7/15 DRC
Yesterday was much better. Didnt play out how I thought it would but regardless, traded what I saw, and when things didnt make sense, I stayed away. Was an A+ day very happy.
However now, I have no idea what to expect today/rest of this week. We failed that breakout real hard on monday and sold off good, then recovered most of it + after hour news spiking it up even more. Bulls always win until they dont so I am back on the long bias for today.
But not an easy to read market out there. We had great long setups, turned into reversals, turning back into longs. Failure into failure so now im expecting chop in SPY. Got some good longs still, but not much.
1. Stay aggressive. If market is strong and I got good longs. Get big. 200$
2. Dont settle. Take the clean and obvious, nothing else.
3. Re enter if necessary. Think Big picture. Be ok with having less size if it means capturing the move.
COST L
UNH L
SPY/DIA L
Market is really gapping up with that news. Looking very strong, will have to wait for some decent dips to look to get long. A little too far too fast for me.
BA
Not anything until 35 min in. BA was weak under vwap but held a big D level once, came to it twice bounced again, 3rd time I looked for buying and got in. SPY was making new LOD but bouncing hard. BA ticked up and I added, but ultimately failed and made new lod.
Reset with nice falling wedge. Got back above HTF with vol and held with big bids stepping in. SPY had just failed a new LOD push and was turning up with internals. Got a big RR trade on. But couldnt hold and stopped again.
Tried again with still go tape action but no go. Now just getting chopped up. Will have to wait for something more obvious.
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Much later in day after big SPY sell off, BA been weak all day, pulled back up to HTF level with a lot of confluence and made a decent range. Waiting to see if we can break above and fail for a short.
Came up to 183 and saw hidden sell as SPY was dropping lower.
Broke above and into TL from HOD and saw big offer. GO tin in front, and quick stop out.
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Broke above that TL into vwap with low vol, SPY starting to roll over again. Looking to get short still. Missed it as SPY rolled over. Might get another chance if it can pb to HTF + TL.
Tape is telling me short. Nothing but sell cues. Location is undecided. Looking at shorts at new TL still.
Got my ins, we pulled back up to retest higher on low vol and saw good offers again. Got in and added, right away stopped out.
M
Squeeze stock, rest of squeezers are squeezing M looks great. Strong open, came to vwap + htf and held, later lost it but now reclaimed ans SPY looking much stronger. Both have vol cues + internals. Looking for new HOD.
Added along the way.
Made new pivot high and huge bids starting to come in. SPY also new HOD. 58% short float on this mother and were breaking out of a 10day consolidation.
SPY made new HOD, but did not follow through past HTF level. just a D high. Internals starting to roll over lower, but still up. M is still up and broke with good vol. New HOD looks likely, stop reduced, waiting.
Getting stuck pretty good under TL from HOD. May want to test vwap again. PB would be a bit too deep so looking to get out small L and get back in. SPY still up and trending higher, did make a nicer move higher with vol and holding. Internals sideways.
M broke TL and snapped v fast to new HOD. 7.17 is a big D breakout. Taking half off soon. Vol and buying still here and big.
Making a bee line right towards it, getting a bit concerned about over extension here. If it keeps going ill be all out on that break. Looking to get in on pb.
I have a nice TL from last big pivot low that will coincide with a loss of prev HOD for new stop out.
Big selling came in. Got out.
Was good call, prevented further loss. SPY also dumping. Resetting for new move up?
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Later on SPY sold off and gave up everything in several minutes. M pulled back down to 7 + htf + vwap + anchvwap + TL. Great tight zone in here to get back in. SPY just made new LOD, no follow through, internals resting for moment.
Hit TL, bids still huge, SPY not dropping lower, we ticked up, I got back in starter. Added as we made new penny highs. Pretty big, tight risk. Still looking for HOD. Internals did not make new lows, seems to be done selling for the moment. M still huge vol and bids here holding.
Well that turned out to be wrong, SPY rolled right over hard. M stopping me out.
AZN
Tried reversal, no go.
MRNA
sold off all day, just recently got above TLs + HTF d hi and held. Looking for low vol pb to get long if market wants to recover which it is showing signs of.
Broke lower from new TL and saw no vol increase.
Dipped again and we saw buying I got in. Couldnt hold and out.
Soon as I got out, SPY turned up and MRNA followed. Had to shake out before it went.
UAL
Huge breakout high and tight. Airlines were ripping and hidden sell finally broke. Big ol squeeze and took off all into big move.
Pretty quiet day really. Not much to do. Missed the whole late day squeeze. Was looking for longs on airlines but they never traded around any significant levels so I never really looked. Took all day to get to that point so I wasnt there mentally.
Trades were fine, no super big movers to catch. Put on some high RR trades, just no go.
I think my early trades on BA I should not have been that sized up. I was down 200$ to start the day on 4 trades that were not high star rated, or at super significant daily spots. Should have had risk cut in half on those. No reason to be sized up that much.
Oh well, I was expecting chop and got it the 1st half of the day and my results show it. Then Late day squeeze, nothing was at a good enough spot to go for it. UAL didnt recognize bigger picture scalp for a longer term hold. Could have saved half, like im supposed to when following PT rules, and caught that entire move.
However now, I have no idea what to expect today/rest of this week. We failed that breakout real hard on monday and sold off good, then recovered most of it + after hour news spiking it up even more. Bulls always win until they dont so I am back on the long bias for today.
But not an easy to read market out there. We had great long setups, turned into reversals, turning back into longs. Failure into failure so now im expecting chop in SPY. Got some good longs still, but not much.
1. Stay aggressive. If market is strong and I got good longs. Get big. 200$
2. Dont settle. Take the clean and obvious, nothing else.
3. Re enter if necessary. Think Big picture. Be ok with having less size if it means capturing the move.
COST L
UNH L
SPY/DIA L
Market is really gapping up with that news. Looking very strong, will have to wait for some decent dips to look to get long. A little too far too fast for me.
BA
Not anything until 35 min in. BA was weak under vwap but held a big D level once, came to it twice bounced again, 3rd time I looked for buying and got in. SPY was making new LOD but bouncing hard. BA ticked up and I added, but ultimately failed and made new lod.
Reset with nice falling wedge. Got back above HTF with vol and held with big bids stepping in. SPY had just failed a new LOD push and was turning up with internals. Got a big RR trade on. But couldnt hold and stopped again.
Tried again with still go tape action but no go. Now just getting chopped up. Will have to wait for something more obvious.
----------------------------------------------------------------
Much later in day after big SPY sell off, BA been weak all day, pulled back up to HTF level with a lot of confluence and made a decent range. Waiting to see if we can break above and fail for a short.
Came up to 183 and saw hidden sell as SPY was dropping lower.
Broke above and into TL from HOD and saw big offer. GO tin in front, and quick stop out.
-------------------------------------------------------------------------------
Broke above that TL into vwap with low vol, SPY starting to roll over again. Looking to get short still. Missed it as SPY rolled over. Might get another chance if it can pb to HTF + TL.
Tape is telling me short. Nothing but sell cues. Location is undecided. Looking at shorts at new TL still.
Got my ins, we pulled back up to retest higher on low vol and saw good offers again. Got in and added, right away stopped out.
M
Squeeze stock, rest of squeezers are squeezing M looks great. Strong open, came to vwap + htf and held, later lost it but now reclaimed ans SPY looking much stronger. Both have vol cues + internals. Looking for new HOD.
Added along the way.
Made new pivot high and huge bids starting to come in. SPY also new HOD. 58% short float on this mother and were breaking out of a 10day consolidation.
SPY made new HOD, but did not follow through past HTF level. just a D high. Internals starting to roll over lower, but still up. M is still up and broke with good vol. New HOD looks likely, stop reduced, waiting.
Getting stuck pretty good under TL from HOD. May want to test vwap again. PB would be a bit too deep so looking to get out small L and get back in. SPY still up and trending higher, did make a nicer move higher with vol and holding. Internals sideways.
M broke TL and snapped v fast to new HOD. 7.17 is a big D breakout. Taking half off soon. Vol and buying still here and big.
Making a bee line right towards it, getting a bit concerned about over extension here. If it keeps going ill be all out on that break. Looking to get in on pb.
I have a nice TL from last big pivot low that will coincide with a loss of prev HOD for new stop out.
Big selling came in. Got out.
Was good call, prevented further loss. SPY also dumping. Resetting for new move up?
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Later on SPY sold off and gave up everything in several minutes. M pulled back down to 7 + htf + vwap + anchvwap + TL. Great tight zone in here to get back in. SPY just made new LOD, no follow through, internals resting for moment.
Hit TL, bids still huge, SPY not dropping lower, we ticked up, I got back in starter. Added as we made new penny highs. Pretty big, tight risk. Still looking for HOD. Internals did not make new lows, seems to be done selling for the moment. M still huge vol and bids here holding.
Well that turned out to be wrong, SPY rolled right over hard. M stopping me out.
AZN
Tried reversal, no go.
MRNA
sold off all day, just recently got above TLs + HTF d hi and held. Looking for low vol pb to get long if market wants to recover which it is showing signs of.
Broke lower from new TL and saw no vol increase.
Dipped again and we saw buying I got in. Couldnt hold and out.
Soon as I got out, SPY turned up and MRNA followed. Had to shake out before it went.
UAL
Huge breakout high and tight. Airlines were ripping and hidden sell finally broke. Big ol squeeze and took off all into big move.
Pretty quiet day really. Not much to do. Missed the whole late day squeeze. Was looking for longs on airlines but they never traded around any significant levels so I never really looked. Took all day to get to that point so I wasnt there mentally.
Trades were fine, no super big movers to catch. Put on some high RR trades, just no go.
I think my early trades on BA I should not have been that sized up. I was down 200$ to start the day on 4 trades that were not high star rated, or at super significant daily spots. Should have had risk cut in half on those. No reason to be sized up that much.
Oh well, I was expecting chop and got it the 1st half of the day and my results show it. Then Late day squeeze, nothing was at a good enough spot to go for it. UAL didnt recognize bigger picture scalp for a longer term hold. Could have saved half, like im supposed to when following PT rules, and caught that entire move.
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