7/14 DRC
Was a rough day yesterday. Lots of opportunity, no follow through. That or stopped out only to see it go right back where I wanted. I was 100% compliant. Thats what matters in the end. Need to make sure im doing the same thing today and the market will give me my profits when I deserve to get them. Just need to be on my game again.
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. Re enter trades, right away if necessary
Big sell off failed breakout in SPY leading to huge selloff. Expecting that to continue. A lot of other shorts as well. Tons of reversal plays out there. Some seriously over extended moves that have a long way to go to the downside before id expect them to settle down and build.
If the market does decide to bounce today and recover to the upside, I really dont have any plans for that so my day may be pretty boring. But if the shortside wants to continue on, ill be busy all day probably.
FB S
ROKU S
COST S
LULU S
BNTX S
SPY S
LULU
SPY did not completely fail at the open, but LULU was. It made new HOD on super low vol and found no strength above, once it started rolling over I got a starter and tried to add as we went lower but no fill.
SPY started looking like it was rolling over lower as well. And it did, coming back to HTF level.
We went lower right to vwap, still looking for a bigger breakdown here under it past mini pivot.
SPY rolled over real hard and LULU was ahead of the game. Small size unfortunately didnt get the bigger fill in, so looking to get all out.
Ended up making a new LOD. Really sucks not big size. These are the trades that give me back everything I lost and then some.
SPY starting to find S and turn up after a real nice flush, LULU the same. And all out.
SPOT
Like the rest weak open and good D pattern. Came up with market under a D lo and made tight range. Great spot to find R and fail a breakout higher into another HTF level. SPY is up and internals up making new HOD. Will need them to fail as well here.
Got what I needed and looked great to start, but couldnt find the weakness and stopped out.
AAPL
Whole upmove here on SPY was with weak vol and internals also not making HH getting weaker. AAPL coming right into prev lod on a break above vwap, looking for a short.
And we got it, added with failed breakout higher up. SPY started turning and AAPL seemed to follow. Got a starter and added. Both making rising wedge and looking ugly, good start to each. Looking for a breakdown of pivot to take half.
Got under vwap. We have confirmation across the board here, stop tightened, no way this needs to turn into a loser.
SPY not flushing as much as id like to see back to HTF zone, but holding lower after breakdown of TLs. AAPL relative weakness.
PT hit, taking half soon. SPY dumping but still has to lose vwap again now. AAPL broke pivot with v low vol and turned up on me pretty good. Gave up a little less than a point on exit.
Internals starting to recover some ground here, acting bullish with SPY bearish. SPY ripping higher now. AAPL rippigng up too. Few levels to hold under but stop is in just before entry above vwap + whole # 381.
Internals made new highs and then turned right back lower even harder. AAPL new low again. Holding out for LOD. Expecting dump to commence if SPY can stay under vwap. Lots of S for it though. Conditions do look good for it, price must confirm.
SPY cannot seem to lose this big in play level from 314.60 - .40. Making me think I should cover more on AAPL. SPY is in a bullish spot given we have failed to hold under any of these levels. Now ripping higher again. AAPL maybe be in a weak spot, but it wont do a thing lower if SPY wants higher.
New stop is in for all out on AAPL. Great re entry spot with TL from HOD + vwap + prev lod to get back in if I see weakness there. Not so certain I will though. Internals strong. SPY looking much stronger.
All out for moment.
And we did see good rejection there, got back in and added on failed pb. SPY not rising, looking like we can roll lower. Internals failed to make new highs, but did not make new lows. SPY also held higher and turning up.
Until it didnt, and started rolling over lower again. Cannot find myself wanting to add to AAPL yet, things were not super clear and while PA tells me it is weak, its going to break higher and stop me out if SPY went higher too. No regrets with size here given status of market at the time.
We did roll lower with SPY. Im a point up and dont think this needs to be a lower anymore so stop tightened.
And faster than we went lower, we ripped right back up and im out small W. Canot look for long unless we fail a break higher again.
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There is a divergence in the market right now. SPY price is up while internals do not reflect this at all. Still did not make new lows, but not making new highs. SPY broke range higher and got stuffed to start, but trying again.
Tried starter again, very quick in and out. There is selling here.
Got back in as we tested and reject lower again, and added. P big here, still 10 star and favorite. SPY still making me a bit nervous it is not failing yet but all signs are here it should.
Feeling like im getting shaken out. Moving stop up, SPY not rolling, AAPL did with low vol into vwap and found S. Getting out sooner than later. Hit vwap, pulled up, gave me new spot for tiny loss.
And out, just not losing it, I dont need to be sized up and big when market is this questionable.
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Internals started ramping up, SPY followed from TL and acted right. AAPL soon followed higher. Saved some money exiting earlier.
Think im going to call it early today. Its noon and SPY had its dump back to big S level and held it bouncing higher pretty quick. I probably could stick around and dig for some longs, but as I said in the beginning of the day, that was not my ideal trading environment. So I will let it be.
I did exactly what I set out to do today. I wanted to trade the same way I did yesterday and whatever happens, happens. Market did decide to reward me today. I read the internals well and played alongside SPY perfectly. Only regret is not getting that extra fill on LULU, wouldve doubled that win.
But this is why I cant get down on myself about anything. Sometimes its just the way the market goes and luckily today I was able to get some good wins in, and had some huge potential for some other ones. Still stepping on the gas.
These are fun times to be trading, lots of opportunity, plenty to do, plenty of good RR trades to take. Just gotta make sure I stay on my best and keep at it. Big wins will come when they are supposed to.
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. Re enter trades, right away if necessary
Big sell off failed breakout in SPY leading to huge selloff. Expecting that to continue. A lot of other shorts as well. Tons of reversal plays out there. Some seriously over extended moves that have a long way to go to the downside before id expect them to settle down and build.
If the market does decide to bounce today and recover to the upside, I really dont have any plans for that so my day may be pretty boring. But if the shortside wants to continue on, ill be busy all day probably.
FB S
ROKU S
COST S
LULU S
BNTX S
SPY S
LULU
SPY did not completely fail at the open, but LULU was. It made new HOD on super low vol and found no strength above, once it started rolling over I got a starter and tried to add as we went lower but no fill.
SPY started looking like it was rolling over lower as well. And it did, coming back to HTF level.
We went lower right to vwap, still looking for a bigger breakdown here under it past mini pivot.
SPY rolled over real hard and LULU was ahead of the game. Small size unfortunately didnt get the bigger fill in, so looking to get all out.
Ended up making a new LOD. Really sucks not big size. These are the trades that give me back everything I lost and then some.
SPY starting to find S and turn up after a real nice flush, LULU the same. And all out.
SPOT
Like the rest weak open and good D pattern. Came up with market under a D lo and made tight range. Great spot to find R and fail a breakout higher into another HTF level. SPY is up and internals up making new HOD. Will need them to fail as well here.
Got what I needed and looked great to start, but couldnt find the weakness and stopped out.
AAPL
Whole upmove here on SPY was with weak vol and internals also not making HH getting weaker. AAPL coming right into prev lod on a break above vwap, looking for a short.
And we got it, added with failed breakout higher up. SPY started turning and AAPL seemed to follow. Got a starter and added. Both making rising wedge and looking ugly, good start to each. Looking for a breakdown of pivot to take half.
Got under vwap. We have confirmation across the board here, stop tightened, no way this needs to turn into a loser.
SPY not flushing as much as id like to see back to HTF zone, but holding lower after breakdown of TLs. AAPL relative weakness.
PT hit, taking half soon. SPY dumping but still has to lose vwap again now. AAPL broke pivot with v low vol and turned up on me pretty good. Gave up a little less than a point on exit.
Internals starting to recover some ground here, acting bullish with SPY bearish. SPY ripping higher now. AAPL rippigng up too. Few levels to hold under but stop is in just before entry above vwap + whole # 381.
Internals made new highs and then turned right back lower even harder. AAPL new low again. Holding out for LOD. Expecting dump to commence if SPY can stay under vwap. Lots of S for it though. Conditions do look good for it, price must confirm.
SPY cannot seem to lose this big in play level from 314.60 - .40. Making me think I should cover more on AAPL. SPY is in a bullish spot given we have failed to hold under any of these levels. Now ripping higher again. AAPL maybe be in a weak spot, but it wont do a thing lower if SPY wants higher.
New stop is in for all out on AAPL. Great re entry spot with TL from HOD + vwap + prev lod to get back in if I see weakness there. Not so certain I will though. Internals strong. SPY looking much stronger.
All out for moment.
And we did see good rejection there, got back in and added on failed pb. SPY not rising, looking like we can roll lower. Internals failed to make new highs, but did not make new lows. SPY also held higher and turning up.
Until it didnt, and started rolling over lower again. Cannot find myself wanting to add to AAPL yet, things were not super clear and while PA tells me it is weak, its going to break higher and stop me out if SPY went higher too. No regrets with size here given status of market at the time.
We did roll lower with SPY. Im a point up and dont think this needs to be a lower anymore so stop tightened.
And faster than we went lower, we ripped right back up and im out small W. Canot look for long unless we fail a break higher again.
------------------------------------------------------------------------
There is a divergence in the market right now. SPY price is up while internals do not reflect this at all. Still did not make new lows, but not making new highs. SPY broke range higher and got stuffed to start, but trying again.
Tried starter again, very quick in and out. There is selling here.
Got back in as we tested and reject lower again, and added. P big here, still 10 star and favorite. SPY still making me a bit nervous it is not failing yet but all signs are here it should.
Feeling like im getting shaken out. Moving stop up, SPY not rolling, AAPL did with low vol into vwap and found S. Getting out sooner than later. Hit vwap, pulled up, gave me new spot for tiny loss.
And out, just not losing it, I dont need to be sized up and big when market is this questionable.
---------------------------------------------------------------------------------
Internals started ramping up, SPY followed from TL and acted right. AAPL soon followed higher. Saved some money exiting earlier.
Think im going to call it early today. Its noon and SPY had its dump back to big S level and held it bouncing higher pretty quick. I probably could stick around and dig for some longs, but as I said in the beginning of the day, that was not my ideal trading environment. So I will let it be.
I did exactly what I set out to do today. I wanted to trade the same way I did yesterday and whatever happens, happens. Market did decide to reward me today. I read the internals well and played alongside SPY perfectly. Only regret is not getting that extra fill on LULU, wouldve doubled that win.
But this is why I cant get down on myself about anything. Sometimes its just the way the market goes and luckily today I was able to get some good wins in, and had some huge potential for some other ones. Still stepping on the gas.
These are fun times to be trading, lots of opportunity, plenty to do, plenty of good RR trades to take. Just gotta make sure I stay on my best and keep at it. Big wins will come when they are supposed to.
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