7/21 DRC
The long is on. SPY finally breaking to the upside and whole market ripping up. Things looking strong and trendy again. Although were already so far extended in some names, its making it hard on me to find names I actually want to trade. Most things just moving up at random it seems.
Yesterday I wasnt feeling well. Couldnt keep focus. Only missed 1 trade that looked like I should have been in. But im feeling better now and ready to work. Main focus needs to be trading prev hod/lod or d bo levels only, and not getting caught in trading the chop.
1. Only trade my edge. That means significant HTF levels that I know my trades work best from.
2. Follow risk plan.
3. Remember BIG picture ideas. Just because I miss 1st entry does not mean I need to miss the entire trade. Get in on 2nd chance. I would be in anyways, just not max risk.
NFLX L
ROKU L
COST L
DG L
LULU L
STNE L
WKHS L
Pretty much all my longs today look really good and worth getting big on today. We shall see.
ZI
1st of the day. Been slow but relatively strong, came lower into HTF level from vwap and found good buying. Got in as we ticked up. Risk is planned and ready to roll. 8star, not favorite, so not huge.
SPY was down ticking lower when this happened, then saw some more selling, got a little more aggressive. ZI not budging if anything bids stepping up.
Offers broke, SPY reclaimed and bids stepped up. Added.
Added as we broke another for final add. Solid entries. Just waiting.
Overall market not catching a bid at the moment. Still on its downtrend retest of vwap. Internals not trending higher yet, still well above 0.
Noticing vol and speed of tape has been reeeeeeally slow this whole move higher back into vwap + breaking TL. Tape telling me were ok. Big bid came in again. Someone took him out. Stop can be moved up for now. reducing losses.
Market rolling over lower again for another leg down. ZI at my stop just being held on by whole number. And out.
COST
Setup same time as I was in ZI trade so cant get big. Had to enter with small size just to be involved.
Slowly came into under vwap and prev hod. Has been relatively strong all day until now.
Exiting early as tape looks favorable to bears. Offers her, bids are not.
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Re entered as market ripped back up and COST followed. Good vol cues. but bad location, waiting to add more risk on better price.
Got the add at same location.
Tape started getting skippy and jumpy so got final add. Avg in not super great but need to be in. Is fav and 9star.
Good pop to start trade. Can reduce losses.
Back above vwap. Internals still not making a HH and still making LLs. SPY looking weak about to breakdown under vwap. Up a half point, dont need to lose full risk here stop tightened.
Really picking up speed here in cost as were ripping above vwap. SPY internals still not turning higher. Great rel strength here. Looks like new HOD likely.
Bids are high and tight this whole move up. They want in.
Just under HOD now. Straight move to it here, wont give any of this up, taking half on any new 1min lo. And new HOD with big stretched candle. New ATH as well.
PA was ugly, very slow and we dumped a .60 cents but able to hold onto partial. Big offer came in, we broke him, up to just short of HOD.
We had big buys come in, but price no not moving anywhere. Majority out. Market STILL not making HHs here. Downtrend continues as I guess we fill this gap.
Major TL is very far away. Minor TL will be made on new pivot low. Looking to get in more at vwap test again. IF market can find some strength by then. We failed a new ATH break with vol and tape cues. Not great sign.
SPY lost vwap and just dumped half a point in a minute. COST following.
And another half point in a minute. COST right to vwap and stop. Hoping to see a bounce here, dont want to chase out but wont give back the W.
Giving me new stop out. Taking a breather from the big flush. Waiting to see if theres more downside or we recover. Not adding under these conditions.
Internals are not recovering at all, getting worse. SPY trying higher into gap fill. If I get chance I may want to take COST off early into some strength it may have.
Tape getting skippy again. New stop to work with.
Alright internals breaking downtrend. Making HH 1st time today.
COST doesnt care, stuffed a point lower getting me out in a flash. Will wait a few minutes before deciding re entry.
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Came into major TL as market got worse. Reading tape for maybe something special to get in, market conditions not great for long atm. Id be guessing on bounces.
And it looks like I should have. We bounced. Waiting for another opportunity.
Back up, slow grind to HOD again, hoping it doesnt go. Still want in lower. SPY finding strength back to vwap making HH. Internals not following that strength. May be ready for move lower again.
SPY decided to go vertical and COST followed. No regrets saw no good ways to get in. Will wait on better pb.
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pulled back too nice .50cent range, prev ath and intraday highs + TL. Looking for tape cues. Market has strength again.
Until it doesnt, we lost vwap again into that gap fill level. Now has to reset and find strength again. COST is back at vwap. TL just uner but no HTF levels around here. WIll have to rely on tape. Not 10star trade. 8 Max. + fav = 9star risk.
Interesting we do have some bigger bids here, flashing in and out. Not chasing, waiting on real vwap action under 329.
Market indecisive but holding higher with internals dong the same. COST still up and holding, new TL to work with on top of prev ATH. Waiting.
Very interesting TA. TLs getting real tight. Odd stuff. Really want a failed breakdown here to get bought up. Can be 10star trade + fav.
Market in strong position, may be testing lows one last time here under vwap.
Market ripping up, COST follow, not going to let it go, but keeping in mind saving best risk for best entry. Will enter early on break above whole number.
Or we will fail and roll over lower again with internals following. Tough call here. Might get the failed breakdown after all. SPY may just get weak again too. Odd spot right now.
Vol has been so slow and low this mini grind higher. Respecting MAs so well with TL. Market uncertainty and vol making me think I need to be patient for the best case scenario here. WOnt put anything on now unless I see fail + tape.
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Broke down from TL, saw no speed pick up to downside. SPY turning up again for the moment. Need price to drop a bit more for me. This is one of those trades where it is a No take until that 1 split second moment that it turns into a yes.
Got the fail, no action lower, SPY indecisive . Price start skipping higher in COST and I got in starter. Fav + 10star so big, Looking to get bigger.
SPY looked like it would be turning up for a moment there, didnt. COST lost it dropped lower and out big L.
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But right back in, we dropped into more bids, looked OK not A+. SPY failed a breakdown and COST came right back up above and im back in same size tighter risk.
Trying to add a lot and get big, but not enough BP for it. Added not even 1/3 of what I wanted.
SPY keeps faking out both ways now, same as internals. COST looking like it wants higher it keeps trying. Then it dumped lower and COST did the same. All out.
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Is what it is, trade had big potential alongside market. Sized up, saw what I needed to. Sucks to see us fail here with SPY dumping but gotta press sometimes.
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Broke all lower, came back up and reclaimed while SPY and market still weak. Looking for a way in.
Making a nice range above prev ATH. want a breakdown into it to get bought and thats my in. Late in day with market weak I think ill have time to spare. No reason to chase.
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Had decent pop with vol. Came back along with SPY into TL and prev ATH. Still good confluence here. Waiting on tape.
Tape was not there but market strength was. We started ticking up and fast bids chasing. I got in and added for full back in. Not 10 star. But good cues
SPY hit vwap and turned lower, COST had a real nice start with cvol and then just stuffed hard lower. Internals had just made HHs and now rolling right back under making LLs.
We hit TL again and held with small bids here. Looks like were waiting on SPY to turn higher again if we can, COST holding while its dropping. Adding more if we pop up.
Added what I could max bp. SPY dropped lower and cost found tape and popped higher. Also new stop to work with.
MAs looking sexy. Coiled and tight we just got above all of them + 5min timeframe. Really want market to get strong and hold here COST looks great.
SPY failed to drop and make LL, curling up with internals, lets see it.
Vol growing, big buy came in. SPY did not turn higher but COST popping nicely. Into 330 + TL. Should be spot we see explosion. Market not helping sucks but apparently dont need it. Stop can be tightened to breakeven.
Broke above TL and whole and into breakout pivot 330.30. Tape is skipping higher. Traders want in. Bids stepping up following.
SPY internals curling up after failing to make a move lower. Could be turning point here big squeeze in market. Lots of shorts maybe built up. COST pulled in a bit to retest TL.
COST trying breakout again on pivot. Needs to go now, currently failing will be all out soon. SPY and internals both not making new highs.
Depending on action soon, I may take majority off if we do break and nothing else helping bull side. We should be gone. SPY making new recent high above vwap, internals are not following. Things are not clean and clear today. Take what I can.
And we broke above pivot. Saw nothing special. Internals not breaking higher, trying to but not. SPY got above and stuffed and COST getting stuffed lower.
Pretty unsatisfying action. Out half on break of whole number lower. Out rest under .90.
Of course after exit it rips higher. SPY internals failing and weak.
Kept climbing. Saw no way to put it back on. Waiting on better pb to see.
SPY failed and rolled over lower hard. COST followed. All out. Stupid annoying.
Felt much more focused today. Clear goals in mind every step of the way and proper objective analysis. Trading what I know works best and avoiding everything else.
Market really did not do what I was expecting today and my trading reflects that which is good. Lots of up and down where we had a whole lot of 'maybe we haed higher here now' and no follow through. I put my trades on when I should and tried to make the most. Following my process is goal #1 and I stuck to it. So good on me. Try again tomorrow.
Yesterday I wasnt feeling well. Couldnt keep focus. Only missed 1 trade that looked like I should have been in. But im feeling better now and ready to work. Main focus needs to be trading prev hod/lod or d bo levels only, and not getting caught in trading the chop.
1. Only trade my edge. That means significant HTF levels that I know my trades work best from.
2. Follow risk plan.
3. Remember BIG picture ideas. Just because I miss 1st entry does not mean I need to miss the entire trade. Get in on 2nd chance. I would be in anyways, just not max risk.
NFLX L
ROKU L
COST L
DG L
LULU L
STNE L
WKHS L
Pretty much all my longs today look really good and worth getting big on today. We shall see.
ZI
1st of the day. Been slow but relatively strong, came lower into HTF level from vwap and found good buying. Got in as we ticked up. Risk is planned and ready to roll. 8star, not favorite, so not huge.
SPY was down ticking lower when this happened, then saw some more selling, got a little more aggressive. ZI not budging if anything bids stepping up.
Offers broke, SPY reclaimed and bids stepped up. Added.
Added as we broke another for final add. Solid entries. Just waiting.
Overall market not catching a bid at the moment. Still on its downtrend retest of vwap. Internals not trending higher yet, still well above 0.
Noticing vol and speed of tape has been reeeeeeally slow this whole move higher back into vwap + breaking TL. Tape telling me were ok. Big bid came in again. Someone took him out. Stop can be moved up for now. reducing losses.
Market rolling over lower again for another leg down. ZI at my stop just being held on by whole number. And out.
COST
Setup same time as I was in ZI trade so cant get big. Had to enter with small size just to be involved.
Slowly came into under vwap and prev hod. Has been relatively strong all day until now.
Exiting early as tape looks favorable to bears. Offers her, bids are not.
------------------------------------------------------------------
Re entered as market ripped back up and COST followed. Good vol cues. but bad location, waiting to add more risk on better price.
Got the add at same location.
Tape started getting skippy and jumpy so got final add. Avg in not super great but need to be in. Is fav and 9star.
Good pop to start trade. Can reduce losses.
Back above vwap. Internals still not making a HH and still making LLs. SPY looking weak about to breakdown under vwap. Up a half point, dont need to lose full risk here stop tightened.
Really picking up speed here in cost as were ripping above vwap. SPY internals still not turning higher. Great rel strength here. Looks like new HOD likely.
Bids are high and tight this whole move up. They want in.
Just under HOD now. Straight move to it here, wont give any of this up, taking half on any new 1min lo. And new HOD with big stretched candle. New ATH as well.
PA was ugly, very slow and we dumped a .60 cents but able to hold onto partial. Big offer came in, we broke him, up to just short of HOD.
We had big buys come in, but price no not moving anywhere. Majority out. Market STILL not making HHs here. Downtrend continues as I guess we fill this gap.
Major TL is very far away. Minor TL will be made on new pivot low. Looking to get in more at vwap test again. IF market can find some strength by then. We failed a new ATH break with vol and tape cues. Not great sign.
SPY lost vwap and just dumped half a point in a minute. COST following.
And another half point in a minute. COST right to vwap and stop. Hoping to see a bounce here, dont want to chase out but wont give back the W.
Giving me new stop out. Taking a breather from the big flush. Waiting to see if theres more downside or we recover. Not adding under these conditions.
Internals are not recovering at all, getting worse. SPY trying higher into gap fill. If I get chance I may want to take COST off early into some strength it may have.
Tape getting skippy again. New stop to work with.
Alright internals breaking downtrend. Making HH 1st time today.
COST doesnt care, stuffed a point lower getting me out in a flash. Will wait a few minutes before deciding re entry.
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Came into major TL as market got worse. Reading tape for maybe something special to get in, market conditions not great for long atm. Id be guessing on bounces.
And it looks like I should have. We bounced. Waiting for another opportunity.
Back up, slow grind to HOD again, hoping it doesnt go. Still want in lower. SPY finding strength back to vwap making HH. Internals not following that strength. May be ready for move lower again.
SPY decided to go vertical and COST followed. No regrets saw no good ways to get in. Will wait on better pb.
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pulled back too nice .50cent range, prev ath and intraday highs + TL. Looking for tape cues. Market has strength again.
Until it doesnt, we lost vwap again into that gap fill level. Now has to reset and find strength again. COST is back at vwap. TL just uner but no HTF levels around here. WIll have to rely on tape. Not 10star trade. 8 Max. + fav = 9star risk.
Interesting we do have some bigger bids here, flashing in and out. Not chasing, waiting on real vwap action under 329.
Market indecisive but holding higher with internals dong the same. COST still up and holding, new TL to work with on top of prev ATH. Waiting.
Very interesting TA. TLs getting real tight. Odd stuff. Really want a failed breakdown here to get bought up. Can be 10star trade + fav.
Market in strong position, may be testing lows one last time here under vwap.
Market ripping up, COST follow, not going to let it go, but keeping in mind saving best risk for best entry. Will enter early on break above whole number.
Or we will fail and roll over lower again with internals following. Tough call here. Might get the failed breakdown after all. SPY may just get weak again too. Odd spot right now.
Vol has been so slow and low this mini grind higher. Respecting MAs so well with TL. Market uncertainty and vol making me think I need to be patient for the best case scenario here. WOnt put anything on now unless I see fail + tape.
-------------------------------------------------------------------------------------
Broke down from TL, saw no speed pick up to downside. SPY turning up again for the moment. Need price to drop a bit more for me. This is one of those trades where it is a No take until that 1 split second moment that it turns into a yes.
Got the fail, no action lower, SPY indecisive . Price start skipping higher in COST and I got in starter. Fav + 10star so big, Looking to get bigger.
SPY looked like it would be turning up for a moment there, didnt. COST lost it dropped lower and out big L.
------------------------------------------------------
But right back in, we dropped into more bids, looked OK not A+. SPY failed a breakdown and COST came right back up above and im back in same size tighter risk.
Trying to add a lot and get big, but not enough BP for it. Added not even 1/3 of what I wanted.
SPY keeps faking out both ways now, same as internals. COST looking like it wants higher it keeps trying. Then it dumped lower and COST did the same. All out.
--------------------------------------------------------------------
Is what it is, trade had big potential alongside market. Sized up, saw what I needed to. Sucks to see us fail here with SPY dumping but gotta press sometimes.
---------------------------------------------------------------------
Broke all lower, came back up and reclaimed while SPY and market still weak. Looking for a way in.
Making a nice range above prev ATH. want a breakdown into it to get bought and thats my in. Late in day with market weak I think ill have time to spare. No reason to chase.
-------------------------------------------------------------------------------
Had decent pop with vol. Came back along with SPY into TL and prev ATH. Still good confluence here. Waiting on tape.
Tape was not there but market strength was. We started ticking up and fast bids chasing. I got in and added for full back in. Not 10 star. But good cues
SPY hit vwap and turned lower, COST had a real nice start with cvol and then just stuffed hard lower. Internals had just made HHs and now rolling right back under making LLs.
We hit TL again and held with small bids here. Looks like were waiting on SPY to turn higher again if we can, COST holding while its dropping. Adding more if we pop up.
Added what I could max bp. SPY dropped lower and cost found tape and popped higher. Also new stop to work with.
MAs looking sexy. Coiled and tight we just got above all of them + 5min timeframe. Really want market to get strong and hold here COST looks great.
SPY failed to drop and make LL, curling up with internals, lets see it.
Vol growing, big buy came in. SPY did not turn higher but COST popping nicely. Into 330 + TL. Should be spot we see explosion. Market not helping sucks but apparently dont need it. Stop can be tightened to breakeven.
Broke above TL and whole and into breakout pivot 330.30. Tape is skipping higher. Traders want in. Bids stepping up following.
SPY internals curling up after failing to make a move lower. Could be turning point here big squeeze in market. Lots of shorts maybe built up. COST pulled in a bit to retest TL.
COST trying breakout again on pivot. Needs to go now, currently failing will be all out soon. SPY and internals both not making new highs.
Depending on action soon, I may take majority off if we do break and nothing else helping bull side. We should be gone. SPY making new recent high above vwap, internals are not following. Things are not clean and clear today. Take what I can.
And we broke above pivot. Saw nothing special. Internals not breaking higher, trying to but not. SPY got above and stuffed and COST getting stuffed lower.
Pretty unsatisfying action. Out half on break of whole number lower. Out rest under .90.
Of course after exit it rips higher. SPY internals failing and weak.
Kept climbing. Saw no way to put it back on. Waiting on better pb to see.
SPY failed and rolled over lower hard. COST followed. All out. Stupid annoying.
Felt much more focused today. Clear goals in mind every step of the way and proper objective analysis. Trading what I know works best and avoiding everything else.
Market really did not do what I was expecting today and my trading reflects that which is good. Lots of up and down where we had a whole lot of 'maybe we haed higher here now' and no follow through. I put my trades on when I should and tried to make the most. Following my process is goal #1 and I stuck to it. So good on me. Try again tomorrow.
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