at .80
Going into open, ready to stop out if we break TL and last pivot low.
Vol came into the down side. All out.
DKNG
Odd open, lots of selling and we came to new LOD and found what looked like hidden refresh bids. Got a starter pretty big in front, but unable to hold and took a full loss. Fine with it, If I was right and we turned that was a big win.
WMT
almost same case as DKNG but with huge buying on new LOD. Couldnt hold either. Smaller loss.
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Later in morning it started getting really tight under vwpa and above HTF level. We saw big vol increase and last time it got to .75 it started showing bgood buy signs again. Got a starter as it was ticking higher and added as we went. Added on a pb that got bought again as well.
Looking for a breakout of this range to hit HOD for PT. Have not seen action above 121 yet.
Needs to be going and popping now. Stop is tightened. Losing volume on upside here above vwap, buying still here but light.
Got above and started holding above vwap. Added more. Stop v tight. Again needs to be going. Added again, buyers ripping it up every time we dip under vwap.
Got up to range high, unable to break again. Nothing but buying here. Should be a great move. Will take off small to cover risk. Vol growing.
V nice move. HOD looks to happen. Not taking anything off, but stop tightened to tiny loss.
Annoying how the entire time SPY was ripping higher WMT unable to move higher, now that SPY pulling back, WMT breaks higher. Will have to hope pullback is weak and short.
Vol still rising on upside. Looks great still.
Lots of HTF confluence on this trade. HTF trendline break from earnings, we are above. Anchored vwap from it also right at HOD and has been acting as R. Should be interesting to see the action up here. This is the point the longer term shorts on this name would be looking to cover.
Finding trouble at .39, HOD at .42 pmkt hi at .50. A real good .15 cent zone here of R to get above but if we can I really think we can see something.
Tapped HOD rejected pretty quick once. Gotta hold through this no matter what. Not taking any off early.
And the pullback collapsed .30 cents on me. F. Have TL to work with for stop.
New stop giving for small win. How disappointing. Bounce from this drop is non existent. Buyers not near as strong. Vol lowest of the day. Stopped out all. Fuck that.
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Still considering this a v low vol pb. Waiting for action to get back in.
And saw it. Got back in on vol kick with buying after a failed push under vwap and recent pivot low.
And right away dumped on me. SPY also dumping lower, still not at vwap, in by a hair. Buying is here.
Trying to get above prev mini range high at .15. Cant change anything yet. Got above. SPY still downtrending short term.
SPY really lost it under vwap. Not finding any bounce/strength. Were still moving up regardless. Stop tightened. Another small win secured.
Ripped up to HOD on less vol this time. Not letting what happened last time happen to me again. Taking half off now on 1min lo.
And we got above new HOD into .50, broke above that too.
122 seems to be next stop. Took half.
A couple of TLs to watch for over extension.
New stop is in just under .40, getting over extended from minor TL from new PA we just made, Not considering it super relevant, but we did break above and seeing some rejection. Not taking off.
Did reject lower from that overext, but not seeing a bigger pullback. Going to use that pb as stop for other half.
Actually different plan. Going to be all out under that pivot. .40 has real good confluence right now to get back in with TL rising and prev HOD + pmkt high zone. Mkt has strength but WMT seems to be inverse today. Also losing vol on last attempt up. Going to take it off and get back in lower.
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Was good call, dumped .30 cents still not done pulling back. TL did not hold, nor did prev HOD. SPY also dropping with internals. Mkt getting weak.
Got my re entry much later on. New TL came in play and we just tested under prev HOD after a v low vol pb. Never hit TL but bids were here and refreshing along with SPY finding strength. Got a starter and added as we ticked up back above .40
Pulled back into TL and held with bids. Added more as we ticked higher, Bids still here. Then big bid showed up and SPY exploded higher with new HOD. WMT followed. Looking for new HOD again, vol NOT increasing though is a worry. Candle is huge.
Right into Triangle TL from HOD, vol is not here. Trade does not need to be a loser, will exit all near breakeven. Warning signs of no vol on this attempted breakout make me want to exit early. But must give it a chance. Bids here still.
Very odd action, pullback right to my stop point with TL and we had big bid here. Volume even lower on this PB.
Turning point right where we are, needs to find it again.
Broke TL, dead vol, no selling, bids not here, but not dropping me yet. Stop just a penny off. Not sure what were waiting on.
And the SPY exploded higher on new HOD break from tight range. WMT tape skipped higher. Again, needs to go now or im gonna get out early on failed TL break higher.
We broke TL and triangle and made me mini range high, didnt not break out hard. Going to be half out early soon. 1min lo.
Flat out does not seem to have the gas. Covered half.
Made super tight range just above that break. Will put it back on if I see it, so far not seeing it. SPY ripping higher, WMT v low vol still.
Real good chunk of selling came in after it failed, waiting for new stop. Old TL to maybe come in play and new one as well. Trade doesnt need to be a loser, will take tiny win.
Big bid showed up, we stopped at .50, will be all out in the .40s
Made new range high anyways on no volume. Very odd PA, guess all the big buying is passive, not seeing any aggro buying, if anything aggro selling, BUT we are absorbing it all. Do not see chances to add back in. Letting it go. HOD PT.
Big buy came in on pb to top TL.
Couldnt find more, all out under 50
DAL
All airlines failed lower into vwap + prev lod and popped. SPY was strong and going on strong still with internals strong. DAL came into vwap + prev lod + 29 and saw lots of buying. I got a starter and added a few times as we kept going. Tape and volume cues great.
Had excellent pop to start the trade along other airlines.
And they all starting failing, DAL shortly and stopped out.
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Tried again as we still saw vol and got back above 29. Couldnt go again though. Need to walk away for a bit.
BNTX
Strong name, bug dump as it pulled back into prev HOD and HTF breakout. Saw some good bids and buying on tape and got a starter with good risk. Came down too much too quick, thinking I can get a good bounce frm here as it is right on top of prev HOD line.
Pb under vwap couldnt get above but held. Added once we broke above range above vwap. Vol is low, tape is ok. Not much to read but PA itself looks great.
Still very low volume on this short move higher above vwap. Very slow mover for now. Could consider this a warning sign if we dont see the vol come in, but price is still up and moving higher. Dont think I need to look at early exit just yet. But thinking about it.
In fact I do have a nice stop to work with just under vwap and above breakeven to get out. Using it for now, but if hit, will get right back in if I see it.
Running into 1st decent sized offer at 54.10 Nothing really notable, but is 1st.
Got above into another one. Broke him too. HOD looks good, big vol kick on those breaks.
Just keeps slowly grinding higher. Dont need to give back much on this if it wants to pb. Because it sure should given the volume on this up move. I have a minor TL to work with, once broken and hold under im out. Back in lower.
TL broke, gave me stop, then big sell came in and dumped price .40 cents. Good call so far. Looking to get back in at vwap + TL.
NKLA
Not part of original plan but price action and tape is great. Strong all day coiling above vwap, broke under with big vol and saw nothing but big bids, holding underneath bringing it back up.
After it failed to make a new lower low I got a start as it ticked back up, added as we went.
There is not a HTF level here, but a HTF trend line. We have failed a breakdown on HTF charts and reclaimed back in it. Expecting short squeezes to happen if we can get above vwap + range.
Couldnt happen, stopped out.
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Went for re entry. Cannot break lower, bids here keep stepping back above .50. Entered as we got back above it.
Came down to big bid at .40 again, didnt sell into it, came back up.
Spiked back up and bids came in high, added.
I imagine there are tons of shorts right now that will want out if we get back above VWAP. Depending how far, how fast, we go, I may get all out and back in lower. .90 the number to beat.
Coiling higher and tighter just under vwap. Stop moved up to last held pivot at .50,
Failed again to make LL now at .60 at breakeven. Turning up again, bids showing up, buying on tape. Could be turn here, ready to add.
Profit target needs to change. TL from HOD going to be just after break higher above vwap. I think given circumstances and TOD a break above this TL should see squeeze and I can get out half on 1min.
Broke higher with big vol increase and stopped at TL on the penny. Waiting. above 66 I need for PT.
Got it, big bids here, stepping up, seem hidden / refreshing. Waiting to take half. Hoping to see a big ol late day squeeze from this. Prime candidate for it. Volume is huge atm.
Tape getting skippy, vol growing huge.
.30 hidden buy holding us up, ran into 1st big offer at .50 and broke him going higher.
Moves like these make me nervous. Liquidity vacuum on the buy side when we start dropping makes me want to get majority out instead of hold through a dollar pullback. So far tape is up and bids still stepping up. Taking 75% off though.
Broke mid day pivot at 66.80 and saw big battle both sides. Did not get much higher above it. And out majority
Got up to 67 couldnt bust though. Out the rest on new low.
Great day. Only real mistake was sizing up on DAL trades. Good location, good action. Bad market, not supporting idea with low RVOL name. Low star rating. Did not need to lose 100+$ on that.
Traded WMT exactly how I wanted to. NKLA Great re entry.
BNTX was too bad, it never pulled back enough for me to look to get in and it took off.
Very happy with today, lots to do and I stayed on my game. No regrets.
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