8/26 DRC
Yesterday was an odd one. Had tons to look at and only 2 the whole day gave me something. Pretty much a repeat of today but well see how many I get.
Market still up and moving up. Today gapping higher and now looking to break premarket highs. Long and strong. Still plenty of breakouts and failures out there looking to turn back higher.
1. Follow all rules
2. Trade only the cleanest and clearest
AMZN DKNG SHOP FSLR FSLY IQ WKHS MGNX SPAQ
NKLA
Strong premarket, looking for return to prev hod for long at bell.
Got it, but chopped around for a moment and out.
AMZN
strong and held strong while rest of market turning lower. Got in as it failed under vwap and HTF. Added as we are ticking up and SPY turned up as well failed a lod break.
TLB intraday with no vol kick so warnin signs. Looking for HOD, SPY seems to be turning and good tape here. But very slow into this HOD test.
Came back past entry and out for L.
Lost vwap and TL. No re entry yet.
---------------------------------------------------------------------
Did fail to drop lower and reclaimed.
FSLR
Weak open, reclaiming d bo level just under vwap. Reclaiming MAs, looking long.
SHOP
Strong open, coiled above d hi for some time, MAs getting tight. Looking for pb to vwap + htf for long. Market still strong.
Broke into and turned up. Got starter. And added. Am big risk big fav + 10 star. Market turning up should be turning point here in SHOP. Vol was low on pb needs to find it on way up so far tape good.
Tough spot to get thorugh, all MAs just above ant top TL in play. Is breaking point doesnt seem like it has the gas atm. SPY really ripping.
Warning signs for sure. Vol super slow and low. Just made the break but needs to hold it and really start running here.
Not losing it yet, barely hanging on at breakeven. Did see a big buy cross but no follow up. SPY looking parabolic to the upside.
MAs on 1min tight and under. 5min is above and holding us under. Making new micro range here top at 1071 should see that pop if we can break. Any prints under 1068 im out.
And we got our break, bids are stepping up. Super low volume still. 1074 for 1st pivot break. Got it and 1076 for next and hod at 1080 for PT. Vol is not growing here but structure is great. I think well get it.
Buying just now coming in as were past halfway there. Going to use full 50% stop.
Im going to be cautious with this move. Going to take majority on 1min lo. SPY para makes me think well have a much deeper pb shortly and SHOP whole move up volume is so low. Going to reset trade with just holding core. Take what I have. And taken
Giving me stop to work with. SPY turning lower SHOP had a mini pop higher to make new high but rolling back under. Well see.
Did make new hod, stop set.
And all out, downturn was harsh.
AMC
Strong open. Above prev hod and coiling. Tested under tape is here with vol and fail TL break lower. Looking to get long on mini range high break here.
And got it, bid here stepped up, above MAs now should be turing point. Only concern is we havent had a vwap test, but with these names, vwap doesnt matter depending how strong it is. If its super strong we dont need it.
Turned lower close to stop and held and ticked up with more buying. Added small. Can still turn for me, not looking A+ atn.
Did stuff me lower pretty good. Saved a penny.
SPCE
Getting super tight in triangle way above vwap, another one of those retrace to vwap problems. MAs are tight but jsut got above price, wanting long at bottom TL or with momentum higher.
Got what I wanted, in on tape into bo, added at bo level adding on breakout.
And did, buying is all here. Looking for big pop now. Would like to see new HOD from this, looks like it can do it.
Stop is raised, tape is here but so are some decent offers. Above all MAs now so we look great just gotta see it, vol bump
.32 for 1st pivot then .41 then hod at .50
Broke 1st, good vol but no explosion. Is fine. Dealing with trade. Big offers showing up. Taken out still.
Found a bottom on pb it seems just above breakeven. Will be using that.
Sideways, making mini flag. Hit bottom TL right at stop and bounced up a bit. Last chance for this. Low vol pb atm. Not clean. All out.
------------------------------------------------------------------------------
Is resetting. Made it to vwap and coiled above it, just now broke range back above level and TL from new triangle. PB entry.
PB was pretty aggressive, hit level and bounced up quickly as well. Vol low now still think I need to wait for clear test.
Well failed couldnt hold anything.
RRGB
Slow name. Failed a breakdown and reclaimed prev hod just under vwap and above mas. Retesting TL from HOD, looking longs.
Vol has grown on this pop back up and low on pb lower. Think were good here if I can see tape.
Very very quiet. Just waiting on that uptick to get in.
Was down, not up. Have to wait for reset.
------------------------------------------------------------------
And reset it did.
Made new low, no flush, came back up and huge buying coming in at level. Broke TL and tape is here. In at .50, offers here but looking to add more as we break above. Big vol increase.
HTF MAs are under, 1min needs above .50, we are just a bit under vwap. Still liking what I see.
Several minutes with only a few transactions. Price dropped a bit but still considering this a low vol pb. Gotta deal. Is at stop.
Didnt go at all. Had to exit.
SPY
reversal. Super stupid over extended. Past intraday TLs and now HTF TL. Breaking rising wedge to the upside. Waiting for the weakness to show before in. Internals telling me we are getting weak now.
PPD
strong open. lost it, held under level and vwap all da, just now getting back above with volume. Looking long.
TL from earlier spike lower caught up now acting as S. Any upticks im in.
Broke lower into vwap, reclaimed again and good tape and im in. Adding as we are ticking higher. Bids stacked above HTF level.
.60 for 1st pivot break. Wanting to see this at HOD. Hasnt made ATR move yet, ATH. Hasnt really exploded higher from it. Seems like we can do some work here. Market still hot.
Right under top TL from hod. Basically making big triangle right now. Still looking to add with momentum if we can find it. Vol super low so will have to deal with pbs.
And we broke and added. Somehow im running out of BP on this trade though im not even at 1/4 total max BP. Looking at options. And options are not worth the risk so maxed out for now.
So slow, pulling in on me breaking back under TL and some MAs. Overall still bullish. Waiting.
Nice base at .50 just above prev hod and under my avg in. Stop changing to hold under .50
And up to .60, PPD has a recent habit of running up all into the close the past few days. Maybe again, great stuff for it. Market still up and strong. Some names really turning higher right now. Still waiting.
Bid stepping up, waiting for break.
And failed, dropping back to breakeven. Waiting still but obv a problem. HTF charts look so good for a rip here. Shame to not see it.
Back up to just under .60 again with bids here. Have to leave desk for a bit, stop is in at market under .49. Tape still good. Is a rising wedge being made, top TL at .64 well see if its in play.
Came back, almost stopped me out after I moved it up to .53 but waited for action. Pulled into bottom TL and now coming back up again to top. Breakouts not really happening with any strength behind it, moreso just grinding higher. So I wait.
Had a real nice pop here alongside SPY super strength to .70. Halfway there. Stop will be breakeven.
SPY on a tear. PPD still looking great. Just had a big sell come through, might be problem if we cant make a new high here above .71
Didnt, back down to bottom TL and stop. Waiting to see if well hold. We didnt and all out for small win.
Tough day to catch a move. Still cant see myself just buying and watching it be a win. Gotta be what I want. NFLX took off never a chance. AMZN gave me a chance but I was watching something else. SHOP never pulled in far enough for me to get back in. FSLR was the big miss on the day. Took eyes off it and setup perfectly.
MSFT may have been able to get but think I was looking at something else. No chance on ROKU.
Trades I did take today were ok. Lucky enough to get one big win on SHOP to make me green on the day. Others looked good, just no go is all. Risk managed well.
Only thing id fix today is better awareness. There was a lot to look at at all times. Made it hard to be able to capture everything I should have.
Market still up and moving up. Today gapping higher and now looking to break premarket highs. Long and strong. Still plenty of breakouts and failures out there looking to turn back higher.
1. Follow all rules
2. Trade only the cleanest and clearest
AMZN DKNG SHOP FSLR FSLY IQ WKHS MGNX SPAQ
NKLA
Strong premarket, looking for return to prev hod for long at bell.
Got it, but chopped around for a moment and out.
AMZN
strong and held strong while rest of market turning lower. Got in as it failed under vwap and HTF. Added as we are ticking up and SPY turned up as well failed a lod break.
TLB intraday with no vol kick so warnin signs. Looking for HOD, SPY seems to be turning and good tape here. But very slow into this HOD test.
Came back past entry and out for L.
Lost vwap and TL. No re entry yet.
---------------------------------------------------------------------
Did fail to drop lower and reclaimed.
FSLR
Weak open, reclaiming d bo level just under vwap. Reclaiming MAs, looking long.
SHOP
Strong open, coiled above d hi for some time, MAs getting tight. Looking for pb to vwap + htf for long. Market still strong.
Broke into and turned up. Got starter. And added. Am big risk big fav + 10 star. Market turning up should be turning point here in SHOP. Vol was low on pb needs to find it on way up so far tape good.
Tough spot to get thorugh, all MAs just above ant top TL in play. Is breaking point doesnt seem like it has the gas atm. SPY really ripping.
Warning signs for sure. Vol super slow and low. Just made the break but needs to hold it and really start running here.
Not losing it yet, barely hanging on at breakeven. Did see a big buy cross but no follow up. SPY looking parabolic to the upside.
MAs on 1min tight and under. 5min is above and holding us under. Making new micro range here top at 1071 should see that pop if we can break. Any prints under 1068 im out.
And we got our break, bids are stepping up. Super low volume still. 1074 for 1st pivot break. Got it and 1076 for next and hod at 1080 for PT. Vol is not growing here but structure is great. I think well get it.
Buying just now coming in as were past halfway there. Going to use full 50% stop.
Im going to be cautious with this move. Going to take majority on 1min lo. SPY para makes me think well have a much deeper pb shortly and SHOP whole move up volume is so low. Going to reset trade with just holding core. Take what I have. And taken
Giving me stop to work with. SPY turning lower SHOP had a mini pop higher to make new high but rolling back under. Well see.
Did make new hod, stop set.
And all out, downturn was harsh.
AMC
Strong open. Above prev hod and coiling. Tested under tape is here with vol and fail TL break lower. Looking to get long on mini range high break here.
And got it, bid here stepped up, above MAs now should be turing point. Only concern is we havent had a vwap test, but with these names, vwap doesnt matter depending how strong it is. If its super strong we dont need it.
Turned lower close to stop and held and ticked up with more buying. Added small. Can still turn for me, not looking A+ atn.
Did stuff me lower pretty good. Saved a penny.
SPCE
Getting super tight in triangle way above vwap, another one of those retrace to vwap problems. MAs are tight but jsut got above price, wanting long at bottom TL or with momentum higher.
Got what I wanted, in on tape into bo, added at bo level adding on breakout.
And did, buying is all here. Looking for big pop now. Would like to see new HOD from this, looks like it can do it.
Stop is raised, tape is here but so are some decent offers. Above all MAs now so we look great just gotta see it, vol bump
.32 for 1st pivot then .41 then hod at .50
Broke 1st, good vol but no explosion. Is fine. Dealing with trade. Big offers showing up. Taken out still.
Found a bottom on pb it seems just above breakeven. Will be using that.
Sideways, making mini flag. Hit bottom TL right at stop and bounced up a bit. Last chance for this. Low vol pb atm. Not clean. All out.
------------------------------------------------------------------------------
Is resetting. Made it to vwap and coiled above it, just now broke range back above level and TL from new triangle. PB entry.
PB was pretty aggressive, hit level and bounced up quickly as well. Vol low now still think I need to wait for clear test.
Well failed couldnt hold anything.
RRGB
Slow name. Failed a breakdown and reclaimed prev hod just under vwap and above mas. Retesting TL from HOD, looking longs.
Vol has grown on this pop back up and low on pb lower. Think were good here if I can see tape.
Very very quiet. Just waiting on that uptick to get in.
Was down, not up. Have to wait for reset.
------------------------------------------------------------------
And reset it did.
Made new low, no flush, came back up and huge buying coming in at level. Broke TL and tape is here. In at .50, offers here but looking to add more as we break above. Big vol increase.
HTF MAs are under, 1min needs above .50, we are just a bit under vwap. Still liking what I see.
Several minutes with only a few transactions. Price dropped a bit but still considering this a low vol pb. Gotta deal. Is at stop.
Didnt go at all. Had to exit.
SPY
reversal. Super stupid over extended. Past intraday TLs and now HTF TL. Breaking rising wedge to the upside. Waiting for the weakness to show before in. Internals telling me we are getting weak now.
PPD
strong open. lost it, held under level and vwap all da, just now getting back above with volume. Looking long.
TL from earlier spike lower caught up now acting as S. Any upticks im in.
Broke lower into vwap, reclaimed again and good tape and im in. Adding as we are ticking higher. Bids stacked above HTF level.
.60 for 1st pivot break. Wanting to see this at HOD. Hasnt made ATR move yet, ATH. Hasnt really exploded higher from it. Seems like we can do some work here. Market still hot.
Right under top TL from hod. Basically making big triangle right now. Still looking to add with momentum if we can find it. Vol super low so will have to deal with pbs.
And we broke and added. Somehow im running out of BP on this trade though im not even at 1/4 total max BP. Looking at options. And options are not worth the risk so maxed out for now.
So slow, pulling in on me breaking back under TL and some MAs. Overall still bullish. Waiting.
Nice base at .50 just above prev hod and under my avg in. Stop changing to hold under .50
And up to .60, PPD has a recent habit of running up all into the close the past few days. Maybe again, great stuff for it. Market still up and strong. Some names really turning higher right now. Still waiting.
Bid stepping up, waiting for break.
And failed, dropping back to breakeven. Waiting still but obv a problem. HTF charts look so good for a rip here. Shame to not see it.
Back up to just under .60 again with bids here. Have to leave desk for a bit, stop is in at market under .49. Tape still good. Is a rising wedge being made, top TL at .64 well see if its in play.
Came back, almost stopped me out after I moved it up to .53 but waited for action. Pulled into bottom TL and now coming back up again to top. Breakouts not really happening with any strength behind it, moreso just grinding higher. So I wait.
Had a real nice pop here alongside SPY super strength to .70. Halfway there. Stop will be breakeven.
SPY on a tear. PPD still looking great. Just had a big sell come through, might be problem if we cant make a new high here above .71
Didnt, back down to bottom TL and stop. Waiting to see if well hold. We didnt and all out for small win.
Tough day to catch a move. Still cant see myself just buying and watching it be a win. Gotta be what I want. NFLX took off never a chance. AMZN gave me a chance but I was watching something else. SHOP never pulled in far enough for me to get back in. FSLR was the big miss on the day. Took eyes off it and setup perfectly.
MSFT may have been able to get but think I was looking at something else. No chance on ROKU.
Trades I did take today were ok. Lucky enough to get one big win on SHOP to make me green on the day. Others looked good, just no go is all. Risk managed well.
Only thing id fix today is better awareness. There was a lot to look at at all times. Made it hard to be able to capture everything I should have.
Comments
Post a Comment