7/27 DRC
Slow monday. Long late night, slept in and woke up right as the bell rang. Got to charting and done in 10 minutes. Its a very slow looking day. Market originally failing its breakdown from its breakout now so not sure what to expect. Ive got nothing but failures on my watching list, looking for some recovery to the upside.
We gapped up a bit to the higher end of friday. Dont really have bias one way or the other, but seems like the longs are going to be the easier trades if we can recover some more. If I dont get a single trade, fine so be it
Last week was tough. Market was not giving me anything even though im following my process. Looking to stay adaptable this week. Dont need to change or force anything just keep doing what has been working for me and waiting til I see it.
1. Proper risk on each trade.
2. Avoid all trades less than 8star
3. Trade at prev hod/lod daily breakout or big past zones only
4. BIG picture trading, get in the trade even if missed 1st entry. Save biggest size for best entry but dont miss the idea.
20 minutes after bell, things are already very slow. Not a single stock on my watchlist above 2. Could be a no trade day, well see.
FB
Strong open, strong market, came into vwap at prev hod and saw tons of buying.
Coming lower after a low vol pop, may be entry here, SPY also failing at new HOD. Might be ready for deeper pull back. Didnt find it, market pulling back down. Will have to wait on reclaim
And not a thing today. On to tomorrow.
We gapped up a bit to the higher end of friday. Dont really have bias one way or the other, but seems like the longs are going to be the easier trades if we can recover some more. If I dont get a single trade, fine so be it
Last week was tough. Market was not giving me anything even though im following my process. Looking to stay adaptable this week. Dont need to change or force anything just keep doing what has been working for me and waiting til I see it.
1. Proper risk on each trade.
2. Avoid all trades less than 8star
3. Trade at prev hod/lod daily breakout or big past zones only
4. BIG picture trading, get in the trade even if missed 1st entry. Save biggest size for best entry but dont miss the idea.
20 minutes after bell, things are already very slow. Not a single stock on my watchlist above 2. Could be a no trade day, well see.
FB
Strong open, strong market, came into vwap at prev hod and saw tons of buying.
Coming lower after a low vol pop, may be entry here, SPY also failing at new HOD. Might be ready for deeper pull back. Didnt find it, market pulling back down. Will have to wait on reclaim
And not a thing today. On to tomorrow.
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