7/23 DRC
Things getting slow out there. Have to be more patient than ever and follow what the market is doing. Times like these are when I really need to make sure im not fighting against any trends. Staying on same side of the market is a must.
If my stock I want to trade has been following SPY and I want long, id better make sure SPY is also trending up for the time. Same on the short side. If the stock hasnt cared about SPY all day and has high vol/rvol then I can get away with ignoring SPY.
I got a chance to size up big in one of my trades yesterday. Didnt work but still had good potential. Followed plans did what I needed to, market just didnt give me one. Looking to do the same today.
1. Only trading breakout/prevhod/lod levels
2. Dont fight market. If we are weak, it should be very difficult to find a good long
3. Stay aggro
4. Re enter when necessary. 1min later or an hour later.
5. Dont abandon BIG picture just cause missed 1st entry. Take 2nd entry ride the trend, add more if able.
CAKE
DIA
DG
STNE
ROKU
DG
Weak open but held where it shoud. We made new LOD and failed to drop and huge buy came in that was my in but I got skipped. Waiting on re entry.
Was able to get starter at a pretty poor spot. Not big size. Hoping for better chance to get bigger but need to be in.
Very odd action so far. Super low vol stock, SPY trending ripping higher, now SPY dumping lower and DG seeing buying. Telling me were good for upside here.
Had bids stack up as we got back above vwap. Dont need to take full L on this. Circumstances changed since entry, no need to be down 80+$ when it gets to point I want original bigger size. Will exit if cant hold breakeven.
SPY turning back up with internal support. DG needs to see it. Did not and all out. Looking for re entry at HTF again.
Ended up making new LOD and dropping hard. Good exit.
ROKU
Failed a drop past prev lod and ripped higher right to prev hod and held around it just under big HTF triangle. Making nice range now, looking for breakdown into vwap to get bought and follow mkt strength for long.
There has to be big tape cues here. Im not trading right at prev hod level, it is not holding above just around. There needs to be bigger factors to make up for that. SPY also failing now dropping with internals. Might not have a trade.
Didnt see quick rejection back up, no trade.
--------------------------------------------------------------------------
Had a nice flush, didnt last, got above later on. SPY also ripping higher after failing lower, internals strong. Looking for pb back to it to get long.
Making it really hard on me. Big transactions going off as we got there and SPY had a big red candle back to vwap so I wanted to wait to see some strength there first. ROKU ripped up didnt get in.
10star and fav. Need to be big if I get chance. If I do get the pb back to it itll be right with TL.
---------------------------------------------------------------------------------
TL broke and slowly grinded lower with low vol. SPY is no help here up or down its just choppy cant make up its mind. Looking for it to get back to 156 to get long. VWAP at 155.50
Later on coiled above, broke down into it. Still looking for long.
SPY losing it, breaking down pretty hard with internals and slight vol bump. ROKU holding vwap well.
SPY selling off too hard. ROKU cant mainting, will have to wait for reclaim.
NFLX
Weak all day, market starting to get weak, could be big turning point. NFLX broke down from prev lod and made new lod but didnt flush hard. looking for quick pb to get short
SPY broke lower hard from vwap, nflx followed
Later came back up to retset level alongside vwap. SPY and internals also up and moving higher, need to be careful. Waiting for what I need.
We broke up into it, stalled and stepped lower. SPY ended up having a decent pop higher and I got out when NFLX followed. Trade can still happen, waiting.
-------------------------------------------------------------------------
Tried to get in as it rolled back over and skipped both my fills. Fuck.
Pulling back up as SPY is too and not reaching new recent highs. Internals lower. Need better price to get in.
SPY starting to do this same whippy garbage fakeout action again. If its gonna be one of those days, need to be super cautious. NFLX dropping while SPY popping higher.
Came up again as I missed the ROKU, market getting strong here and NFLX coming back up. Low rvol, need to see good tape selling here for entry. Looks like I might be able to see a failed break here above vwap with market popping.
And SPY again with the failed push higher, to and immediate .50 cent dump, missed entry again.
Internals not dropping, still waiting to see the failed break higher into TL from hod.
Or SPY will lose vwap and start collapsing.
SPY whipping all over again, back up to vwap. NFLX back up too. Ill need to see the vwap test for short.
And right back down. A night mare to try and trade this market today so far.
------------------------------------------------------------------------------------------
Nice big base. Waiting for break higher to fail for short.
Broke TL but not into vwap, SPY still up for the moment. Need to be patient and wait for what I want. Will be ok missing if doesnt give.
Super low vol consolidation. Not seeing a thing worth taking a trade on yet. Need that fail higher.
Market leaning towards downside fore the moment.
Dropped lower, bought right back up. Looks good for a short squeeze. Still want to see that failure, SPY broke higher from triangle with internals and vol confirmation.
Tape is all over the map. Not easy to spot anything significant. Had a big bid, later taken out, big sell came through. Waiting on something special. SPY not breaking higher for the moment.
And then SPY did bust higher and fast. And then retraced it again lower even fast and harder. What a mess.
Lots of red, not going anywhere, big bid refreshed again. Long may be here.
1st 5min stuff candle with vol closing under vwap. Short may be soon, SPY did not take off anymore, sideways.
V lo vol above vwap now. Sellers seem to be absorbing a lot of buying. SPY looks ready to roll over lower with internals also coiling and not making HHs
Broke mini range lower, waiting on last pb to HTF level for short. Lets hope I get it.
Nope broke down and lost wider range. Will be stuck waiting.
I just see no way of getting in that trade. Only reason its jumping off a cliff is from SPY doing the same. If SPY wasnt doing this and was acting strong like internals were saying and its previous breakout, then maybe NFLX wouldve blown up. I see no way to get into that trade other than to chase it. Annoying.
GOOG
Reversal setup. GOOG lagging behind SPYS pullback from big flush. Solid entry and add. Waiting.
Didnt go. Out.
Just not my day to trade. Nothing was clean and clear, SPY horribly choppy. Nothing really made sense today. Stayed away for the most part, didnt take any maybe trades. Was strict on myself and thats how it should be so cant have too many regrets. Market not making it easy on me.
Cant really say I missed anything in NFLX if it never gave me what I wanted. I did miss a good ROKU long but again the SPY failing and dropping and ROKU following it, then suddenly not following it, makes it really hard for me to put the trade on if its going to pick and choose when it wants to follow it or not.
If my stock I want to trade has been following SPY and I want long, id better make sure SPY is also trending up for the time. Same on the short side. If the stock hasnt cared about SPY all day and has high vol/rvol then I can get away with ignoring SPY.
I got a chance to size up big in one of my trades yesterday. Didnt work but still had good potential. Followed plans did what I needed to, market just didnt give me one. Looking to do the same today.
1. Only trading breakout/prevhod/lod levels
2. Dont fight market. If we are weak, it should be very difficult to find a good long
3. Stay aggro
4. Re enter when necessary. 1min later or an hour later.
5. Dont abandon BIG picture just cause missed 1st entry. Take 2nd entry ride the trend, add more if able.
CAKE
DIA
DG
STNE
ROKU
DG
Weak open but held where it shoud. We made new LOD and failed to drop and huge buy came in that was my in but I got skipped. Waiting on re entry.
Was able to get starter at a pretty poor spot. Not big size. Hoping for better chance to get bigger but need to be in.
Very odd action so far. Super low vol stock, SPY trending ripping higher, now SPY dumping lower and DG seeing buying. Telling me were good for upside here.
Had bids stack up as we got back above vwap. Dont need to take full L on this. Circumstances changed since entry, no need to be down 80+$ when it gets to point I want original bigger size. Will exit if cant hold breakeven.
SPY turning back up with internal support. DG needs to see it. Did not and all out. Looking for re entry at HTF again.
Ended up making new LOD and dropping hard. Good exit.
ROKU
Failed a drop past prev lod and ripped higher right to prev hod and held around it just under big HTF triangle. Making nice range now, looking for breakdown into vwap to get bought and follow mkt strength for long.
There has to be big tape cues here. Im not trading right at prev hod level, it is not holding above just around. There needs to be bigger factors to make up for that. SPY also failing now dropping with internals. Might not have a trade.
Didnt see quick rejection back up, no trade.
--------------------------------------------------------------------------
Had a nice flush, didnt last, got above later on. SPY also ripping higher after failing lower, internals strong. Looking for pb back to it to get long.
Making it really hard on me. Big transactions going off as we got there and SPY had a big red candle back to vwap so I wanted to wait to see some strength there first. ROKU ripped up didnt get in.
10star and fav. Need to be big if I get chance. If I do get the pb back to it itll be right with TL.
---------------------------------------------------------------------------------
TL broke and slowly grinded lower with low vol. SPY is no help here up or down its just choppy cant make up its mind. Looking for it to get back to 156 to get long. VWAP at 155.50
Later on coiled above, broke down into it. Still looking for long.
SPY losing it, breaking down pretty hard with internals and slight vol bump. ROKU holding vwap well.
SPY selling off too hard. ROKU cant mainting, will have to wait for reclaim.
NFLX
Weak all day, market starting to get weak, could be big turning point. NFLX broke down from prev lod and made new lod but didnt flush hard. looking for quick pb to get short
SPY broke lower hard from vwap, nflx followed
Later came back up to retset level alongside vwap. SPY and internals also up and moving higher, need to be careful. Waiting for what I need.
We broke up into it, stalled and stepped lower. SPY ended up having a decent pop higher and I got out when NFLX followed. Trade can still happen, waiting.
-------------------------------------------------------------------------
Tried to get in as it rolled back over and skipped both my fills. Fuck.
Pulling back up as SPY is too and not reaching new recent highs. Internals lower. Need better price to get in.
SPY starting to do this same whippy garbage fakeout action again. If its gonna be one of those days, need to be super cautious. NFLX dropping while SPY popping higher.
Came up again as I missed the ROKU, market getting strong here and NFLX coming back up. Low rvol, need to see good tape selling here for entry. Looks like I might be able to see a failed break here above vwap with market popping.
And SPY again with the failed push higher, to and immediate .50 cent dump, missed entry again.
Internals not dropping, still waiting to see the failed break higher into TL from hod.
Or SPY will lose vwap and start collapsing.
SPY whipping all over again, back up to vwap. NFLX back up too. Ill need to see the vwap test for short.
And right back down. A night mare to try and trade this market today so far.
------------------------------------------------------------------------------------------
Nice big base. Waiting for break higher to fail for short.
Broke TL but not into vwap, SPY still up for the moment. Need to be patient and wait for what I want. Will be ok missing if doesnt give.
Super low vol consolidation. Not seeing a thing worth taking a trade on yet. Need that fail higher.
Market leaning towards downside fore the moment.
Dropped lower, bought right back up. Looks good for a short squeeze. Still want to see that failure, SPY broke higher from triangle with internals and vol confirmation.
Tape is all over the map. Not easy to spot anything significant. Had a big bid, later taken out, big sell came through. Waiting on something special. SPY not breaking higher for the moment.
And then SPY did bust higher and fast. And then retraced it again lower even fast and harder. What a mess.
Lots of red, not going anywhere, big bid refreshed again. Long may be here.
1st 5min stuff candle with vol closing under vwap. Short may be soon, SPY did not take off anymore, sideways.
V lo vol above vwap now. Sellers seem to be absorbing a lot of buying. SPY looks ready to roll over lower with internals also coiling and not making HHs
Broke mini range lower, waiting on last pb to HTF level for short. Lets hope I get it.
Nope broke down and lost wider range. Will be stuck waiting.
I just see no way of getting in that trade. Only reason its jumping off a cliff is from SPY doing the same. If SPY wasnt doing this and was acting strong like internals were saying and its previous breakout, then maybe NFLX wouldve blown up. I see no way to get into that trade other than to chase it. Annoying.
GOOG
Reversal setup. GOOG lagging behind SPYS pullback from big flush. Solid entry and add. Waiting.
Didnt go. Out.
Just not my day to trade. Nothing was clean and clear, SPY horribly choppy. Nothing really made sense today. Stayed away for the most part, didnt take any maybe trades. Was strict on myself and thats how it should be so cant have too many regrets. Market not making it easy on me.
Cant really say I missed anything in NFLX if it never gave me what I wanted. I did miss a good ROKU long but again the SPY failing and dropping and ROKU following it, then suddenly not following it, makes it really hard for me to put the trade on if its going to pick and choose when it wants to follow it or not.
Comments
Post a Comment