6/9 DRC
So much going on. A little overwhelming. At least I have no experience shorting stocks that have had huge runs ups so that will eliminate some names im watching today. But there is a ton to look out for today. Didnt get to sleep on time, woke up late. Did the work I need but feel rushed. And now that I know in the past I trade poor when im like this, I can be extra cautious with what I take today.
Markets hot. Lots of opportunity, gotta be on top of things. No room for error its time to step on the gas.
1. Stay aggro. Add to 10star best setups.
2. Follow PT rules
3. Take the best leave the rest. Wait for setups to become clean and clear above/under HTF levels.
BA
Scalp trade. Huge bid at 215 taking in hundreds of thousands. Finally broke and got short. Didnt flush, tiny loss.
AAXN
High and tight flag around ATH on huge breakout with volume after a failed attempted breakdown. A+ scalp and got in starter on new range high. 2nd range high just above and adding there too. A scalp as well, not clean pb to get in LT yet. Has what I need to see, just waiting.
Added on tape as it broke 100 with buying.
Couldnt go stopped out, looking at other names in play.
Never went a penny lower and ripped up a point.
NCLH
Weak all day, came up to vwap + HTF levels and saw tons of selling abosrbtion. Big offer came in and was stepping lower with price. Not a great fill with size but I am in and want to be.
Got above vwap again and seller showed up again, doubled size. Getting v tight above vwap. Buyers seem to not let it close under, hidden refresh sellers are here.
Lots of buying, unable to get past these big offers and hidden.
We started ticking lower making new range low and I added more. Reduce stop again above last refresh hidden sellers. Looking for a LOD push.
PA is not super super clean here, we found selling just above HTF levels, really need to see us holding under 24.10 or prev lod.
Unable to hold under those lows, still plenty of buying, starting to look pretty squeezy. Now ultimately were holding above these HTF levels. Reducing stop more above last hidden refresh seller at .40
New range low, needs vol confirmation and to lose .10 at whole number. Still have to deal with loss.
Other names doing the same low consolidation failing lower thing.
And starting to pop up. Im taking this as warning signs and getting out breakeven if it gets there again. And it did. All out.
Was the right called, ripped up past .50
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Much later in day it ripped above all HTF levels and came back to them + vwap. We found a lot of buying underneath and spiked back above and I got a starter. Added as we ticked higher.
Ran into hidden refresh sellers again and was unable to make a move higher. Stopped out on new low.
Did not move any lower and reclaimed vwap spiking back up along iwth rest of cruise/airliners.
AMZN
A reversal of all things. Super strong, very overextended. Whole market going para and AMZN gave me what I needed. Though after entry SPY just kept going, AMZN came into contact with uptrend line and SPY REALLY got para. Got out tiny win before it exploded again.
UAL
Same as others, weak open, spike ripped shorts and drifted back to vwap + HTF levels. Got really tight just above HTF levels and TL from LOD. Waiting for more action near TL before entry. VWAP still untouched.
Low volume, SPY and rest the same. Trying to break higher frm minor TLs but not finding it, may not be done with weakness yet.
And suddenly we have hidden buyer vs seller at .50
Other airlines weak. and downtrending.
Ended up seeing huge sell come in, got in in front for tiny scalp win.
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Now that we have weakness everywhere. Looking for shorts on pb to HTF levels. If we can hold under.
Changed to strength pretty quick. GOt above HTF d hi level and we saw a lot of buying I got a starter. Right away went stright to SL + HTF and failed to move lower, added again. Airlines also popping up now with SPY and internals.
Doubled once we broke higher from range. PT is HOD, expecting the good old squeezes out there to continue why not. Its late in day and will have to trade move to move still but HOD is not out of the question. Excellent start to the trade. Big volume kick + range high. TL from HOD almost in play. Above 45 is next key break.
In fact, HOD is 46.10 Big break is 45. Im thinking I should change pt to 45 instead as it will
1. allow me to lock profits in
2. Take move to move situations,
3. Lessen expectations were going to squeeze the rest of the day. We shall see what happens at TL break.
Came right to TL 1st thing and seeing some selling.
Broke and with good volume. Other airlines still strong and SPY back above vwap and holding. Things look good here. Must hold.
This is an A+ start to this trade. Right to 45 and seeing wall of selling but buying is fantastic. I think im going to need to hold this for new HOD given strength right now.
45-45.40 might be a tough area to get through, lots of previous R, turned S, turned R.
Broke 45 and stuff candle lower. Airlines same. Lots of sympathy out there right now.
Some real big offers at 45 and just above. I have a new 1min pivot im going to treat as an early take half. 10 star trade, im big, im red on the day, I can make it a green day. Im going to make sure I leave with more money in my acc than yesterday. If we get back lower of course. Seeing a lot of selling right now around 45. Buying too but only price pays.
Stuffed lower again, failed to make new high. Other airlines the same. Out half, shame.
Dumped .20 cents after exit, next candle ripped right back up to 45. Bizarre. Huge vol increase at 45 but candles not moving higher. Been given a new stop to work with too on that dump lower.
Only place I see worth adding back in is if we get above this range were making above 45 and hold a pb with lots more buying. At this rate not sure we can break through. But we do, other airlines following.
New TL in play. Offers still huge but so much buying is coming in. Refresh seller is here. SPY also breaking higher from TL. Other airlines weak, pulling back in. Tough trade. Have to deal with giving back. Will get out if I see refresh seller above 45 again. Will get back in above him.
Im not happy with this anymore. Getting out early on new recent low. We lost TL, vol died on pb to reclaim in, other airlines dropping. Added with refresh sellers, ill take what I can from this one. Will look to get back in on other major TL + prev LOD retest.
Ended up pulling back up with the rest of them anyways, still in. Watching for sellers here for early exit.
Hes here, but we keep getting above him. Not sure what I need to do here. If we keep buying and moving higher theres no reason to get out, but if he keeps reappearing and dumping on price, why stay in if im eventually going to get stopped out.
Well he flashed size and stuffed price lower again, along with other weakness in airlines so im out all now under whole number. Waiting for deeper pullback to get in again.
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Making a new triangle from HOD and LOD and getting very tight around 45. Not chasing, waiting on pb. Other airlines trying higher again.
Excellent spot to get in at 44.85 will be TL + recent range low.
45 starting to see big bids. Almost at the apex here. Still want that failed move lower 1st.
Around now is the time you see serious size players come in and show size. If I see him on long side ill hop in in front.
So tight. 45.13 for range break higher. Volume has dried up. Airlines trying to pop again. Not as strong. SPY still up and moving higher.
Broke higher with no volume, rolling back lower to TL + 45
AAL just blew up, UAL reacted for a moment, DAL still not breaking higher. Trade is not clea, Will have to wait for some failure lower.
Now all breaking higher. I see no way in yet.
SNPS
Reversal, not A+ but was there. Price action very choppy and left with an early exit. SPY dumped a point in a minute and we had no reaction. Got out as offer came back up to entry.
BA
Very weak move right into HTF level and a reversal setup. Tape was off but held up nicely. I added as we made new 1min high and tried to put in stop order but told me it was rejected. Took way larger of a loss than I wanted.
Rewatched vid, put 219.89 for stop instead of 218.89. F.
Later on settled down along SPY and coiled for a nice triangle. Went long on range break higher for quick scalp.
Today was just odd. Odd for me mentally, still dont feel quite awake. Starting to look/take boredom trades just scalping breakouts. Need to leave the desk.
Things never really got that clean today. UAL a solid win, but no serious follow through. Everything else not easy either. AAXN sucks it didnt go right away but as usual best trades are on pull ins not the break. Try again tomorrow.
Markets hot. Lots of opportunity, gotta be on top of things. No room for error its time to step on the gas.
1. Stay aggro. Add to 10star best setups.
2. Follow PT rules
3. Take the best leave the rest. Wait for setups to become clean and clear above/under HTF levels.
BA
Scalp trade. Huge bid at 215 taking in hundreds of thousands. Finally broke and got short. Didnt flush, tiny loss.
AAXN
High and tight flag around ATH on huge breakout with volume after a failed attempted breakdown. A+ scalp and got in starter on new range high. 2nd range high just above and adding there too. A scalp as well, not clean pb to get in LT yet. Has what I need to see, just waiting.
Added on tape as it broke 100 with buying.
Couldnt go stopped out, looking at other names in play.
Never went a penny lower and ripped up a point.
NCLH
Weak all day, came up to vwap + HTF levels and saw tons of selling abosrbtion. Big offer came in and was stepping lower with price. Not a great fill with size but I am in and want to be.
Got above vwap again and seller showed up again, doubled size. Getting v tight above vwap. Buyers seem to not let it close under, hidden refresh sellers are here.
Lots of buying, unable to get past these big offers and hidden.
We started ticking lower making new range low and I added more. Reduce stop again above last refresh hidden sellers. Looking for a LOD push.
PA is not super super clean here, we found selling just above HTF levels, really need to see us holding under 24.10 or prev lod.
Unable to hold under those lows, still plenty of buying, starting to look pretty squeezy. Now ultimately were holding above these HTF levels. Reducing stop more above last hidden refresh seller at .40
New range low, needs vol confirmation and to lose .10 at whole number. Still have to deal with loss.
Other names doing the same low consolidation failing lower thing.
And starting to pop up. Im taking this as warning signs and getting out breakeven if it gets there again. And it did. All out.
Was the right called, ripped up past .50
--------------------------------------------------------------------------------------
Much later in day it ripped above all HTF levels and came back to them + vwap. We found a lot of buying underneath and spiked back above and I got a starter. Added as we ticked higher.
Ran into hidden refresh sellers again and was unable to make a move higher. Stopped out on new low.
Did not move any lower and reclaimed vwap spiking back up along iwth rest of cruise/airliners.
AMZN
A reversal of all things. Super strong, very overextended. Whole market going para and AMZN gave me what I needed. Though after entry SPY just kept going, AMZN came into contact with uptrend line and SPY REALLY got para. Got out tiny win before it exploded again.
UAL
Same as others, weak open, spike ripped shorts and drifted back to vwap + HTF levels. Got really tight just above HTF levels and TL from LOD. Waiting for more action near TL before entry. VWAP still untouched.
Low volume, SPY and rest the same. Trying to break higher frm minor TLs but not finding it, may not be done with weakness yet.
And suddenly we have hidden buyer vs seller at .50
Other airlines weak. and downtrending.
Ended up seeing huge sell come in, got in in front for tiny scalp win.
---------------------------------------------------------------
Now that we have weakness everywhere. Looking for shorts on pb to HTF levels. If we can hold under.
Changed to strength pretty quick. GOt above HTF d hi level and we saw a lot of buying I got a starter. Right away went stright to SL + HTF and failed to move lower, added again. Airlines also popping up now with SPY and internals.
Doubled once we broke higher from range. PT is HOD, expecting the good old squeezes out there to continue why not. Its late in day and will have to trade move to move still but HOD is not out of the question. Excellent start to the trade. Big volume kick + range high. TL from HOD almost in play. Above 45 is next key break.
In fact, HOD is 46.10 Big break is 45. Im thinking I should change pt to 45 instead as it will
1. allow me to lock profits in
2. Take move to move situations,
3. Lessen expectations were going to squeeze the rest of the day. We shall see what happens at TL break.
Came right to TL 1st thing and seeing some selling.
Broke and with good volume. Other airlines still strong and SPY back above vwap and holding. Things look good here. Must hold.
This is an A+ start to this trade. Right to 45 and seeing wall of selling but buying is fantastic. I think im going to need to hold this for new HOD given strength right now.
45-45.40 might be a tough area to get through, lots of previous R, turned S, turned R.
Broke 45 and stuff candle lower. Airlines same. Lots of sympathy out there right now.
Some real big offers at 45 and just above. I have a new 1min pivot im going to treat as an early take half. 10 star trade, im big, im red on the day, I can make it a green day. Im going to make sure I leave with more money in my acc than yesterday. If we get back lower of course. Seeing a lot of selling right now around 45. Buying too but only price pays.
Stuffed lower again, failed to make new high. Other airlines the same. Out half, shame.
Dumped .20 cents after exit, next candle ripped right back up to 45. Bizarre. Huge vol increase at 45 but candles not moving higher. Been given a new stop to work with too on that dump lower.
Only place I see worth adding back in is if we get above this range were making above 45 and hold a pb with lots more buying. At this rate not sure we can break through. But we do, other airlines following.
New TL in play. Offers still huge but so much buying is coming in. Refresh seller is here. SPY also breaking higher from TL. Other airlines weak, pulling back in. Tough trade. Have to deal with giving back. Will get out if I see refresh seller above 45 again. Will get back in above him.
Im not happy with this anymore. Getting out early on new recent low. We lost TL, vol died on pb to reclaim in, other airlines dropping. Added with refresh sellers, ill take what I can from this one. Will look to get back in on other major TL + prev LOD retest.
Ended up pulling back up with the rest of them anyways, still in. Watching for sellers here for early exit.
Hes here, but we keep getting above him. Not sure what I need to do here. If we keep buying and moving higher theres no reason to get out, but if he keeps reappearing and dumping on price, why stay in if im eventually going to get stopped out.
Well he flashed size and stuffed price lower again, along with other weakness in airlines so im out all now under whole number. Waiting for deeper pullback to get in again.
------------------------------------------------------------------------------------
Making a new triangle from HOD and LOD and getting very tight around 45. Not chasing, waiting on pb. Other airlines trying higher again.
Excellent spot to get in at 44.85 will be TL + recent range low.
45 starting to see big bids. Almost at the apex here. Still want that failed move lower 1st.
Around now is the time you see serious size players come in and show size. If I see him on long side ill hop in in front.
So tight. 45.13 for range break higher. Volume has dried up. Airlines trying to pop again. Not as strong. SPY still up and moving higher.
Broke higher with no volume, rolling back lower to TL + 45
AAL just blew up, UAL reacted for a moment, DAL still not breaking higher. Trade is not clea, Will have to wait for some failure lower.
Now all breaking higher. I see no way in yet.
SNPS
Reversal, not A+ but was there. Price action very choppy and left with an early exit. SPY dumped a point in a minute and we had no reaction. Got out as offer came back up to entry.
BA
Very weak move right into HTF level and a reversal setup. Tape was off but held up nicely. I added as we made new 1min high and tried to put in stop order but told me it was rejected. Took way larger of a loss than I wanted.
Rewatched vid, put 219.89 for stop instead of 218.89. F.
Later on settled down along SPY and coiled for a nice triangle. Went long on range break higher for quick scalp.
Today was just odd. Odd for me mentally, still dont feel quite awake. Starting to look/take boredom trades just scalping breakouts. Need to leave the desk.
Things never really got that clean today. UAL a solid win, but no serious follow through. Everything else not easy either. AAXN sucks it didnt go right away but as usual best trades are on pull ins not the break. Try again tomorrow.
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