8/12 DRC
Cant say today looks super special. List about half as big as it was. Bulls had a good chance on the beat down names, but I think because we gapped up so much, there was too much ov a reason to come retest the previous breakout levels. I think if we opened at the breakout levels it may be a different story but for now things look to reset.
SPY gapping up into mid day range this morning, my watchlist goes both ways but edge is to the downside. Mostly shorts. With this gap up though, and recent bull run, why not see us rising up again. Might be a pretty quiet slow day for me.
1. Correct RM. Size.
2. Follow your plan, dont settle for less. best trades look like shorts. If the long presents itself on a name I wanted short, it may not be a great trade.
3. Dont miss a trade if it gave good signs but you missed best opportunity for size. Cut in half, get in.
NFLX
GOOG
TSLA all short
Beatdown names long, if they pop.
FSLY
making nice range, weak while market somewhat strong. Waiting for failed break hi to short at original d bo level.
Short did not go. Strength here. Into d htf zone. Still looking bullish, looking for long at pb to dbo level.
All 3 of these trades below triggered at the same time. Settled to look at FSLY because it was the best looking at the time.
Broke into level and ripped higher. Never saw a reason to get in, waiting on retest.
Much like NFLX, coiling just above, not seeing much else. Waiting on another test to see if buyers here or not.
Nice triangle forming, great spot to see failed breakdown.
Couldnt find it, broke down hard, short may be on, but need to see it build under.
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Later in day lost that level, held under for a while, now reclaiming it back above vwap with good ma support as well. Looking for long, potential squeeze again on failed short.
NFLX
Strong open, originally looking short but v strong. Above prev breakdown level now looking for PB to it to long for a D failure trade.
Much later reset and bult around it and vwap. Looking for some buying here. Spending a lot of time above it but not seeing much else.
Cant seem to find anything, will have to wait for reclaim and retset.
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Reclaimed much later. Same as FSLY but strong on intraday. Looking for pb to vwap + level and TL from lod. Great spot.
Came tapped .50 twice, need to see it under for trigger. PA looks good now though. Gave to be patient.
PFE
Same case as NFLX but action on the day sideways. Looking for breakdown of range into dbo level for longs.
Broke triangle with vol on the retrace. 2nd attempt lower was low vol and we kicked back up I got in good tape.
Added as we ticked up. Into prev breakdown range. Looking for this to reclaim and break 38. Avg in at .90 .95 will be tough to get through, but we just popped and broke it + Vwap + TL from HOD. Looks good, SPY also turning up.
Am up +1R stop at be.
Still ripping higher into .98. 38 for PT, HOD at .07. Vol is here and failure could definitely see it. Stop locking in win now.
Stalling out at .99, tape still good though, am holding through, or out under vwap.
Hit 38 didnt break, seeing selling, still holding, SPY still up new HOD there.
Settling under this for a few minutes now, at 38 again. And broke stop moved up to micro range it just made, taking half soon.
Looks great for new HOD, vol is here alongside tape. Lots of buying. Took half. Looks like I was 10 seconds too early for candle close. Took it too early. Sucks, lost some potential p/l Taking another half on new HOD.
Fortunately lost out only on an extra penny, but still.
Hit new HOD with good everything still into other d bo level. Taking half soon. Out other half at HOD.
Big mid day R at .17-.20 pmkt hi. Above .20 another half out. Also looking back at D is a huge range support now R. Would be big spot to see us get back above.
Very tight trend were in right now on 1min, Will have to look for over ext and failure here to get out early if it happens. No problem getting back in this one. Great signals.
Hit bottom TL tape still on our side. stuck at .15 for sometime now.
And broke into .16 new stop in. Hitting .19 would be ideal here. Sell is here.
Got to .18 can see that vol is drying up real good here. Less blue on tape, still giving it its chance.
19 hit. and .20 and .21 blasting through. Looking for over ext now to get all out and recycle. .25 would do it. Lots of long term shorts in trouble now.
Stop in after we hit it and we retraced hard right to it. Parallel TL in play right now so well see if it holds.
And did bounce new stop in. Turned up made new hod again. Ill just keep following it or wait on over ext. or TL break and hold under.
Prev hod is a ways away at .58
.33 is also measured move. At .28 now. Might get there. That should be spot to take other half.
Big offer at .30 struggling.
New minor TL to work with has been in play.
Some freak buy came in spike us up .10 cents. Think its a large short that just wanted the F out. But doesnt matter. Looking to take half off again.
Took majority off here. Leaving small size to let ride now. We got through a lot of possible R levels here and just kept running, needs to pull back a lot.
Broke TL, will exit last tiny bit soon. And out all. Solid win. Lucky move. Good reasons it did so though
And thats gonna be it. Just 1 trade on PFE and nothing else setup. Happy with it. Sized up right, took where I needed to. A+ day. Nice and easy.
SPY gapping up into mid day range this morning, my watchlist goes both ways but edge is to the downside. Mostly shorts. With this gap up though, and recent bull run, why not see us rising up again. Might be a pretty quiet slow day for me.
1. Correct RM. Size.
2. Follow your plan, dont settle for less. best trades look like shorts. If the long presents itself on a name I wanted short, it may not be a great trade.
3. Dont miss a trade if it gave good signs but you missed best opportunity for size. Cut in half, get in.
NFLX
GOOG
TSLA all short
Beatdown names long, if they pop.
FSLY
making nice range, weak while market somewhat strong. Waiting for failed break hi to short at original d bo level.
Short did not go. Strength here. Into d htf zone. Still looking bullish, looking for long at pb to dbo level.
All 3 of these trades below triggered at the same time. Settled to look at FSLY because it was the best looking at the time.
Broke into level and ripped higher. Never saw a reason to get in, waiting on retest.
Much like NFLX, coiling just above, not seeing much else. Waiting on another test to see if buyers here or not.
Nice triangle forming, great spot to see failed breakdown.
Couldnt find it, broke down hard, short may be on, but need to see it build under.
--------------------------------------------------------------------------------
Later in day lost that level, held under for a while, now reclaiming it back above vwap with good ma support as well. Looking for long, potential squeeze again on failed short.
NFLX
Strong open, originally looking short but v strong. Above prev breakdown level now looking for PB to it to long for a D failure trade.
Much later reset and bult around it and vwap. Looking for some buying here. Spending a lot of time above it but not seeing much else.
Cant seem to find anything, will have to wait for reclaim and retset.
-----------------------------------------------------------------------
Reclaimed much later. Same as FSLY but strong on intraday. Looking for pb to vwap + level and TL from lod. Great spot.
Came tapped .50 twice, need to see it under for trigger. PA looks good now though. Gave to be patient.
PFE
Same case as NFLX but action on the day sideways. Looking for breakdown of range into dbo level for longs.
Broke triangle with vol on the retrace. 2nd attempt lower was low vol and we kicked back up I got in good tape.
Added as we ticked up. Into prev breakdown range. Looking for this to reclaim and break 38. Avg in at .90 .95 will be tough to get through, but we just popped and broke it + Vwap + TL from HOD. Looks good, SPY also turning up.
Am up +1R stop at be.
Still ripping higher into .98. 38 for PT, HOD at .07. Vol is here and failure could definitely see it. Stop locking in win now.
Stalling out at .99, tape still good though, am holding through, or out under vwap.
Hit 38 didnt break, seeing selling, still holding, SPY still up new HOD there.
Settling under this for a few minutes now, at 38 again. And broke stop moved up to micro range it just made, taking half soon.
Looks great for new HOD, vol is here alongside tape. Lots of buying. Took half. Looks like I was 10 seconds too early for candle close. Took it too early. Sucks, lost some potential p/l Taking another half on new HOD.
Fortunately lost out only on an extra penny, but still.
Hit new HOD with good everything still into other d bo level. Taking half soon. Out other half at HOD.
Big mid day R at .17-.20 pmkt hi. Above .20 another half out. Also looking back at D is a huge range support now R. Would be big spot to see us get back above.
Very tight trend were in right now on 1min, Will have to look for over ext and failure here to get out early if it happens. No problem getting back in this one. Great signals.
Hit bottom TL tape still on our side. stuck at .15 for sometime now.
And broke into .16 new stop in. Hitting .19 would be ideal here. Sell is here.
Got to .18 can see that vol is drying up real good here. Less blue on tape, still giving it its chance.
19 hit. and .20 and .21 blasting through. Looking for over ext now to get all out and recycle. .25 would do it. Lots of long term shorts in trouble now.
Stop in after we hit it and we retraced hard right to it. Parallel TL in play right now so well see if it holds.
And did bounce new stop in. Turned up made new hod again. Ill just keep following it or wait on over ext. or TL break and hold under.
Prev hod is a ways away at .58
.33 is also measured move. At .28 now. Might get there. That should be spot to take other half.
Big offer at .30 struggling.
New minor TL to work with has been in play.
Some freak buy came in spike us up .10 cents. Think its a large short that just wanted the F out. But doesnt matter. Looking to take half off again.
Took majority off here. Leaving small size to let ride now. We got through a lot of possible R levels here and just kept running, needs to pull back a lot.
Broke TL, will exit last tiny bit soon. And out all. Solid win. Lucky move. Good reasons it did so though
And thats gonna be it. Just 1 trade on PFE and nothing else setup. Happy with it. Sized up right, took where I needed to. A+ day. Nice and easy.
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