6/5 DRC
Yesterday was a great day. Took great trades. Got good wins. Want to see the same today. Expecting the same kind of moves out there, some lagging behind, some continuation. Im expecting it to be a super busy friday I got 18 stocks on watch, and probably will look at more as others dont setup for me. Theres a lot of money to be made during times like these so I gotta be on my game.
Cruise / airlines / other oversold short squeeze names are all on the long list.
It is very odd though the SPY and FANG were weak yesterday. Weve been in that rising wedge for sometime now and starting to see signs across FANG that were ready for that roll over so ive got shorts on watch too. Some looking very good after failed breakouts higher. GB GOOG NVDA
Only thing I would change about yesterday is adding more size. I know it now that ive seen it and its time to step on the gas. Respect the process, when I see it get in. Early morning trades are one and gone, later in the day have to base out before expecting another big move.
Im doing good watching these names at the right locations at the right time, when I see it dont be afraid to put a starter in. Its seems like this market at the moment is you buy anything you win. Add when it starts working. Get more aggressive while I can at high RR levels.
Goals
1. Stay aggro, add fast and big at proper locations when you see it
2. Only take the trades that are clean and clear above HTF levels. No need to guess, take the best, leave the rest.
3. Dont put too much pressure on yourself to get involved. They will come when they are supposed to. Dont be eager to get into something too early.
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Looks like were gapping up huge. SPY the same too. Unemployment numbers came out and was way better than expected. Market thought we deserved an immediate 3 point pop high. Now were truly breaking higher from a rising wedge becoming even more over extended.
Im not a huge fan of trading these gaps like this when I already want long. Im going to have to wait to buy the dips. I dont like the idea of selling the open, though in these cases thats usually what happens. I will just have to wait and see.
RRGB
Well before the bell today I am taking a trade. Names are exploding right now and RRGB is on the list as well. Currently stuck under a big D breakout level and Im getting in ahead of it. Surely it will follow at some point so I am waiting to find out. Also hitting my scanner with a monster 53% short float and 11% vol done today already. Risk is set and we shall see. In before the break of pmkt hi + D breakout level just above it.
Huge buyer just sitting on bid as risk for the moment.
Broke pmkt highs and buyer stepping up. At .35 now, .38 is D breakout from range.
And we broke above and buyer still up there. He really wants it. Will look to sell this on opening action. We still have 15 minutes before the bell.
In at 18.25 nothing in the way until 19.50
Someone took him out at .50
Putting limit to sell at 18.99 just to see if I can get it. Only offer is at 19 right now.
Tape slow and spready no surprise, but buyers are coming in and stepping higher. As thin as it may be.
Not exactly a part of my strat/process so I should take what I can get. If at the bell it comes back to entry im out. Expecting it to just blow off right from the bell, if not, I dont need to lose any money to start the day. 2 minutes to go. Great buying coming in.
Had decent pop but nothing special. Exited as sellers came in and stepped lower. Small W. Happy with it.
ROKU
Weak open, pulled back up to vwap + HTF level and we found hidden seller at 102. Got in in frnt but broke him and headed higher.
CODX
Came lower into huge HTF range area, failed and got back above and held with big bids on tape. Got a starter.
Bids kept stepping up I did not get fill for adds. Adding half size higher up.
Came back to 16, bids here added more.
Stepped higher big bid stepped up added more. Looking for HOD, stop just under breakeven as it would fail to hold above range + bids + whole number.
Big bids are here and stepping higher. Stop for sure under 16 right at breakeven.
PT hod at 16.45. Were taking out decent sized offers and bids stacking lower stepping up. Looks like well get there eventually, volume is ok.
Ive got a very steep uptrend line from LOD to work with as profit taking.
Big bid stepped up just before HOD break and got taken out. Still waiting. No reason to think about getting out yet. Gotta deal with pb.
16.70 is where real magic can happen. Will be HTF TL break higher + pmkt range high break. We shall see.
Bids are here and buying gotta hold. Big offers coming in still getting taken out. Vol increasing as we get close to HOD. Looks good.
Super micro pivot high at .25. Will be TL break if it gets there. Dont need to sacraific that much for sake of holding through pb. RR evolves. Dont need to risk .40 cents for .05 more. Were just under HOD.
Not pushing through. TL breaking. Ready to take half if we stuff lower. And we did. Half out early.
Had decent pb and held it for a while makin new range. Couldnt find strength / volume to bring it back up. Out for small W.
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Later on we came down to that range again under vwap. Broke lower and saw 0 tape action. Then the bids came back in. I followed and got in in front.
Added as we ticked higher again. Im a little against the wind here. VWAP is above at .90 Im in at .87 but buying is good and it is ultimately above HTF zone.
Added as bids are stacking higher again and were above vwap. Good vol bump bringing us back up too.
TL break from HOD in play now, we look great to break it.
Tape is great and we are super tight here. 10 star trade Im going to add more if we break this TL for good. Very tight action right now. Stop under last big bid I saw at 15.78
Getting very slow here. Not taking off is a problem.
TL frm LOD in play now If we break lower Im out. Stop is in 15.84 Needs to turn now. Did not and all out.
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Went a few pennies lower but not much. Vol picked up and bids came back so I got back in. This time big size right from the start. We made new micro range higher into vwap and prev TL. Needs to get and stay above. Buying was great, gott wait and see.
And there was out problem. A hidden seller just above vwap. We broke him, we should be going ripping. Stop is tightened a little.
We stuffed lower and sellers came back in. Stop is in it either gets me or not. .
We keep getting tighter and tighter here. Again didnt get me out, back up to range high. A 16 break is really what we need here.
Its trying again, this time broke mico range weve been in for last half hour. Needs to go. Buying still here.
Stop is moved up. Sometimes getting out breakeven is a gift. Right now its just under it for small L.
Bids here and stepping higher. Lots of things to break here. Needs .98 then 16 then .04
We broke all in one candle with a volume bump. Stop is fine for now. Need to keep longer term idea in play. Will take off when I see warning signs.
Well completely retraces back to entry and we had one last decent bid. Offers reloaded big at 16. Stop is at breakeven. And out
PDD
Good reversal. Over + para + vol + tape. Tried to get big entry add but couldnt get the fill. Got it on a retest of entry but not as big. Solid move to opposite TL. Took half on 1st big bid that showed up and we ticked higher. Other half out at new 1min candle high.
VERI
Another solid reversal with tape action. Showed up late but got chance to get in anyways. Got in and added. Big bid stepped up, once he started getting hit I got all out. Simple good Win.
DAL
So airlines have been relaitvely uneventful all day. Waiting for some kind of action to tell me its squeeze time again and we got a good one in DAL. Made big triangle, failed a break lower under HTF level. Got above and broke higher and pulled back into vwap and previous levels and HTF level.
Buying was not that great but everything else about this trade was so I started building. Got pretty good size and kept adding as we kept taking out levels and big offers. I am looking for HOD which is a ways away.
Vol already stalling as are attempting another HH here after these failed moves lower. Stop must remain. Pretty big here but these are where you gotta push.
Rest of the market is squeezing and has been for some time. DAL and airlines only showing signs of starting one. Must wait.
Possible hidden refresh sellers her at 36. There is a v tight zone here from 36 to 36. 16 we need to get out of. Buying looks great.No need to change stops yet. SPY going parabolic.
Well we have new TL from LOD in play now. And with this selling and inability to get past them i am reducing stop. We keep trying 36 a ton but vol is thinning and he is 100% refreshing over and over.
Ah here it comes. All airlines perking up breaking out right now. Gotta go now or its just a trap. Super tight with new TL from HOD now. Failing lower is good.
Broke lower got out. Will get back in above this range.
Never came, dumped.
ROKU
An all over the place stock, failed lower, failed higher, failed lower, now failing higher again back into HTF range. Had a very low volume pull up back into it + vwap + HOD TL. Saw a decent offer and got in in front. My original entry was too big too early. I didnt give it enough time to retest higher where the true R may or may not be. So avg is a bit skewed and risk off but trade is still good.
Hit levels and finding good R so far. Couldnt hold, stopped out.
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Actually had a solid break higher. Made me start thinking long now that weve had the failure lower and burst of volume come in with low vol pb to HTF and vwap and 102. Got starter as I saw buying as we got back above 102. Added as we ticked higher. Also TL from lower in play and held, will use as stop.
Added more on new range HH. Not a 10 star so no need for big size.
Tape has great buying, but volume is v low here.
Little kick, above 102.58 Is what we really need. Big R, lots of stops surely there.
SPY and other in play names dumping hard.
Pulled down to 102 and held, broke TL lower. Market not improving at the moment. Unless ROKU can find something, it didnt I got out under it.
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Turned back up and broke that range, went for a scalp above it. Could go either. Pissed. Calling it a day before I turn red. Exit was fine, but never looked for re entry. I get caught up in trading with very limited allowance for time and risk in these later in the afternoon trades.
Kind of a hard day. Names did not make moves at all for sometime. Some looked really good right then and there, only to turn to nothing. All money came from reversals today. Rest was just no follow through. Green is green. Will focus on weekly review.
Cruise / airlines / other oversold short squeeze names are all on the long list.
It is very odd though the SPY and FANG were weak yesterday. Weve been in that rising wedge for sometime now and starting to see signs across FANG that were ready for that roll over so ive got shorts on watch too. Some looking very good after failed breakouts higher. GB GOOG NVDA
Only thing I would change about yesterday is adding more size. I know it now that ive seen it and its time to step on the gas. Respect the process, when I see it get in. Early morning trades are one and gone, later in the day have to base out before expecting another big move.
Im doing good watching these names at the right locations at the right time, when I see it dont be afraid to put a starter in. Its seems like this market at the moment is you buy anything you win. Add when it starts working. Get more aggressive while I can at high RR levels.
Goals
1. Stay aggro, add fast and big at proper locations when you see it
2. Only take the trades that are clean and clear above HTF levels. No need to guess, take the best, leave the rest.
3. Dont put too much pressure on yourself to get involved. They will come when they are supposed to. Dont be eager to get into something too early.
-------------------------------------------------------------------------------
Looks like were gapping up huge. SPY the same too. Unemployment numbers came out and was way better than expected. Market thought we deserved an immediate 3 point pop high. Now were truly breaking higher from a rising wedge becoming even more over extended.
Im not a huge fan of trading these gaps like this when I already want long. Im going to have to wait to buy the dips. I dont like the idea of selling the open, though in these cases thats usually what happens. I will just have to wait and see.
RRGB
Well before the bell today I am taking a trade. Names are exploding right now and RRGB is on the list as well. Currently stuck under a big D breakout level and Im getting in ahead of it. Surely it will follow at some point so I am waiting to find out. Also hitting my scanner with a monster 53% short float and 11% vol done today already. Risk is set and we shall see. In before the break of pmkt hi + D breakout level just above it.
Huge buyer just sitting on bid as risk for the moment.
Broke pmkt highs and buyer stepping up. At .35 now, .38 is D breakout from range.
And we broke above and buyer still up there. He really wants it. Will look to sell this on opening action. We still have 15 minutes before the bell.
In at 18.25 nothing in the way until 19.50
Someone took him out at .50
Putting limit to sell at 18.99 just to see if I can get it. Only offer is at 19 right now.
Tape slow and spready no surprise, but buyers are coming in and stepping higher. As thin as it may be.
Not exactly a part of my strat/process so I should take what I can get. If at the bell it comes back to entry im out. Expecting it to just blow off right from the bell, if not, I dont need to lose any money to start the day. 2 minutes to go. Great buying coming in.
Had decent pop but nothing special. Exited as sellers came in and stepped lower. Small W. Happy with it.
ROKU
Weak open, pulled back up to vwap + HTF level and we found hidden seller at 102. Got in in frnt but broke him and headed higher.
CODX
Came lower into huge HTF range area, failed and got back above and held with big bids on tape. Got a starter.
Bids kept stepping up I did not get fill for adds. Adding half size higher up.
Came back to 16, bids here added more.
Stepped higher big bid stepped up added more. Looking for HOD, stop just under breakeven as it would fail to hold above range + bids + whole number.
Big bids are here and stepping higher. Stop for sure under 16 right at breakeven.
PT hod at 16.45. Were taking out decent sized offers and bids stacking lower stepping up. Looks like well get there eventually, volume is ok.
Ive got a very steep uptrend line from LOD to work with as profit taking.
Big bid stepped up just before HOD break and got taken out. Still waiting. No reason to think about getting out yet. Gotta deal with pb.
16.70 is where real magic can happen. Will be HTF TL break higher + pmkt range high break. We shall see.
Bids are here and buying gotta hold. Big offers coming in still getting taken out. Vol increasing as we get close to HOD. Looks good.
Super micro pivot high at .25. Will be TL break if it gets there. Dont need to sacraific that much for sake of holding through pb. RR evolves. Dont need to risk .40 cents for .05 more. Were just under HOD.
Not pushing through. TL breaking. Ready to take half if we stuff lower. And we did. Half out early.
Had decent pb and held it for a while makin new range. Couldnt find strength / volume to bring it back up. Out for small W.
------------------------------------------------------------------------
Later on we came down to that range again under vwap. Broke lower and saw 0 tape action. Then the bids came back in. I followed and got in in front.
Added as we ticked higher again. Im a little against the wind here. VWAP is above at .90 Im in at .87 but buying is good and it is ultimately above HTF zone.
Added as bids are stacking higher again and were above vwap. Good vol bump bringing us back up too.
TL break from HOD in play now, we look great to break it.
Tape is great and we are super tight here. 10 star trade Im going to add more if we break this TL for good. Very tight action right now. Stop under last big bid I saw at 15.78
Getting very slow here. Not taking off is a problem.
TL frm LOD in play now If we break lower Im out. Stop is in 15.84 Needs to turn now. Did not and all out.
-------------------------------------------------------
Went a few pennies lower but not much. Vol picked up and bids came back so I got back in. This time big size right from the start. We made new micro range higher into vwap and prev TL. Needs to get and stay above. Buying was great, gott wait and see.
And there was out problem. A hidden seller just above vwap. We broke him, we should be going ripping. Stop is tightened a little.
We stuffed lower and sellers came back in. Stop is in it either gets me or not. .
We keep getting tighter and tighter here. Again didnt get me out, back up to range high. A 16 break is really what we need here.
Its trying again, this time broke mico range weve been in for last half hour. Needs to go. Buying still here.
Stop is moved up. Sometimes getting out breakeven is a gift. Right now its just under it for small L.
Bids here and stepping higher. Lots of things to break here. Needs .98 then 16 then .04
We broke all in one candle with a volume bump. Stop is fine for now. Need to keep longer term idea in play. Will take off when I see warning signs.
Well completely retraces back to entry and we had one last decent bid. Offers reloaded big at 16. Stop is at breakeven. And out
PDD
Good reversal. Over + para + vol + tape. Tried to get big entry add but couldnt get the fill. Got it on a retest of entry but not as big. Solid move to opposite TL. Took half on 1st big bid that showed up and we ticked higher. Other half out at new 1min candle high.
VERI
Another solid reversal with tape action. Showed up late but got chance to get in anyways. Got in and added. Big bid stepped up, once he started getting hit I got all out. Simple good Win.
DAL
So airlines have been relaitvely uneventful all day. Waiting for some kind of action to tell me its squeeze time again and we got a good one in DAL. Made big triangle, failed a break lower under HTF level. Got above and broke higher and pulled back into vwap and previous levels and HTF level.
Buying was not that great but everything else about this trade was so I started building. Got pretty good size and kept adding as we kept taking out levels and big offers. I am looking for HOD which is a ways away.
Vol already stalling as are attempting another HH here after these failed moves lower. Stop must remain. Pretty big here but these are where you gotta push.
Rest of the market is squeezing and has been for some time. DAL and airlines only showing signs of starting one. Must wait.
Possible hidden refresh sellers her at 36. There is a v tight zone here from 36 to 36. 16 we need to get out of. Buying looks great.No need to change stops yet. SPY going parabolic.
Well we have new TL from LOD in play now. And with this selling and inability to get past them i am reducing stop. We keep trying 36 a ton but vol is thinning and he is 100% refreshing over and over.
Ah here it comes. All airlines perking up breaking out right now. Gotta go now or its just a trap. Super tight with new TL from HOD now. Failing lower is good.
Broke lower got out. Will get back in above this range.
Never came, dumped.
ROKU
An all over the place stock, failed lower, failed higher, failed lower, now failing higher again back into HTF range. Had a very low volume pull up back into it + vwap + HOD TL. Saw a decent offer and got in in front. My original entry was too big too early. I didnt give it enough time to retest higher where the true R may or may not be. So avg is a bit skewed and risk off but trade is still good.
Hit levels and finding good R so far. Couldnt hold, stopped out.
------------------------------------------------------
Actually had a solid break higher. Made me start thinking long now that weve had the failure lower and burst of volume come in with low vol pb to HTF and vwap and 102. Got starter as I saw buying as we got back above 102. Added as we ticked higher. Also TL from lower in play and held, will use as stop.
Added more on new range HH. Not a 10 star so no need for big size.
Tape has great buying, but volume is v low here.
Little kick, above 102.58 Is what we really need. Big R, lots of stops surely there.
SPY and other in play names dumping hard.
Pulled down to 102 and held, broke TL lower. Market not improving at the moment. Unless ROKU can find something, it didnt I got out under it.
--------------------------------------------------------
Turned back up and broke that range, went for a scalp above it. Could go either. Pissed. Calling it a day before I turn red. Exit was fine, but never looked for re entry. I get caught up in trading with very limited allowance for time and risk in these later in the afternoon trades.
Kind of a hard day. Names did not make moves at all for sometime. Some looked really good right then and there, only to turn to nothing. All money came from reversals today. Rest was just no follow through. Green is green. Will focus on weekly review.
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