7/17 DRC
Yesterday got away from me a bit. Should have gone the whole day without a single trade. Nothing was A+ or even a setup I usually take. I settled on trades just to trade. And to make matters worse I sized up in them.
So today that cant happen. I have my levels in place and I know what needs to happen before I get in. Getting above prev HOD is #1. Only other thing than that that I will get in on is super clean action holding above some other level.
Market needs to be moving up in order for me to have the best longs. Currently SPY is above prev hod and names are moving up so we seem strong. Some squeeze names looking good, while others are falling behind. I got my alerts ready if they do start making a move. But it doesnt seem like its going to be a big day like yesterday could have been. Not expecting it to be super busy but got a good handful im watching.
1. Stay aggressive on best setups.
2. Take clean and clear, holding above significant HTF levels only.
TSLA
COST
APT
SPCE
CGC
ALPN
1st of the day. No volume. But HTF pattern is great. Got in on great fill as it got above 10. 4 day consolidation here. Vol really is non existent so just waiting game here.
After entry bids did start stepping higher. Expecting this to be a long hold as itll probably take a long while before some volume can come in.
Once a vol kick came in, it just started going. Buyers taking the offer as it got up to 10.50 in a couple minutes. Waiting on bigger break of D breakout 10.57
And it kept going. Traders started noticing and bigger bids came in. Exploded through D breakout and buyers came right in. Looks like might be a para again as it was before. Need to take half soon. Waiting for tape cues. Certainly needs to reset already. Big bid here, Will be out if he breaks. Were seeing selling for 1st time.
And he broke and out half. Letting rest go. Could be a nice move today.
SPY is collapsing. Not helping but dont think it has that much influence here anyways.
Waiting for a bottom to come in to use as final stop.
And got my bounce alongside SPY.
Big seller showed up on offer. Im not taking chances with a trade like this. Anything can happen, who know may be getting spoofed right now. Ill take my big win. Waiting for chance to get back in if it happens.
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10 minutes passed since exit, still 5bid at .51 and 7k offer at .55.
Stop order is in to get back in above if broken. There is not much of a TL but I guess I can draw it. In 10 mins itll be in play if we stay here.
And just as it caught up, we broke him but I did not get filled. Sitting on bid.
Other bids stepping in front. Will just wait on this one. No need to rush to get in. No FOMO.
Damn algo jumped in front of me. Order in at .62, orders were filled at .6201
Ok were good, got filled most, waiting to see if filled last bit. TL catching up again. Filled all but 2 shares. And all in.
Offers stepping in and dropping pretty quick. Losing TL.
Not a thing happening since entry.
1 bid showed and stepped up.
1 offer showed and stepped lower.
Took bid out and stepped lower again right to stop point.
You know I had a thought in my head, I should get out ahead of time because if we do break here, theres probably going to be an absurd lack of liquidity and all these other longs that chased will want out too and ill take away larger loss than what I want. And thats exactly what happened. Huge loss.
gave back 1/3 when only wanted to give back 1/8
SPY
went for reversal after over extension lower. Clearly could see there was no good buying after entry and out small L.
APT
Strong all day, breaking TL down into vwap + prev hod + big D bo level. Looking for longs.
Got tape cues and 1 entry in right away but broke lower and out quick.
---------------------------------------------
A dumped lower just after. But good buyin on move back up. Looking for it to get back above vwap, pb back to it and back in. Buyers are here.
Nothing buy buying so far. Got back above. Looking for quick return to get long. SPY up with internals.
Turning into a 10star trade + fav here so need to get big If I get good tape action on a pb back to .60.
Got above and stayed here for a long time. V low vol. Sellers are here too and MAs are cluttered. Need to see that test lower 1st.
We dipped under and didnt see much of anything. Sellers in control for the moment, but vol v low here.
Slowly stepped lower. Offers evaporated on one single uptick making spread as wide as .15 cents. Will wait again for better signals.
And it started, we hit bottom TL and curled up, buyers came in and I got a nice starter. Looking to add right away. SPY curling up.
And it ended just about as soon as it began. Faked me out and both curled right back lower. stopped out.
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Big flood of buying came back in as SPY was dropping. Buyers still here. Waiting. Looking for 1 good pullback to get in off of. Getting very tight right now.
Broke to upside with good vol, hitting wall, looks like ill get my chance to get in still. Nope, gonna miss.
-------------------------------------------
Back in again on fast dip to level with buyers there. Little pissed, using BP in NFLX right now and not full fill here either, waiting for pb to get filled original entry. Hopefully.
Removed and got the fill just slightly above.
And got back above level and TL with buying, stuffed lower and huge offer showed up. Out.
NFLX
Sideways all day after earnings, just recently broke to upside from TL with small vol kick alongside SPY. Pulled back into bottom TL + top TL + HTF d level and looking to get long
Got long, buyers here, SPY not helping but added once we ticked up.
Added twice as we turned up. Great location for long, almost same case as APT with the MAs, coiled and tight, just above price, but thinking we can turn here. Lots of confluence for tight risk high RR.
Came up hit vwap, turned right lower stopped me out.
--------------------------------------------------
May be resetting again.
And I did get another chance. Came back down to 490 after hovering above and saw hidden big buyers. Got in in front. SPY rolled over lower asap. Also confluence with bottom TL. Same case again.
Had a sudden big pop up and added more.
Coiling tighter, didnt reach vwap and back down near stop. Still holding on.
SPY dumped again lower, NFLX on barely. And out again. SPY getting worse.
Awkward day. ALPN a name that looks like id never trade it, but got a big win from it. APT a name that looks like id crush it, no luck. NFLX odd. Another grindy day of little action. And I did better than yesterday. Didnt over trade or take anything I shouldnt have.
NFLX APT trades near end of the day really annoying. Both looked good and just no follow through. Stopped me out only to fail the flush lower and come right back up again.
Only mistake was not getting out of ALPN ahead of time. Follow my instincts. Better to be out wanting in than in wanting out. APT was annoying to see me bottom tick out and never go lower. This usually doesnt happen, but it has been happening a lot lately. I think that is relatable to the environment we are in. Range markets = choppier action. Something to consider but I dont think Im going to change anything. Just means I need to be ready to get back in.
Got work and review to do for the weekly.
So today that cant happen. I have my levels in place and I know what needs to happen before I get in. Getting above prev HOD is #1. Only other thing than that that I will get in on is super clean action holding above some other level.
Market needs to be moving up in order for me to have the best longs. Currently SPY is above prev hod and names are moving up so we seem strong. Some squeeze names looking good, while others are falling behind. I got my alerts ready if they do start making a move. But it doesnt seem like its going to be a big day like yesterday could have been. Not expecting it to be super busy but got a good handful im watching.
1. Stay aggressive on best setups.
2. Take clean and clear, holding above significant HTF levels only.
TSLA
COST
APT
SPCE
CGC
ALPN
1st of the day. No volume. But HTF pattern is great. Got in on great fill as it got above 10. 4 day consolidation here. Vol really is non existent so just waiting game here.
After entry bids did start stepping higher. Expecting this to be a long hold as itll probably take a long while before some volume can come in.
Once a vol kick came in, it just started going. Buyers taking the offer as it got up to 10.50 in a couple minutes. Waiting on bigger break of D breakout 10.57
And it kept going. Traders started noticing and bigger bids came in. Exploded through D breakout and buyers came right in. Looks like might be a para again as it was before. Need to take half soon. Waiting for tape cues. Certainly needs to reset already. Big bid here, Will be out if he breaks. Were seeing selling for 1st time.
And he broke and out half. Letting rest go. Could be a nice move today.
SPY is collapsing. Not helping but dont think it has that much influence here anyways.
Waiting for a bottom to come in to use as final stop.
And got my bounce alongside SPY.
Big seller showed up on offer. Im not taking chances with a trade like this. Anything can happen, who know may be getting spoofed right now. Ill take my big win. Waiting for chance to get back in if it happens.
----------------------------------------------------------------------------
10 minutes passed since exit, still 5bid at .51 and 7k offer at .55.
Stop order is in to get back in above if broken. There is not much of a TL but I guess I can draw it. In 10 mins itll be in play if we stay here.
And just as it caught up, we broke him but I did not get filled. Sitting on bid.
Other bids stepping in front. Will just wait on this one. No need to rush to get in. No FOMO.
Damn algo jumped in front of me. Order in at .62, orders were filled at .6201
Ok were good, got filled most, waiting to see if filled last bit. TL catching up again. Filled all but 2 shares. And all in.
Offers stepping in and dropping pretty quick. Losing TL.
Not a thing happening since entry.
1 bid showed and stepped up.
1 offer showed and stepped lower.
Took bid out and stepped lower again right to stop point.
You know I had a thought in my head, I should get out ahead of time because if we do break here, theres probably going to be an absurd lack of liquidity and all these other longs that chased will want out too and ill take away larger loss than what I want. And thats exactly what happened. Huge loss.
gave back 1/3 when only wanted to give back 1/8
SPY
went for reversal after over extension lower. Clearly could see there was no good buying after entry and out small L.
APT
Strong all day, breaking TL down into vwap + prev hod + big D bo level. Looking for longs.
Got tape cues and 1 entry in right away but broke lower and out quick.
---------------------------------------------
A dumped lower just after. But good buyin on move back up. Looking for it to get back above vwap, pb back to it and back in. Buyers are here.
Nothing buy buying so far. Got back above. Looking for quick return to get long. SPY up with internals.
Turning into a 10star trade + fav here so need to get big If I get good tape action on a pb back to .60.
Got above and stayed here for a long time. V low vol. Sellers are here too and MAs are cluttered. Need to see that test lower 1st.
We dipped under and didnt see much of anything. Sellers in control for the moment, but vol v low here.
Slowly stepped lower. Offers evaporated on one single uptick making spread as wide as .15 cents. Will wait again for better signals.
And it started, we hit bottom TL and curled up, buyers came in and I got a nice starter. Looking to add right away. SPY curling up.
And it ended just about as soon as it began. Faked me out and both curled right back lower. stopped out.
---------------------------------------------------------------------
Big flood of buying came back in as SPY was dropping. Buyers still here. Waiting. Looking for 1 good pullback to get in off of. Getting very tight right now.
Broke to upside with good vol, hitting wall, looks like ill get my chance to get in still. Nope, gonna miss.
-------------------------------------------
Back in again on fast dip to level with buyers there. Little pissed, using BP in NFLX right now and not full fill here either, waiting for pb to get filled original entry. Hopefully.
Removed and got the fill just slightly above.
And got back above level and TL with buying, stuffed lower and huge offer showed up. Out.
NFLX
Sideways all day after earnings, just recently broke to upside from TL with small vol kick alongside SPY. Pulled back into bottom TL + top TL + HTF d level and looking to get long
Got long, buyers here, SPY not helping but added once we ticked up.
Added twice as we turned up. Great location for long, almost same case as APT with the MAs, coiled and tight, just above price, but thinking we can turn here. Lots of confluence for tight risk high RR.
Came up hit vwap, turned right lower stopped me out.
--------------------------------------------------
May be resetting again.
And I did get another chance. Came back down to 490 after hovering above and saw hidden big buyers. Got in in front. SPY rolled over lower asap. Also confluence with bottom TL. Same case again.
Had a sudden big pop up and added more.
Coiling tighter, didnt reach vwap and back down near stop. Still holding on.
SPY dumped again lower, NFLX on barely. And out again. SPY getting worse.
Awkward day. ALPN a name that looks like id never trade it, but got a big win from it. APT a name that looks like id crush it, no luck. NFLX odd. Another grindy day of little action. And I did better than yesterday. Didnt over trade or take anything I shouldnt have.
NFLX APT trades near end of the day really annoying. Both looked good and just no follow through. Stopped me out only to fail the flush lower and come right back up again.
Only mistake was not getting out of ALPN ahead of time. Follow my instincts. Better to be out wanting in than in wanting out. APT was annoying to see me bottom tick out and never go lower. This usually doesnt happen, but it has been happening a lot lately. I think that is relatable to the environment we are in. Range markets = choppier action. Something to consider but I dont think Im going to change anything. Just means I need to be ready to get back in.
Got work and review to do for the weekly.
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