8/18 DRC
Going to be a busy day today. Tons to look at. 22 to look at, not including beatdown names. There is so much failure out there right now. Failed breakdowns, getting bought up, market looks great for more strength. SPY a nice 4 day tight range, coiling tighter and tighter just under ATH. Should be ready to roll. Thinking today, why not.
Oddly beatdowns look bad. They are failing to the upside. Wont be looking for those longs until we see it.
Yesterday was an oddly quiet day. Looks like the bigger moves came from the afternoon. After sitting for 2 and a half hours not doing a thing, I dont think I need to waste my time sitting around not doing anything anyways. Was good choice, got things done around the house.
1. Continue taking the best, leave to rest. No reason to settle.
2. Proper risk. Proper size.
3. Follow PT rules
4. Trying to catch 2/3 rabbits means you catch none. Must stay focused on the setup that looks the best, and be ok with missing the others.
AMZN
ROKU
DKNG
DDOG
FSLY
PFE
WKHS
BTAI
ALLO
VRM
ZI
WKHS
Nice pop at open, coiled above prev hod. Wanted in and got in on accident when I meant to cancel order. Took a decent hit. Needs to reset.
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Much later in day built a long tight range under vwap. Looking to short a breakdown.
BA
sideways open, had huge offer just above htf level, got short, but broke and out.
DKNG
Huge rip at open, not coming back down with big SPY sell off to prev hod. Looking for long.
At prev hod was huge bid. Broke and we reclaimed and he refreshed. Waiting for retest. Missed that one.
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Resetting though as SPY is dumping, coming back to prev HOD.
Repeat as same thing last time. Broke him, reclaimed with good bids. Got in and added a couple times. SPY also bouncing higher now. DKNG back into vwap and now 9/20ma to reclaim.
Seems to be hidden sell at .20, stop is in for a win. And all out small win. Want back in later on retest again.
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New TL from lod to work with in play now. Waiting for a dip under to get bought, dont want to be early. Signs here but not moving yet must be patient.
Popped higher but never saw what I wanted. Still waiting.
Had to settle for breakout entry with smaller size. Looking to add wherever we find S. VWAP is great with TL + MAs. May not get it.
Added twice on Triangle breakout with stop tightened. Should go now. Vol is a warning sign it is very very low on this break. Need to be cautious.
Uncomfortable with this trade. Turning on me already. Came right to breakeven and bounced higher. Will be my stop. SPY also new lod push.
Made it back up to recent high. and failed. SPY broke hard DKNG followed all out. Will be better entry elsewhere on this, not trusting it right now.
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Came down to vwap + MAs + TL + HTF zone bottom. Mkt v weak right now but if I see buying its a buy.
Got an ok bounce along with SPY and I got in, not A+ so size reflects.
And all out under vwap.
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Back down to prev hod for 3rd time with MAs all above. Not a great look + failure to break and hold higher. And a weak market, probably not the best long to take here. I tin I need to see a complete breakdown get reclaimed for entry.
Now looking for short. There will be a ton of trapped longs.
Pull up to vwap was lowest vol all day. Telling me buying is drying up.
Turned lower from vwap I got in and added as we dropped more. Not following through now back at 36 and SPY turned lower as well.
Held 36, big offer here, must bust and ill add if not need out. Vol drying up again now on attempt lower.
We hit him but didnt break lower. Out all early. Will get in under him.
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Still under 36 and big offer showed up, im in in front. And broke him all out.
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Now breaking micro range higher into HTF zone. Good spot to look for failure short.
Broke it and TL with v low vol again. Offers were there and taken out.
I see sellers defending well but we arent losing anything yet. Some big buys, but we arent moving anywhere. If long presents itself, breakout must be good and on retrace.
But we trickled higher, saw an offer come in and I got back in and added as we dropped a bit. Breakout was so weak.
Big bid here at 36.10 will be a problem but well see how weak we actually are.
Very thick tight spot for S here above 36. TLs MAs VWAP, no HTF levels though. Well see.
Vol on this pb lower is super lower as well.
Offers showing up in front of him. Couldnt get under, started spiking up all out early small W. Tough call here with this name lots of back and forth. Long can still happen.
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So now im long in front thinking we gold this an pop and continue our breakout higher. Its a battle well see stop is tight.
Vol flood came in, we didnt budge lower, I added on new micro range high.
Well we popped higher several cents, retraced to 36.10 and he wasnt there all out now. Going to just have to wait for an after the break trade. Cant chop myself up like this. Edge is on long side.
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Broke lower under vwap and saw more big bids, all getting taken out or removing order. If I see him pop up and stay there ill get back in long.
We broke higher, little better vol and pb to 36.20 shows hug bid again. Well see. Want best RR here.
Broke him, reclaimed with others. Waiting for good entry again.
Came down a bit into .22 and saw new bid, and others stepped up and I got in again. Needs to go now .35 for mid day break.
Couldnt hold it and out. God damn.
Broke lower, touch vwap, right back up and broke range. Going to wait on retrace to dbo level for longs.
What a nightmare, structure was just too ugly could not get a good entry going to hold with.
GOOG
Wasnt on list but hit my alert. Had strong morning, then weak with selloff and reclaimed vwap and prev ATH with TL and vwap S right on top, looking for long.
ROKU
Failed a big breakdown on D. Today was strong, got stopped at vwap and coming lower again into prev HOD. Waiting for breakdown into it to see if theres a long here. Market still up and strong.
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Never got there but making huge base just under vwap getting high and tight. Going for scalp long above range. Structure looks very good.
Broke TL lower, was too fast couldnt get fill for earlier entry and ripped right to breaking point.
In on break and really bad add as it blasted higher. Bad positioning but gotta stick it out for now.
Tape got freaky, broke 150 with vol, but seller reclaimed and hid size. All out for tiny loser.
WKHS
Much later in day mid afternoon WKHS blew up with big vol increase from tight range. Above all breakout levels. Hoping to get a pb to 16 to get long.
BA
Scalp long, beat down all day, PA was tight and TL close with MAs curling and some tape cues. Looking for a solid pop. Got in and added as we went. Looking for a good short pop relief rally thing here. Just a scalp not HTF level or high probability so in and out.
Real nice pop. Got to 170 and big offer there. Broke above, spiked up and sold right back off and took off majority. Solid.
Small size riding on 1min time frame. And all out. Perfect.
Stuck around waiting all afternoon for sooooomething, finally got one and made me green on the day.
IMRN
Old alert I had set triggered. IMRN random vol spike ripping it up above dbo level. Held above, pbd into it and held with a failed breakdown into vwap. Had decent bids here and spiked back up trying to get in now.
Vol dropped off a cliff. Going minutes without trades. Not taking.
Hour til close. Think im calling it. Doesnt seem to be anything else. Could still be some solid moves into the close but not seeing it clearly
Tough day. DKNG got me every which way, never really gave an A+ setup after I had already taken some. Couldnt give me what I wanted.
BA scalp to save the day. Easy to read and see.
Oddly beatdowns look bad. They are failing to the upside. Wont be looking for those longs until we see it.
Yesterday was an oddly quiet day. Looks like the bigger moves came from the afternoon. After sitting for 2 and a half hours not doing a thing, I dont think I need to waste my time sitting around not doing anything anyways. Was good choice, got things done around the house.
1. Continue taking the best, leave to rest. No reason to settle.
2. Proper risk. Proper size.
3. Follow PT rules
4. Trying to catch 2/3 rabbits means you catch none. Must stay focused on the setup that looks the best, and be ok with missing the others.
AMZN
ROKU
DKNG
DDOG
FSLY
PFE
WKHS
BTAI
ALLO
VRM
ZI
WKHS
Nice pop at open, coiled above prev hod. Wanted in and got in on accident when I meant to cancel order. Took a decent hit. Needs to reset.
----------------------------------------------------------------
Much later in day built a long tight range under vwap. Looking to short a breakdown.
BA
sideways open, had huge offer just above htf level, got short, but broke and out.
DKNG
Huge rip at open, not coming back down with big SPY sell off to prev hod. Looking for long.
At prev hod was huge bid. Broke and we reclaimed and he refreshed. Waiting for retest. Missed that one.
--------------------------------------
Resetting though as SPY is dumping, coming back to prev HOD.
Repeat as same thing last time. Broke him, reclaimed with good bids. Got in and added a couple times. SPY also bouncing higher now. DKNG back into vwap and now 9/20ma to reclaim.
Seems to be hidden sell at .20, stop is in for a win. And all out small win. Want back in later on retest again.
----------------------------------------------------------
New TL from lod to work with in play now. Waiting for a dip under to get bought, dont want to be early. Signs here but not moving yet must be patient.
Popped higher but never saw what I wanted. Still waiting.
Had to settle for breakout entry with smaller size. Looking to add wherever we find S. VWAP is great with TL + MAs. May not get it.
Added twice on Triangle breakout with stop tightened. Should go now. Vol is a warning sign it is very very low on this break. Need to be cautious.
Uncomfortable with this trade. Turning on me already. Came right to breakeven and bounced higher. Will be my stop. SPY also new lod push.
Made it back up to recent high. and failed. SPY broke hard DKNG followed all out. Will be better entry elsewhere on this, not trusting it right now.
--------------------------------------------------------
Came down to vwap + MAs + TL + HTF zone bottom. Mkt v weak right now but if I see buying its a buy.
Got an ok bounce along with SPY and I got in, not A+ so size reflects.
And all out under vwap.
----------------------------------------------------
Back down to prev hod for 3rd time with MAs all above. Not a great look + failure to break and hold higher. And a weak market, probably not the best long to take here. I tin I need to see a complete breakdown get reclaimed for entry.
Now looking for short. There will be a ton of trapped longs.
Pull up to vwap was lowest vol all day. Telling me buying is drying up.
Turned lower from vwap I got in and added as we dropped more. Not following through now back at 36 and SPY turned lower as well.
Held 36, big offer here, must bust and ill add if not need out. Vol drying up again now on attempt lower.
We hit him but didnt break lower. Out all early. Will get in under him.
-------------------------------------------------------------------------------
Still under 36 and big offer showed up, im in in front. And broke him all out.
------------------------------------------------
Now breaking micro range higher into HTF zone. Good spot to look for failure short.
Broke it and TL with v low vol again. Offers were there and taken out.
I see sellers defending well but we arent losing anything yet. Some big buys, but we arent moving anywhere. If long presents itself, breakout must be good and on retrace.
But we trickled higher, saw an offer come in and I got back in and added as we dropped a bit. Breakout was so weak.
Big bid here at 36.10 will be a problem but well see how weak we actually are.
Very thick tight spot for S here above 36. TLs MAs VWAP, no HTF levels though. Well see.
Vol on this pb lower is super lower as well.
Offers showing up in front of him. Couldnt get under, started spiking up all out early small W. Tough call here with this name lots of back and forth. Long can still happen.
-------------------------------------------------------
So now im long in front thinking we gold this an pop and continue our breakout higher. Its a battle well see stop is tight.
Vol flood came in, we didnt budge lower, I added on new micro range high.
Well we popped higher several cents, retraced to 36.10 and he wasnt there all out now. Going to just have to wait for an after the break trade. Cant chop myself up like this. Edge is on long side.
--------------------------------------------------------------------------
Broke lower under vwap and saw more big bids, all getting taken out or removing order. If I see him pop up and stay there ill get back in long.
We broke higher, little better vol and pb to 36.20 shows hug bid again. Well see. Want best RR here.
Broke him, reclaimed with others. Waiting for good entry again.
Came down a bit into .22 and saw new bid, and others stepped up and I got in again. Needs to go now .35 for mid day break.
Couldnt hold it and out. God damn.
Broke lower, touch vwap, right back up and broke range. Going to wait on retrace to dbo level for longs.
What a nightmare, structure was just too ugly could not get a good entry going to hold with.
GOOG
Wasnt on list but hit my alert. Had strong morning, then weak with selloff and reclaimed vwap and prev ATH with TL and vwap S right on top, looking for long.
ROKU
Failed a big breakdown on D. Today was strong, got stopped at vwap and coming lower again into prev HOD. Waiting for breakdown into it to see if theres a long here. Market still up and strong.
------------------------------------------------------
Never got there but making huge base just under vwap getting high and tight. Going for scalp long above range. Structure looks very good.
Broke TL lower, was too fast couldnt get fill for earlier entry and ripped right to breaking point.
In on break and really bad add as it blasted higher. Bad positioning but gotta stick it out for now.
Tape got freaky, broke 150 with vol, but seller reclaimed and hid size. All out for tiny loser.
WKHS
Much later in day mid afternoon WKHS blew up with big vol increase from tight range. Above all breakout levels. Hoping to get a pb to 16 to get long.
BA
Scalp long, beat down all day, PA was tight and TL close with MAs curling and some tape cues. Looking for a solid pop. Got in and added as we went. Looking for a good short pop relief rally thing here. Just a scalp not HTF level or high probability so in and out.
Real nice pop. Got to 170 and big offer there. Broke above, spiked up and sold right back off and took off majority. Solid.
Small size riding on 1min time frame. And all out. Perfect.
Stuck around waiting all afternoon for sooooomething, finally got one and made me green on the day.
IMRN
Old alert I had set triggered. IMRN random vol spike ripping it up above dbo level. Held above, pbd into it and held with a failed breakdown into vwap. Had decent bids here and spiked back up trying to get in now.
Vol dropped off a cliff. Going minutes without trades. Not taking.
Hour til close. Think im calling it. Doesnt seem to be anything else. Could still be some solid moves into the close but not seeing it clearly
Tough day. DKNG got me every which way, never really gave an A+ setup after I had already taken some. Couldnt give me what I wanted.
BA scalp to save the day. Easy to read and see.
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