7/13
Coming off of a rough week. Dont need to focus on anything else except taking clean and clear setups, and letting everything else go.
What are my favorite setups on the day and in what direction?
FB L
LULU L
WORK L
SPCE L
1. Get big on a favorite setup
2. Do not settle. Trade off of significant HTF levels only when it is clearly holding above/under it.
3. Dont miss a trade. Be watching it before it gets there.
4. Remember context of trade you are taking. If its a better long, but sets up as a short, its ok to take the short, but remember, its a better long.
Everything pointing higher today. Really expecting some big moves up today.
WORK
Right at bell, right to prev HOD and we found a lot of buying. Was fav so I got big.
Took out huge offers and big bids constantly here.
Made new HOD and just stuffed so hard right back to LOD. Out all.
----------------------------------------------------------
Later on after SPY had failed lower a 3rd time after dumping, WORK was back at prev hod zone and still finding good buying. Got a starter as we broke under it and quickly got back above and added. PA not spectacular here, but can tell that vol is drying up to downside and buying coming in as SPY is ripping higher.
Added again on new big offer break. Looking for a retrace to vwap here. HOD seems possible but not holding out for all of that.
And now vol to the upside is weak as well, buying here with big bids, but were slow and into TL. Needs to see increase if we bust above it. If not I need to reduce stop.
Broke and didnt see a thing. Stop just under breakeven. And out. I think thats a good call. Will have to wait longer for reset.
--------------------------------------------------------
Got it pretty quick. Came up to retest, then lower and failed a break lower. SPY still up and rising. Work still saw good buying lower. Added a lot with fairly low risk and got a good start to the trade. Big size.
Taking out big offers. Into TL again, looking for a good squeeze here. Above HTF but under vwap telling me theres a lot of shorts in here that will want out if we can get a good pop here.
Broke TL with great buying and bids coming in still. Same PT was last trade. Vol not increasing, but price moving up nicely into vwap, again can reduce stop. Small vol bump.
Above vwap, big vol increase, not at PT yet. There it is, half out soon.
Not a thrilling squeeze yet, time will tell. Stop to take is in. And taken. Not happy with action up here. Big vol increase but were going nowhere so sellers are stopping this up move. Going to take more off sooner than later once given new 1min low to work with.
Trade has no business failing anywhere here, so getting out all on break back into range under vwap under .40
Also above both anch vwap from HOD/LOD.
Gave me picot low and made new high. Either all out under pivots, or take half again at new HOD.
Rolled right back lower as SPY also rolled over lower. And out all.
----------------------------------------------------------------------------------------
Much later we made a big triangle and got real tight above vwap. Both anch vwap from HOD/LOD right on top of regular vwap as well for a real nice .5cent area of S. Waiting for bottom TL to also catch up to price to look for re entry. Vol cues are here.
SPCE
Had a super strong pop at the open and came back to test prev hod. Got there and broke under and I waited for bying and saw it. Another fave so got pretty big. Risk a little skewed so not perfect but had what I needed to trade.
Random add a little later off of huge bid that showed up.
SPY was looking strong, then mid long here, started dumping hard. SPCE followed.
Close to stop, would like to add but these conditions are not good.
SPY ripped high, SPCE followed with good vol cues. Looks good to add If I get chance, made new micro high.
Ran into some selling that we did not get past for 1st time. Warning signs.
And ended fast. Quick dump lower breaking TL and all out.
--------------------------------------------------------------------
Again reset with same scenario and same context played out in SPY, just giant flash dump and SPCE fucked me on slippage.
MLCO
Reversal. Solid setup 10 star. Added. Did not see great flush to start. Chopped around a while. Ended up dipping a bit lower but no real follow through and out breakeven.
BNTX
Breaking news and super strong open. Pulled down quick to under vwap and into a huge D bo level and pmkt high at 79. Looking for entry here.
Broke lower pretty hard, but later reclaimed and got back above 79 and held. Looking for entry long again.
Made real nice range just above that d bo level.
Didnt get in but did have nice spike higher and got above levels. Later again came down to test that bo level 79.50, looking for entry.
COST
ATH play. Strong open slowly came down to prev hod and made tight range in between it and vwap. Got a breakdown as market was strong and it started getting bought back up, got a starer but no chance to add and stopped out small L.
FB
Another ATH play. Big selloff under vwap and back under ATH. Later got back above and made nice range just above it. Waited for breakdown to see if long was there and it was. Internals up, SPY was up, everything pointed up and we had good vol cues. Got a starter
Added as we ticked higher. Came close to stopping me out a few times but held so thats good, added when we got above micro range. Pretty big. Max BP. Looking for a break above vwap to take off.
Couldnt find it stopped out.
BLDP
Reversal. Market started getting real heavy. Looking for more.
Tried again later as it was the laggard and no go.
LVGO
Reversal A +. Got somewhat big and had great tape cues, big bids came in after break. Market is all pulling up so waiting on this one.
Huge bids just keep coming in following price. Will use them as exit.
And all out after PT hit. Perfect V shape what I like to see. Got back 2/3 of losses from this.
SPY
Divergence play. Came into TL from HOD and saw some selling. Internals were real cue here as they were not making new highs and SPY also broke it with weak vol. Doesnt matter stopped out.
By a penny, never higher, then 2pm hit and I guess we decided to give up half a point right away.
-----------------------------
Went for reversal as well, no go.
Went for it again, same case, internals still up and moving higher. This time much better start but already seeming to run out of gas, stop tightened.
Back to entry, bounced, stop just under and out.
----------------------------------------
Randomly watching and huge 50k buyer showed up at 318, got in in front, no go.
STZ
Solid reversal setup. Lagged behind SPY and I added twice with really good tape cues. Should go, looks good, bids are here.
Internals rip higher so this needs to be moving, ill move stop as we go if I see warning signs but so far great.
And just as fast we got up, we rolled right back over lower and stopped out.
Well pretty frustrating and annoying day. SPY got me real good each and every single time I placed a long in the morning. As soon as id get in, SPY would start dumping, the stock would hit my stop, then reset for a long again. And repeat.
I missed 2 separate 500$ winners because I stopped out on the penny before it made its moves.
Im almost down my Max D loss. I dont feel bad about it. Again the potential on each and every trade I took today, If followed through would have erased all my losses today. It just sucks to see these trades come so close and screw me, then go the way I want without giving me a chance to get back in.
I wait for low RR trades, I want in where that is the highest and I need to see the action there. Sometimes the problem for me is getting back in, but I wont just get in anywhere.
The number I see makes me feel like an idiot but I know I shouldnt. I was 100% compliant in everything I did today. I managed risk right where I should. I took the trades I should have taken at he locations I should have. I sized up in my best looking trades. The market just was not my friend today. It told me not today.
I mean I took 42 trades with 100% compliance. Nothing was settling for less. There was a lot of opportunity today I could not catch a solid win.
For my own sanity, going to rewatch the day now and double check everything.
-------------------------------------------------------------------------------------------------
1st WORK. A+ long with tape cues, got huge, right to PT and then STUFFED me hard stop out -.5R loss. Bull.
2nd SPCE another A+ with tape cues and vol. Again got big, Trade looked so good when it made a new recent high, but did run into a large ish seller. Either way should not have been reason alone to get out early given everything else. SPY then failed a break higher and dumped a quick half dollar leading to SPCE getting me out for another half R loss.
Both these trades combined had potential of +$750, and I ended with -$92. That seems like good trades to me.
3rd SPCE re entry again still at good location and on failed breakdown, for the moment.This is when SPY failed another break higher and dumped more than a point, also hadnt gotten to the point I could size more on it, but took an extra .15 cents trying to get out for a -1.5R loss. Whatever, still trying to get a $500 win from risking $70.
4th Back to WORK. Great spot, great tape, great entry. AGAIN. SPY breaking out, this time actually stuck and held and trended. WORK A+ cues again, got big. No follow through, saw warning signs, got out at breakeven, looked to get back in. Risked $100 to make $300+ left with -$10.
5th Got the re entry on WORK. This time after a failed breakdown. A+, got big again. Pushed. SPY still ripping higher. Same RR as before but higher probability. Got to PT and right away saw warning signs. Vol was big, but candles small, sellers absorbing all above vwap. Took half as I should. Pulled into give me new stop to work with, got it, retested top end of range, broke higher, now SPY dumped a half point and continued lower for a flash, stopping me out of WORK. I wanted back in lower again. Never got it. Stopped out on the penny. Move 2 points higher later in the day. With 450 shares If I had it on and followed PT rules, that last half would have been +$600 F me.
6th MLCO reversal. Good setup, just didnt go, is fine.
Dead time for 3 hours no trades.
7th. COST attempted catch long on failed range breakdown into HTF. No go. Fine. Small size, never added. Small loss
8th. FB market still strong, FB at ATH. Pulled into vwap + prev ATH and made a sloppy range around it. Got breakdown into it and saw buying. Looked good SPY at HOD. This was THE top in SPY right before it rolled over and gained momentum lower, FB of course follows and im all out full loss.
Then came reversal time
9th BLDP was good, just didnt go.
10th LVGO A+ did go and cut my losses by 2/3rds
11th SPY divergence short. Was A+ as well. Everything pointed lower but SPY had to tick me out to the penny and never went higher. Should I have gotten back in? Yes, and I tried to. but before I could, some freak 2pm vol surge came in and stuffed price .30 cents lower, so I was stuck waiting for a better RR trade. Never came. Fight for price. Missed a $700 win. Wouldve caught all of it because...
12th SPY turned right into a reversal setup. Tried it twice. 1st failed full stop, 2nd reset and still failed only -.5R
13th STZ great A+, no go
14th ROST A+ no go. Perhaps too late in the day at this point to expect much of a reversal after all of the market weakness. Regardless it gave me everything I needed to see.
So lets see Overall my max MFE on the day was +1500 while MAE was -800 and I finished -$400.
And I know I am missing out on +$1300 of gains that just ever so slightly slipped through the cracks. Sucks. But I know I did what I needed to do and I will get the same chances again tomorrow. Just gotta keep pressing, the good wins are very near and If I keep trading like I did today, I will get rewarded for it.
What are my favorite setups on the day and in what direction?
FB L
LULU L
WORK L
SPCE L
1. Get big on a favorite setup
2. Do not settle. Trade off of significant HTF levels only when it is clearly holding above/under it.
3. Dont miss a trade. Be watching it before it gets there.
4. Remember context of trade you are taking. If its a better long, but sets up as a short, its ok to take the short, but remember, its a better long.
Everything pointing higher today. Really expecting some big moves up today.
WORK
Right at bell, right to prev HOD and we found a lot of buying. Was fav so I got big.
Took out huge offers and big bids constantly here.
Made new HOD and just stuffed so hard right back to LOD. Out all.
----------------------------------------------------------
Later on after SPY had failed lower a 3rd time after dumping, WORK was back at prev hod zone and still finding good buying. Got a starter as we broke under it and quickly got back above and added. PA not spectacular here, but can tell that vol is drying up to downside and buying coming in as SPY is ripping higher.
Added again on new big offer break. Looking for a retrace to vwap here. HOD seems possible but not holding out for all of that.
And now vol to the upside is weak as well, buying here with big bids, but were slow and into TL. Needs to see increase if we bust above it. If not I need to reduce stop.
Broke and didnt see a thing. Stop just under breakeven. And out. I think thats a good call. Will have to wait longer for reset.
--------------------------------------------------------
Got it pretty quick. Came up to retest, then lower and failed a break lower. SPY still up and rising. Work still saw good buying lower. Added a lot with fairly low risk and got a good start to the trade. Big size.
Taking out big offers. Into TL again, looking for a good squeeze here. Above HTF but under vwap telling me theres a lot of shorts in here that will want out if we can get a good pop here.
Broke TL with great buying and bids coming in still. Same PT was last trade. Vol not increasing, but price moving up nicely into vwap, again can reduce stop. Small vol bump.
Above vwap, big vol increase, not at PT yet. There it is, half out soon.
Not a thrilling squeeze yet, time will tell. Stop to take is in. And taken. Not happy with action up here. Big vol increase but were going nowhere so sellers are stopping this up move. Going to take more off sooner than later once given new 1min low to work with.
Trade has no business failing anywhere here, so getting out all on break back into range under vwap under .40
Also above both anch vwap from HOD/LOD.
Gave me picot low and made new high. Either all out under pivots, or take half again at new HOD.
Rolled right back lower as SPY also rolled over lower. And out all.
----------------------------------------------------------------------------------------
Much later we made a big triangle and got real tight above vwap. Both anch vwap from HOD/LOD right on top of regular vwap as well for a real nice .5cent area of S. Waiting for bottom TL to also catch up to price to look for re entry. Vol cues are here.
SPCE
Had a super strong pop at the open and came back to test prev hod. Got there and broke under and I waited for bying and saw it. Another fave so got pretty big. Risk a little skewed so not perfect but had what I needed to trade.
Random add a little later off of huge bid that showed up.
SPY was looking strong, then mid long here, started dumping hard. SPCE followed.
Close to stop, would like to add but these conditions are not good.
SPY ripped high, SPCE followed with good vol cues. Looks good to add If I get chance, made new micro high.
Ran into some selling that we did not get past for 1st time. Warning signs.
And ended fast. Quick dump lower breaking TL and all out.
--------------------------------------------------------------------
Again reset with same scenario and same context played out in SPY, just giant flash dump and SPCE fucked me on slippage.
MLCO
Reversal. Solid setup 10 star. Added. Did not see great flush to start. Chopped around a while. Ended up dipping a bit lower but no real follow through and out breakeven.
BNTX
Breaking news and super strong open. Pulled down quick to under vwap and into a huge D bo level and pmkt high at 79. Looking for entry here.
Broke lower pretty hard, but later reclaimed and got back above 79 and held. Looking for entry long again.
Made real nice range just above that d bo level.
Didnt get in but did have nice spike higher and got above levels. Later again came down to test that bo level 79.50, looking for entry.
COST
ATH play. Strong open slowly came down to prev hod and made tight range in between it and vwap. Got a breakdown as market was strong and it started getting bought back up, got a starer but no chance to add and stopped out small L.
FB
Another ATH play. Big selloff under vwap and back under ATH. Later got back above and made nice range just above it. Waited for breakdown to see if long was there and it was. Internals up, SPY was up, everything pointed up and we had good vol cues. Got a starter
Added as we ticked higher. Came close to stopping me out a few times but held so thats good, added when we got above micro range. Pretty big. Max BP. Looking for a break above vwap to take off.
Couldnt find it stopped out.
BLDP
Reversal. Market started getting real heavy. Looking for more.
Tried again later as it was the laggard and no go.
LVGO
Reversal A +. Got somewhat big and had great tape cues, big bids came in after break. Market is all pulling up so waiting on this one.
Huge bids just keep coming in following price. Will use them as exit.
And all out after PT hit. Perfect V shape what I like to see. Got back 2/3 of losses from this.
SPY
Divergence play. Came into TL from HOD and saw some selling. Internals were real cue here as they were not making new highs and SPY also broke it with weak vol. Doesnt matter stopped out.
By a penny, never higher, then 2pm hit and I guess we decided to give up half a point right away.
-----------------------------
Went for reversal as well, no go.
Went for it again, same case, internals still up and moving higher. This time much better start but already seeming to run out of gas, stop tightened.
Back to entry, bounced, stop just under and out.
----------------------------------------
Randomly watching and huge 50k buyer showed up at 318, got in in front, no go.
STZ
Solid reversal setup. Lagged behind SPY and I added twice with really good tape cues. Should go, looks good, bids are here.
Internals rip higher so this needs to be moving, ill move stop as we go if I see warning signs but so far great.
And just as fast we got up, we rolled right back over lower and stopped out.
Well pretty frustrating and annoying day. SPY got me real good each and every single time I placed a long in the morning. As soon as id get in, SPY would start dumping, the stock would hit my stop, then reset for a long again. And repeat.
I missed 2 separate 500$ winners because I stopped out on the penny before it made its moves.
Im almost down my Max D loss. I dont feel bad about it. Again the potential on each and every trade I took today, If followed through would have erased all my losses today. It just sucks to see these trades come so close and screw me, then go the way I want without giving me a chance to get back in.
I wait for low RR trades, I want in where that is the highest and I need to see the action there. Sometimes the problem for me is getting back in, but I wont just get in anywhere.
The number I see makes me feel like an idiot but I know I shouldnt. I was 100% compliant in everything I did today. I managed risk right where I should. I took the trades I should have taken at he locations I should have. I sized up in my best looking trades. The market just was not my friend today. It told me not today.
I mean I took 42 trades with 100% compliance. Nothing was settling for less. There was a lot of opportunity today I could not catch a solid win.
For my own sanity, going to rewatch the day now and double check everything.
-------------------------------------------------------------------------------------------------
1st WORK. A+ long with tape cues, got huge, right to PT and then STUFFED me hard stop out -.5R loss. Bull.
2nd SPCE another A+ with tape cues and vol. Again got big, Trade looked so good when it made a new recent high, but did run into a large ish seller. Either way should not have been reason alone to get out early given everything else. SPY then failed a break higher and dumped a quick half dollar leading to SPCE getting me out for another half R loss.
Both these trades combined had potential of +$750, and I ended with -$92. That seems like good trades to me.
3rd SPCE re entry again still at good location and on failed breakdown, for the moment.This is when SPY failed another break higher and dumped more than a point, also hadnt gotten to the point I could size more on it, but took an extra .15 cents trying to get out for a -1.5R loss. Whatever, still trying to get a $500 win from risking $70.
4th Back to WORK. Great spot, great tape, great entry. AGAIN. SPY breaking out, this time actually stuck and held and trended. WORK A+ cues again, got big. No follow through, saw warning signs, got out at breakeven, looked to get back in. Risked $100 to make $300+ left with -$10.
5th Got the re entry on WORK. This time after a failed breakdown. A+, got big again. Pushed. SPY still ripping higher. Same RR as before but higher probability. Got to PT and right away saw warning signs. Vol was big, but candles small, sellers absorbing all above vwap. Took half as I should. Pulled into give me new stop to work with, got it, retested top end of range, broke higher, now SPY dumped a half point and continued lower for a flash, stopping me out of WORK. I wanted back in lower again. Never got it. Stopped out on the penny. Move 2 points higher later in the day. With 450 shares If I had it on and followed PT rules, that last half would have been +$600 F me.
6th MLCO reversal. Good setup, just didnt go, is fine.
Dead time for 3 hours no trades.
7th. COST attempted catch long on failed range breakdown into HTF. No go. Fine. Small size, never added. Small loss
8th. FB market still strong, FB at ATH. Pulled into vwap + prev ATH and made a sloppy range around it. Got breakdown into it and saw buying. Looked good SPY at HOD. This was THE top in SPY right before it rolled over and gained momentum lower, FB of course follows and im all out full loss.
Then came reversal time
9th BLDP was good, just didnt go.
10th LVGO A+ did go and cut my losses by 2/3rds
11th SPY divergence short. Was A+ as well. Everything pointed lower but SPY had to tick me out to the penny and never went higher. Should I have gotten back in? Yes, and I tried to. but before I could, some freak 2pm vol surge came in and stuffed price .30 cents lower, so I was stuck waiting for a better RR trade. Never came. Fight for price. Missed a $700 win. Wouldve caught all of it because...
12th SPY turned right into a reversal setup. Tried it twice. 1st failed full stop, 2nd reset and still failed only -.5R
13th STZ great A+, no go
14th ROST A+ no go. Perhaps too late in the day at this point to expect much of a reversal after all of the market weakness. Regardless it gave me everything I needed to see.
So lets see Overall my max MFE on the day was +1500 while MAE was -800 and I finished -$400.
And I know I am missing out on +$1300 of gains that just ever so slightly slipped through the cracks. Sucks. But I know I did what I needed to do and I will get the same chances again tomorrow. Just gotta keep pressing, the good wins are very near and If I keep trading like I did today, I will get rewarded for it.
Comments
Post a Comment