8/11 DRC
Going to be a crazy day today. Long is on, all beat down names popping. Praying for a pullback to buy at the open. Majority of them already way past prev hod and some breakout level so really no clean way for me to get in. As easy as it is to say 'just buy and youll win,' which might be the case, I still want to make sure im trading my best game and staying patient not chasing anything less than the highest probability setups.
I got a lot of other names alongside these as well, market is giving some good setups out there. Truly cant believe SPY is this close to new ATH. Just a couple of points away now. It really does look like were going to para into this and more than likely collapse right back because there is A LOT of room to build value from and retest. Personally think SPY needs to revisit 300 before I consider this a 'healthy' bull run that will stay and last again.
1. Stay on your game, dont miss the big picture trade.
2. Follow risk management rules. Get big when I am supposed to and adjust size correctly. Plan ahead of the 1st click.
3. Manage mental capital. Dont get caught trading things that arent clear.
BA
FSLY
NIO
PFE
WMT
All beatdown names
Open
Gonna be tough some names around the level, some way above, some just above. Looking at M to start the day for quick pb long.
Aside from some serious tradingview problems. Crashed for 20 minutes at the open,
NFLX
I was able to keep track of one name and It was NFLX. Hovered around and under prev lod + dbo level and I got short after a few rejections. SPY started dumping and NFLX followed and I added. We made new micro range break on super low vol and got no flush lower. Stopped all out at breakeven. Was huge.
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Continued doing nothing as SPY got weaker. Still sideways but weak looking, keepes failing to follow through on new 1min lows. Maybe re short.
M
SPY drifting lower now all day. M into prev hod also weak. 2nd time here and theres good vol, thinking bounce.
SPY and other beat downs lookied like they were bottoming, we poppped and I got in with good tape.
Didnt last out, never added.
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Made new lod, ripped higher back above with huge vol increase. Back in and added twice. Big. Also TL break from HOD, SPY also turning up with internals and other beat down names. Looks good.
+1R, stop breakeven.
Above .37/.38 is 1st problem as prev lod and range pivot high. Will also be +2R
And we got problems there, vol low on this run higher. Taking it as warning signs, not leaving with out a win. Avg in at .30 all out at .32 if it gets there.
3 min struggle at this .37
All out .33, offes came in SPY turned lower. GOtta take it off given what ive seen. Maybe re entry at .29 again.
ROKU
Very tight with MA and TL and fail and tape and maybee SPY soon.
Got one entry in as offers came in and we stuffed lower but quickly reversed on me. Out
Right then re entry was there as tape freaked and offers still here stepping in and big orders coming across. Added as we dropped.
Sideways after full size, bids dropping out but we are not moving lower warning signs. SPY moved up, ROKU sideways but I was able to hold on, reset and tried dropping again alongside SPY. Needs to lose range low right now or im out. Just waiting to take full loss.
Dropped it into vwap. SPY still lower, needs weakness now.
Vol very low into this. Still a problem but PT very close, could change in a flash for me. Have to deal for now.
Up 1R so stop is breakeven.
Chart is beautiful. Only issue is the most important piece and thats volume. Still not seeing it. SPY lower still but seems like ROKU just waiting to pop higher again.
Made nice micro top at .85 any above that im out.
All out for small win. Looking to get back in if its here.
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TL from hod in play right now, good re entry is break of that into HTF for re short.
Blew up higher with market strength, Will have to wait later.
LATE MORNING
Market is everywhere, I got my wish for a dip, but nothing aside from M was good enough. Internals are everywhere, SPY creeping higher, not explosive higher, looks like it could all fial again and come back to LOD. Still think short is in play but will have to be patient.
BA
Strong all day, coiling huge triangle. With failure and tape and vol. Going scalp breakout
Broke, saw hidden sell, had big bid hold at breakeven, then he dropped. got out small L.
AAL
Airlines with weak open, reclaiming levels. AAL looking to pull into prev hod and dbo level nice and tight with market getting stronger.
NFLX
Sideways all day mainly under prev lod and bo level. Just got back up to it above vwap and MAs with some vol, not looking like a good short yet, but if tape is here ill take.
Each attempt higher to make new micro range high has been less and less vol. SPY and internals getting weaker, making rising wedge, maybe time for another flush lower. Still waiting on Tape.
And saw it and got in, quickly spiked back up on me though, got my adds in so took decent loss here.
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Still slowly grinding, now vol increasing but price not moving. Telling me selling pressure is bigger up here now getting into prev lod.
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Got over extended, made new HOD, sold off hard right away, MAs look better, now looking for prev lod touch for short.
PLAY
Solid strong open, sold off and reclaimed. Pulling back into vwap + HTF bo level. Looking long.
Good buying here but think there is hidden sell. Got it and added big. GOod action and turning higher. Market was getting weaker but seems to be recovering already. Looking for big pivot break much higher. Already up 1R.
Right to 1st pivot break at .39. Still good buying.
And turned right back down to out for tiny win. Want back in when I see it.
And ripped right back up. Never saw a thing worth getting back in on, just whipping around. F.
Might not be over though yet, Nice triangle forming, hit top TL and came off it, looking at vwap for in again.
AAL
Done selling, above MAs and prev hod and dbo level. Other airlines the same. Looking for entry.
FSLY
Sold off all day, back to vwap + bo level and made tight range, just broke udner now coming back to test HTF for short.
TL from HOD in play, we are super tight here. Got range break but saw no real tape cues for entry.
Got failure and offers stepped in. In big as its favorite and added. SPY still breaking down slowly.
Added again as we stuffed lower into vwap. Great vol kick here. Up 2R already. Looks great for breakdown. Needs to be gone.
Coming into decent , now Big bids here under vwap. Taking this as W signs and stop at 50%. As i typed ripped up on me. Will re enter small size on breakdown if it happens. Lots of vol but we stopped pretty quick. Was 10k on bid there, shouldnt be too hard to get through but made a difference so far.
Does not look bad for re entry. Waiting on whole number 75 test. Tl adjusted just above it. Still no breakdown, market weak internals confirming.
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Broke above and TL with big bids coming in. Made new rnage high too and currently failing. Vol is ok. Need see big sell here for re entry.
Little more time to pass here and will have MAs back above price. Just hovering around range high and dbo level here. Cant do anything one way or the other. Market still weak.
If the short doesnt happen, there should be a lot of shorts here gonna get wrecked. Will go for scalp long above mid day range high.
Big bid stepping up, might get just that here. New range high again. .74 for break.
Vol increasing as we get closer.
Bid stepped up again.
Got break but not full fill. Waiting to see if I can get it back at original entry. Break is good though, if its that good it should never come back.
big offer showed up 76, broke, sucks not full size.
I can see this being an all day squeeze. Big short level on Daily chart that confirmed for a long while and gave plenty of chances for a lot to get in. Completely failed. Now ripping up and they are all in trouble. Will hold for as long as I can.
Big zone at 76.30-.50, where prev lod is. If we get above that looking to take half. Only 45 shares of 250.
Hitting it and finding trouble. Stop set for tiny win. And hit all out.
Today was HARD. God damn. Things setup real nice, and failed to follow through, and then did follow through after they shook me out, but didnt give enough reasons to show me I needed to get back in. I traded well today. I followed my rules, took trades where I needed to. Re entering is what hurt the potential p/l, or lack of re entering.
I really cant complain much. There was not enough conviction for me at the decision moment to tell myself I needed back in.
For the first time ever I forgot to record the trading day, so I wont be able to go back and watch tape for these. But its alright this one time.
Cant believe how mad I was at the open that trading view wasnt working. Was all hyped up today because important day, and to have that go down on me to start the day just sucked.
Onto the next day. Indifferent today.
I got a lot of other names alongside these as well, market is giving some good setups out there. Truly cant believe SPY is this close to new ATH. Just a couple of points away now. It really does look like were going to para into this and more than likely collapse right back because there is A LOT of room to build value from and retest. Personally think SPY needs to revisit 300 before I consider this a 'healthy' bull run that will stay and last again.
1. Stay on your game, dont miss the big picture trade.
2. Follow risk management rules. Get big when I am supposed to and adjust size correctly. Plan ahead of the 1st click.
3. Manage mental capital. Dont get caught trading things that arent clear.
BA
FSLY
NIO
PFE
WMT
All beatdown names
Open
Gonna be tough some names around the level, some way above, some just above. Looking at M to start the day for quick pb long.
Aside from some serious tradingview problems. Crashed for 20 minutes at the open,
NFLX
I was able to keep track of one name and It was NFLX. Hovered around and under prev lod + dbo level and I got short after a few rejections. SPY started dumping and NFLX followed and I added. We made new micro range break on super low vol and got no flush lower. Stopped all out at breakeven. Was huge.
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Continued doing nothing as SPY got weaker. Still sideways but weak looking, keepes failing to follow through on new 1min lows. Maybe re short.
M
SPY drifting lower now all day. M into prev hod also weak. 2nd time here and theres good vol, thinking bounce.
SPY and other beat downs lookied like they were bottoming, we poppped and I got in with good tape.
Didnt last out, never added.
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Made new lod, ripped higher back above with huge vol increase. Back in and added twice. Big. Also TL break from HOD, SPY also turning up with internals and other beat down names. Looks good.
+1R, stop breakeven.
Above .37/.38 is 1st problem as prev lod and range pivot high. Will also be +2R
And we got problems there, vol low on this run higher. Taking it as warning signs, not leaving with out a win. Avg in at .30 all out at .32 if it gets there.
3 min struggle at this .37
All out .33, offes came in SPY turned lower. GOtta take it off given what ive seen. Maybe re entry at .29 again.
ROKU
Very tight with MA and TL and fail and tape and maybee SPY soon.
Got one entry in as offers came in and we stuffed lower but quickly reversed on me. Out
Right then re entry was there as tape freaked and offers still here stepping in and big orders coming across. Added as we dropped.
Sideways after full size, bids dropping out but we are not moving lower warning signs. SPY moved up, ROKU sideways but I was able to hold on, reset and tried dropping again alongside SPY. Needs to lose range low right now or im out. Just waiting to take full loss.
Dropped it into vwap. SPY still lower, needs weakness now.
Vol very low into this. Still a problem but PT very close, could change in a flash for me. Have to deal for now.
Up 1R so stop is breakeven.
Chart is beautiful. Only issue is the most important piece and thats volume. Still not seeing it. SPY lower still but seems like ROKU just waiting to pop higher again.
Made nice micro top at .85 any above that im out.
All out for small win. Looking to get back in if its here.
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TL from hod in play right now, good re entry is break of that into HTF for re short.
Blew up higher with market strength, Will have to wait later.
LATE MORNING
Market is everywhere, I got my wish for a dip, but nothing aside from M was good enough. Internals are everywhere, SPY creeping higher, not explosive higher, looks like it could all fial again and come back to LOD. Still think short is in play but will have to be patient.
BA
Strong all day, coiling huge triangle. With failure and tape and vol. Going scalp breakout
Broke, saw hidden sell, had big bid hold at breakeven, then he dropped. got out small L.
AAL
Airlines with weak open, reclaiming levels. AAL looking to pull into prev hod and dbo level nice and tight with market getting stronger.
NFLX
Sideways all day mainly under prev lod and bo level. Just got back up to it above vwap and MAs with some vol, not looking like a good short yet, but if tape is here ill take.
Each attempt higher to make new micro range high has been less and less vol. SPY and internals getting weaker, making rising wedge, maybe time for another flush lower. Still waiting on Tape.
And saw it and got in, quickly spiked back up on me though, got my adds in so took decent loss here.
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Still slowly grinding, now vol increasing but price not moving. Telling me selling pressure is bigger up here now getting into prev lod.
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Got over extended, made new HOD, sold off hard right away, MAs look better, now looking for prev lod touch for short.
PLAY
Solid strong open, sold off and reclaimed. Pulling back into vwap + HTF bo level. Looking long.
Good buying here but think there is hidden sell. Got it and added big. GOod action and turning higher. Market was getting weaker but seems to be recovering already. Looking for big pivot break much higher. Already up 1R.
Right to 1st pivot break at .39. Still good buying.
And turned right back down to out for tiny win. Want back in when I see it.
And ripped right back up. Never saw a thing worth getting back in on, just whipping around. F.
Might not be over though yet, Nice triangle forming, hit top TL and came off it, looking at vwap for in again.
AAL
Done selling, above MAs and prev hod and dbo level. Other airlines the same. Looking for entry.
FSLY
Sold off all day, back to vwap + bo level and made tight range, just broke udner now coming back to test HTF for short.
TL from HOD in play, we are super tight here. Got range break but saw no real tape cues for entry.
Got failure and offers stepped in. In big as its favorite and added. SPY still breaking down slowly.
Added again as we stuffed lower into vwap. Great vol kick here. Up 2R already. Looks great for breakdown. Needs to be gone.
Coming into decent , now Big bids here under vwap. Taking this as W signs and stop at 50%. As i typed ripped up on me. Will re enter small size on breakdown if it happens. Lots of vol but we stopped pretty quick. Was 10k on bid there, shouldnt be too hard to get through but made a difference so far.
Does not look bad for re entry. Waiting on whole number 75 test. Tl adjusted just above it. Still no breakdown, market weak internals confirming.
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Broke above and TL with big bids coming in. Made new rnage high too and currently failing. Vol is ok. Need see big sell here for re entry.
Little more time to pass here and will have MAs back above price. Just hovering around range high and dbo level here. Cant do anything one way or the other. Market still weak.
If the short doesnt happen, there should be a lot of shorts here gonna get wrecked. Will go for scalp long above mid day range high.
Big bid stepping up, might get just that here. New range high again. .74 for break.
Vol increasing as we get closer.
Bid stepped up again.
Got break but not full fill. Waiting to see if I can get it back at original entry. Break is good though, if its that good it should never come back.
big offer showed up 76, broke, sucks not full size.
I can see this being an all day squeeze. Big short level on Daily chart that confirmed for a long while and gave plenty of chances for a lot to get in. Completely failed. Now ripping up and they are all in trouble. Will hold for as long as I can.
Big zone at 76.30-.50, where prev lod is. If we get above that looking to take half. Only 45 shares of 250.
Hitting it and finding trouble. Stop set for tiny win. And hit all out.
Today was HARD. God damn. Things setup real nice, and failed to follow through, and then did follow through after they shook me out, but didnt give enough reasons to show me I needed to get back in. I traded well today. I followed my rules, took trades where I needed to. Re entering is what hurt the potential p/l, or lack of re entering.
I really cant complain much. There was not enough conviction for me at the decision moment to tell myself I needed back in.
For the first time ever I forgot to record the trading day, so I wont be able to go back and watch tape for these. But its alright this one time.
Cant believe how mad I was at the open that trading view wasnt working. Was all hyped up today because important day, and to have that go down on me to start the day just sucked.
Onto the next day. Indifferent today.
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