7/9 DRC
Lots of issues from yesterday.
1. Respect stops at all times. Never giving it a 2nd chance or maybe.
2. Be there for re entry. After exit, ask what do I need to see to get back in. Trade may still be there.
3. Only trade clean and clear setups. Clear strength/weakness and above/under HTF levels.
4. Stay aggressive.
Lots of longs today. Things look strong, good unemployment number. Just want to trade. Sit back. Relax. Let it come to me. Theres a lot of good looking setups out there, no need to force anything thats not there. Looks like Ill have plenty to do today.
SPCE
Watched all pmkt and had sudden vol surge. Made range and held into open. Took scalp above it and huge offers getting taken out. 67% short float with D Setup looks A+ Got in big at scalp.
Made its way to HTF breakout level and broke with big vol. Took half off as we made new highs. Would like to hold half for a bigger move but also dont want to let early profits go.
Came into vwap and held nicely giving me a new stop to get out rest. Will take another half off on new HOD.
Made it and found hidden buy at 18.30 for great take spot. Next HTF breakout at 18.70. Looks like it wants it. And taken out. 1/6th position remaining ill hold as long as I can on new trend break lower.
Nice TL to work with, came into mid .50s a 2nd time and seeing huge offers. Getting taken out but were due for a pb reset to vwap. Stop tightened. Offers reloading as well.
TL broke and buyers took it right back up to make new HOD and break HTF breakout level. Stop tightened again, not taking any more partials. Just exiting when trend is done. That or I have over extension lines to get out if we get there.
And looks like we are going to do exactly that. Now exiting all on new 1min low. And all out after it broke 19. I need to get back in this at vwap.
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Bit distracted by SPY reversal trades but ended up getting back in after it got to vwap. Plan is to add more lower but I want in now to make sure im back in it.
Made micro range and added more on break above, stop is above vwap. If stopped, will look to get back in right away with better price.
Ran into issues right away. Huge sells came in and offers. We had a couple massive bids get taken out, once 2nd one did I was all out. Looking to get back in.
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Made tight range under vwap and popped above with vol. Pulled back in and found hidden buyers + vwap + TL nice tight risk. Failed couldnt hold and out.
COST
Reversal, went dead straight to ath and gave me some nice reversal candles. Had a nice start but right away found trouble and didnt find anymore selling. Ended up adding but cut pretty short.
SPY
reversal. Nice over extension and candles with vol. Internals also confirmed it should be popping. Nice entry, nice start, never negative.
Came into 1st TL minor and found some trouble already, stop just under breakeven. And stopped out. Looks real good.
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Got another chance lower again, just kept dumping. Good candles and vol a repeat of last time. Again unable to get that quick pop higher. Stopped out.
MHK
Reversal. Sized up too big did not let myself give it the right space. Took a decent loss then turned into a winner.
COST
Big hidden buyer at 323 held price up for an hour during the whole market flush. Looking for a scalp short if we ever get under it.
And we did but amazingly no action taking place. Not a thing. Stopped out.
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After that failed short, it spiked up with vol and got back above vwap but not breaking range higher. I got a starter as it dipped under vwap to TL and ticked back up.
Vol v low on this pb as SPY also falling again but not that weak looking. Buyers came in as it came near my stop and ticked back as along with SPY and I added.
Got above whole number with more buying and I added again. Vol still super low, should see it right now with increase and more shorts getting out. Lots of confluence here.
Turned lower back to entry, no vol increase but price did move up. SPY slowly grinding back higher, internals made new highs. Stop has been tightened we should be going. TL from LOD is a ways under me so it may have reasons to get there.
Pulled down right next to stop and SPY rolling over lower. Took huge slippage on exit, didnt save much of anything.
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Didnt flush at all, bottom ticked out. Looking to get back in on retest of range low and rising TL. SPY still trying to move higher, internals say higher.
TSLA
Weak along with SPY got back above a big HTF zone from past days. Started dipping into and seeing some big bids show up. Market itself trying to get stronger here and turn up. Internals holding up and SPY above prev lod and mking range above.
Low vol in TSLA on this down attempt makes me like it.
Then SPY popped, TSLA followed after a dip and im in. Big bid showed up and added.
Tested lower and made a higher low. SPY then exploded higher and TSLA followed with vol into vwap + TL + range high.
Holding sideways, not seeing any buying, SPY stalling internals stalling. Taking half on new lows here.
SPY turned lower hard with internals. TSLA some slight relative strength but offers seem thick atm. Not sure if well have enough at the moment but locking in some if good here given circumstances. If wants to be all day squeeze, it has potential. And out half.
Pulled down to retest TL on low vol. Tape looked ok as did SPY and internals. Then turned on me right away. Out all.
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Reset again and got super tight in triangle. Failed a push lower, bids came in, popped up I got in and added.
SPY at the time was still ripping higher and internals holding.
Nice pop with volume. Holding out for bigger move though above mid day pivot at 1384. Still have to deal with loss.
Turned hard on me as SPY did the same. And stopped out full loss.
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After 2 failures higher now with vol, im looking for shorts. .
And got it tested above vwap and failed. SPY and internals also rolling lower. Had a big offer come in and got in in front. Added as we ticked lower again.
No go. Out.
SPCE
Last trade, sold off into HTF level and TL from LOD. Tape was good as SPY was rolling lower.
Had relative strength all day. Just now getting back to a good re entry spot. Looking for a bust above 19 to break giant triangle being made. Got in and added as we ticked up breaking offers and seeing big bids follow.
Vol following mini dump is pretty low. Not great sign. Slowly got me out.
Today was annoying. I had a huge start to the day and gave all of it back to be red on the day. I couldnt stop looking for something, couldve walked away when I had given up half of it, but kept going. Took a lot of iffy trades, nothing super crystal clear.
I got careless and settled for less today. A lot of setups were good, but no normally what I would be looking for. And no surprise ive got a bunch of losers now.
Have to respect my process. I wait and I want and I see it, I get in where I want, I get good trades out of it.
1st trade on SPCE A+ good stuff
2nd on COST was a fine reversal. Had what I needed and at good HTF spot given how fast it got there.
3rd SPY reversal also fine, just didnt go for me.
4th SPY reversal. Just screwed me on my exit. Penny out then ripped up where I wanted. No luck.
At this point I gave back 1/4 of my day. Fine
5th. Bad size reversal on MHK, did not account well enough for vol, so when down at fine spot, was already down too much, couldve turned into a much bigger loss
Now I had given back half the day. I remember telling myself ok one more trade, if a loser im done.
6th COST scalp I cant believe was as uneventful as it was. Fine loss. Hurt on slippage.
So now at this point I took 9 trades in the day, given back half. But I kept going. Why? I wanted to make more money. There were still good trades out there. Ended up taking 19 more trades including adds.
7th COST long that after that failure lower into HTF breakout level, looked good for a long now as it had relative strength all day. Broke TL got above vwap and pbd with lo vol back to it + vwap. Looked great. Added twice. Looked really good but no luck. Problem with this is its inbetween HTF levels. Nothing in between so more or less im diddling in the middle. Perhaps revenge trading since I had just given back half my gains and lost on COST short.
8th SPCE long scalp that I didnt get on initially, but on the PB. That has never turned out well for me. Did settle for less here.
9th TSLA long that was great. Into HTF zone. Tape cues, got long worked out ok.
10th TSLA long also great continuation off of strength / winner it had just shown. Just failed on me is all. Just another loser.
11th TSLA short. Bad ideas. It may have failed a breakout higher twice but. Market is strong and ripping. Weve seen buying on the tape regardless of failure higher. TSLA is above HTF zone. Just around vwap, nothing significant here. Settled.
STICK TO BUYING DIPS AT HTF LEVELS.
That is what has been working for me and that is not what I did today. We want high probability setups. Not ok setups.
1. Respect stops at all times. Never giving it a 2nd chance or maybe.
2. Be there for re entry. After exit, ask what do I need to see to get back in. Trade may still be there.
3. Only trade clean and clear setups. Clear strength/weakness and above/under HTF levels.
4. Stay aggressive.
Lots of longs today. Things look strong, good unemployment number. Just want to trade. Sit back. Relax. Let it come to me. Theres a lot of good looking setups out there, no need to force anything thats not there. Looks like Ill have plenty to do today.
SPCE
Watched all pmkt and had sudden vol surge. Made range and held into open. Took scalp above it and huge offers getting taken out. 67% short float with D Setup looks A+ Got in big at scalp.
Made its way to HTF breakout level and broke with big vol. Took half off as we made new highs. Would like to hold half for a bigger move but also dont want to let early profits go.
Came into vwap and held nicely giving me a new stop to get out rest. Will take another half off on new HOD.
Made it and found hidden buy at 18.30 for great take spot. Next HTF breakout at 18.70. Looks like it wants it. And taken out. 1/6th position remaining ill hold as long as I can on new trend break lower.
Nice TL to work with, came into mid .50s a 2nd time and seeing huge offers. Getting taken out but were due for a pb reset to vwap. Stop tightened. Offers reloading as well.
TL broke and buyers took it right back up to make new HOD and break HTF breakout level. Stop tightened again, not taking any more partials. Just exiting when trend is done. That or I have over extension lines to get out if we get there.
And looks like we are going to do exactly that. Now exiting all on new 1min low. And all out after it broke 19. I need to get back in this at vwap.
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Bit distracted by SPY reversal trades but ended up getting back in after it got to vwap. Plan is to add more lower but I want in now to make sure im back in it.
Made micro range and added more on break above, stop is above vwap. If stopped, will look to get back in right away with better price.
Ran into issues right away. Huge sells came in and offers. We had a couple massive bids get taken out, once 2nd one did I was all out. Looking to get back in.
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Made tight range under vwap and popped above with vol. Pulled back in and found hidden buyers + vwap + TL nice tight risk. Failed couldnt hold and out.
COST
Reversal, went dead straight to ath and gave me some nice reversal candles. Had a nice start but right away found trouble and didnt find anymore selling. Ended up adding but cut pretty short.
SPY
reversal. Nice over extension and candles with vol. Internals also confirmed it should be popping. Nice entry, nice start, never negative.
Came into 1st TL minor and found some trouble already, stop just under breakeven. And stopped out. Looks real good.
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Got another chance lower again, just kept dumping. Good candles and vol a repeat of last time. Again unable to get that quick pop higher. Stopped out.
MHK
Reversal. Sized up too big did not let myself give it the right space. Took a decent loss then turned into a winner.
COST
Big hidden buyer at 323 held price up for an hour during the whole market flush. Looking for a scalp short if we ever get under it.
And we did but amazingly no action taking place. Not a thing. Stopped out.
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After that failed short, it spiked up with vol and got back above vwap but not breaking range higher. I got a starter as it dipped under vwap to TL and ticked back up.
Vol v low on this pb as SPY also falling again but not that weak looking. Buyers came in as it came near my stop and ticked back as along with SPY and I added.
Got above whole number with more buying and I added again. Vol still super low, should see it right now with increase and more shorts getting out. Lots of confluence here.
Turned lower back to entry, no vol increase but price did move up. SPY slowly grinding back higher, internals made new highs. Stop has been tightened we should be going. TL from LOD is a ways under me so it may have reasons to get there.
Pulled down right next to stop and SPY rolling over lower. Took huge slippage on exit, didnt save much of anything.
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Didnt flush at all, bottom ticked out. Looking to get back in on retest of range low and rising TL. SPY still trying to move higher, internals say higher.
TSLA
Weak along with SPY got back above a big HTF zone from past days. Started dipping into and seeing some big bids show up. Market itself trying to get stronger here and turn up. Internals holding up and SPY above prev lod and mking range above.
Low vol in TSLA on this down attempt makes me like it.
Then SPY popped, TSLA followed after a dip and im in. Big bid showed up and added.
Tested lower and made a higher low. SPY then exploded higher and TSLA followed with vol into vwap + TL + range high.
Holding sideways, not seeing any buying, SPY stalling internals stalling. Taking half on new lows here.
SPY turned lower hard with internals. TSLA some slight relative strength but offers seem thick atm. Not sure if well have enough at the moment but locking in some if good here given circumstances. If wants to be all day squeeze, it has potential. And out half.
Pulled down to retest TL on low vol. Tape looked ok as did SPY and internals. Then turned on me right away. Out all.
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Reset again and got super tight in triangle. Failed a push lower, bids came in, popped up I got in and added.
SPY at the time was still ripping higher and internals holding.
Nice pop with volume. Holding out for bigger move though above mid day pivot at 1384. Still have to deal with loss.
Turned hard on me as SPY did the same. And stopped out full loss.
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After 2 failures higher now with vol, im looking for shorts. .
And got it tested above vwap and failed. SPY and internals also rolling lower. Had a big offer come in and got in in front. Added as we ticked lower again.
No go. Out.
SPCE
Last trade, sold off into HTF level and TL from LOD. Tape was good as SPY was rolling lower.
Had relative strength all day. Just now getting back to a good re entry spot. Looking for a bust above 19 to break giant triangle being made. Got in and added as we ticked up breaking offers and seeing big bids follow.
Vol following mini dump is pretty low. Not great sign. Slowly got me out.
Today was annoying. I had a huge start to the day and gave all of it back to be red on the day. I couldnt stop looking for something, couldve walked away when I had given up half of it, but kept going. Took a lot of iffy trades, nothing super crystal clear.
I got careless and settled for less today. A lot of setups were good, but no normally what I would be looking for. And no surprise ive got a bunch of losers now.
Have to respect my process. I wait and I want and I see it, I get in where I want, I get good trades out of it.
1st trade on SPCE A+ good stuff
2nd on COST was a fine reversal. Had what I needed and at good HTF spot given how fast it got there.
3rd SPY reversal also fine, just didnt go for me.
4th SPY reversal. Just screwed me on my exit. Penny out then ripped up where I wanted. No luck.
At this point I gave back 1/4 of my day. Fine
5th. Bad size reversal on MHK, did not account well enough for vol, so when down at fine spot, was already down too much, couldve turned into a much bigger loss
Now I had given back half the day. I remember telling myself ok one more trade, if a loser im done.
6th COST scalp I cant believe was as uneventful as it was. Fine loss. Hurt on slippage.
So now at this point I took 9 trades in the day, given back half. But I kept going. Why? I wanted to make more money. There were still good trades out there. Ended up taking 19 more trades including adds.
7th COST long that after that failure lower into HTF breakout level, looked good for a long now as it had relative strength all day. Broke TL got above vwap and pbd with lo vol back to it + vwap. Looked great. Added twice. Looked really good but no luck. Problem with this is its inbetween HTF levels. Nothing in between so more or less im diddling in the middle. Perhaps revenge trading since I had just given back half my gains and lost on COST short.
8th SPCE long scalp that I didnt get on initially, but on the PB. That has never turned out well for me. Did settle for less here.
9th TSLA long that was great. Into HTF zone. Tape cues, got long worked out ok.
10th TSLA long also great continuation off of strength / winner it had just shown. Just failed on me is all. Just another loser.
11th TSLA short. Bad ideas. It may have failed a breakout higher twice but. Market is strong and ripping. Weve seen buying on the tape regardless of failure higher. TSLA is above HTF zone. Just around vwap, nothing significant here. Settled.
STICK TO BUYING DIPS AT HTF LEVELS.
That is what has been working for me and that is not what I did today. We want high probability setups. Not ok setups.
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