8/3 DRC
Strong looking day. Everything gapping up, lots of failed breakdowns + earnings on friday, everything pointing up. Going to be looking for a lot of quick pb entries at the open.
Coming off a rough month, new rules are in place to help keep my money. Time to follow them and see what happens.
1. Follow new rules.
2. Get into a big picture idea even if I miss 1st entry.
Favorites
NFLX
TSLA
ROKU
COST
UNH
GSX
CHWY
EXPE
EXPE
1st of the dya. Market sideways a bit but names im watching were strong. EXPE had a good pop a tthe open, came back hard to prev HOD and found real good buying. I got in.
Added twice as we ticked lower and followed risk plan.
Bids thinned and dropped out, once we ticked lower I got all out. Made a little move higher, but seems to be coming back. Will get back in.
And did get re entry. SPY falling but EXPE found good buying again at level. Looking for HOD push. WIll see, should be turning point higher.
SPY also moving up here.
Tested lower once more, very light selling, held on, back to breakeven. Time has passed here we need to go if not I need to be out -.5R
Huge offer showed up, tried to get out fast, couldnt, full loss.
ROKU
Market a bit sideways, ROKU weak into prev HOD but vol slowing and looking better for long.
In and added as we went up. Tape A+ huge bids in.
Sellers holding these prices lower but bids still here and strong. Cant move stop higher yet but is at breakeven.
Huge bid holds at 159 but were not popping higher now. Coiling up, SPY also turning up, shouldnt give this much more of a chance. Needs to get to vwap for PT.
Vol just died, very odd, super low vol candles on our 2nd attempt higher. Not good but sticking with stop.
Bid dropped, stopped out.
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Broke down, made new Low, but no follow through, SPY exploded a point higher in a couple minutes, still going, ROKU seeing some buying again. May be re entry.
Coiling around pre HOD ultimately above. Waiting to see it.
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Got above levels later and looking for long on bounce from prev hod.
Coiled around it for some time, now above with market strength again. Looking for it.
Had nice pop higher, came back to dbo level, looking for long.
Got what I need, broke down from range under vwap, good tape got bought up. In and added. Added again as it kept going and holding above avg entry is good. Vwap was last R that held, looking for a bust out, if not then need quick in and out. SPY still rising and strong.
Got above, stop ensures a win. Good action. Looking for break of last spike pivot we had. .
Right into TL from HOD. This is where warning signs will come in if we fail. I take all off at 50% retrace. We should be getting through this.
We did, looked ok but SPY rolling lower again. Stop is in.
Definitely warning signs. Tape slow, buyers here and winning but were not going any higher. SPY not helping at all now deeper pb than weve had last hour. Have not broken 160 yet.
Broke it and rejected right away, stop tightened more. And all out. Must re enter if there.
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159.50 is vwap and lots of pivots around it. Re entry spot.
Broke under and into HTF prev hod again. Tape not here yet.
Broke under 159 and prev pivot and sold off ard into major TL from lod. Will have to wait on reset reclaim of level.
NFLX
V strong open, coming back to vwap + prev hod.
Got there and under, didnt see any selling or buying, Tape seems to favor bulls. Waiting to see it. SPY is back up moving higher again.
Saw it as we got above 495 and got in and added. Was turning point as SPY still strong and we were ticking higher. Did not follow through, down to stop. And out.
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Grinded slowly higher anyways right after exit while SPY dumping a point losing all gains. NFLX back at it, maybe re entry.
Got in after 495 reclaimed, immediately stuffed .50 cents on me. Out and then reclaimed 495again.
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Giving setup again. Vol came in and MAs starting to get tight under price. Waiting on good cues.
Got them as we ripped back above after test lower. And added.
Wanted to add more as tape was there but max BP. Right to whole number and SPY doing same, now up +1R stop near breakeven,
We broke TL from HOD, some vol increase + SPY help. Should be gone.
Moving ok. Up +2R, need to leave this with a win. Getting close to PT, but not A+ action here.
Bid showed up at 496, will be out all under him and looking to get back in.
And we couldnt get to PT, all out under that break.
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Hovered a bit, made new high into PT and broke it higher. Saw no way back in, pullback was never there to vwap.
Break was weak and failed back lower. Might get that re entry. Need tape. Market is here.
Excellent spot at vwap as its got HTF level and TL from lod for S.
Came to TL and broke lower, saw nothing and got starter back in with risk at vwap.
Added as we ticked higher.
Came near stop, couldnt find any selling, added on new 1min high. Stop tightened, looking for better breakout.
MAs under price here, and had vol kick. Looks good, needs to follow through.
Spread getting real wide, offers keep backing up higher. No buys taking it. Gotta stick with plan still. +2R is in play but the action leading me to give it some room still. No reason to exit early yet. Havent seen any warning signs.
Ok now we got some. SPY rolling over lower, NFLX last attempt higher v weak and vol low. Stop just positive.
Lots of time passing. PA getting super slow, seems like im just waiting to stop out. Could still make that move higher, doesnt seem like it wants it though.
I was wrong we spiked up into that pivot high and broke it. Warning signs are here though, stop at 50%, trying to take half off soon.
We have a vol increase, but ive seen nothing but selling on the tape since break.
We do have rising wedge forming that we broke higher from, We got into 498 where big offer was, SPY same thing rolled over lower, NFLX followed, out majority.
Taking all of this as warning signs, 498 also HTF breakout level getting rejected. Stop at 50% following move.
498.20 for early morning pivot break. I keep seeing selling but we keep moving up so there must be passive buying here. Vol is increasing still. Not expecting a new HOD from this but who knows. Broke above pivot.
Starting to get a little para into this. Going to follow 1min and be all out on new low. And out.
There is case for re entry, but will have to reset and time needs to pass.
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Coiled under 499 and around dbo level for a while with lo vol. Just retraced to major TL on top of dbo level. Looking long.
Stayed patient and waited. Broke under range and TL and reclaimed quickly. Too quickly waited for a snap back to see tape and looked good. Got in and added right away. Looks good as SPY also turning up again.
Just noticing but volume is NOT here. is very very low. PA itself and cnadles look a+ though along with tape spikes. Looking for new HOD break. 1st to break is 499. then HOD at 499.90
Pulled into MAs and avg in and bounced up. Added last bit. SPY still up, internals ok. We look higher, well see.
Nice pop for +1R, it is NFLX though so will have to give space under breakeven. No need to call it yet. Made new push above micro high into 499. Still no volume. Bid did show up.
Big vol spike and buys into range break. Stop raised much higher now. Should blast off from here into new HOD.
Good tape cues here, needs to hold, if not warning signs and stop at 50%.
Has not lost it yet and holding above 499. 500 big number lets see it. Vol still holding higher and growing.
PT hit, new hod. And a minute later blasted through 500.
To 501, no partial taken. 502 is MM will be all out if hit. And to add to that ther is TL in play that will show over extension. All out if that is broken too.
And we saw exactly that. Hit over ext, big 1$ sell off in 1min, all out.
Ended up making another new HOD push anyways. Am fine with what I did.
Very solid start to the week. Was worried at the open, was down close to 400, made it back and then some. Last trade doesnt matter, just gotta follow the process.
New rules worked great today. Kept my wins, small and big, kept my losses short and small.
Only bad loss was on EXPE, tried getting out early, no fill, ended up taking a much bigger loss than what I wanted.
ROKU was a miss. I stopped looking for longs on it as it was breaking down, but into major TL from lod and prev lod. Was an A+ spot to find that long, bounced perfectly and took off ripped higher.
There may be a few more trades to come from today but I am happy with what I got. Getting into late afternoon things slowing down and by the looks of it already made some pretty steep moves.
A thing I noticed with wins is that they came from
1. Strength was found and held
2. MAs either below price, or tight above above HTF
3. Above vwap, or just under it above HTF/range
Something to note for next time. There were a few added variables on my long wins than my long losses earlier in the day. Fought the momentum.
Coming off a rough month, new rules are in place to help keep my money. Time to follow them and see what happens.
1. Follow new rules.
2. Get into a big picture idea even if I miss 1st entry.
Favorites
NFLX
TSLA
ROKU
COST
UNH
GSX
CHWY
EXPE
EXPE
1st of the dya. Market sideways a bit but names im watching were strong. EXPE had a good pop a tthe open, came back hard to prev HOD and found real good buying. I got in.
Added twice as we ticked lower and followed risk plan.
Bids thinned and dropped out, once we ticked lower I got all out. Made a little move higher, but seems to be coming back. Will get back in.
And did get re entry. SPY falling but EXPE found good buying again at level. Looking for HOD push. WIll see, should be turning point higher.
SPY also moving up here.
Tested lower once more, very light selling, held on, back to breakeven. Time has passed here we need to go if not I need to be out -.5R
Huge offer showed up, tried to get out fast, couldnt, full loss.
ROKU
Market a bit sideways, ROKU weak into prev HOD but vol slowing and looking better for long.
In and added as we went up. Tape A+ huge bids in.
Sellers holding these prices lower but bids still here and strong. Cant move stop higher yet but is at breakeven.
Huge bid holds at 159 but were not popping higher now. Coiling up, SPY also turning up, shouldnt give this much more of a chance. Needs to get to vwap for PT.
Vol just died, very odd, super low vol candles on our 2nd attempt higher. Not good but sticking with stop.
Bid dropped, stopped out.
----------------------------------------
Broke down, made new Low, but no follow through, SPY exploded a point higher in a couple minutes, still going, ROKU seeing some buying again. May be re entry.
Coiling around pre HOD ultimately above. Waiting to see it.
---------------------------------------------------------------------------
Got above levels later and looking for long on bounce from prev hod.
Coiled around it for some time, now above with market strength again. Looking for it.
Had nice pop higher, came back to dbo level, looking for long.
Got what I need, broke down from range under vwap, good tape got bought up. In and added. Added again as it kept going and holding above avg entry is good. Vwap was last R that held, looking for a bust out, if not then need quick in and out. SPY still rising and strong.
Got above, stop ensures a win. Good action. Looking for break of last spike pivot we had. .
Right into TL from HOD. This is where warning signs will come in if we fail. I take all off at 50% retrace. We should be getting through this.
We did, looked ok but SPY rolling lower again. Stop is in.
Definitely warning signs. Tape slow, buyers here and winning but were not going any higher. SPY not helping at all now deeper pb than weve had last hour. Have not broken 160 yet.
Broke it and rejected right away, stop tightened more. And all out. Must re enter if there.
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159.50 is vwap and lots of pivots around it. Re entry spot.
Broke under and into HTF prev hod again. Tape not here yet.
Broke under 159 and prev pivot and sold off ard into major TL from lod. Will have to wait on reset reclaim of level.
NFLX
V strong open, coming back to vwap + prev hod.
Got there and under, didnt see any selling or buying, Tape seems to favor bulls. Waiting to see it. SPY is back up moving higher again.
Saw it as we got above 495 and got in and added. Was turning point as SPY still strong and we were ticking higher. Did not follow through, down to stop. And out.
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Grinded slowly higher anyways right after exit while SPY dumping a point losing all gains. NFLX back at it, maybe re entry.
Got in after 495 reclaimed, immediately stuffed .50 cents on me. Out and then reclaimed 495again.
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Giving setup again. Vol came in and MAs starting to get tight under price. Waiting on good cues.
Got them as we ripped back above after test lower. And added.
Wanted to add more as tape was there but max BP. Right to whole number and SPY doing same, now up +1R stop near breakeven,
We broke TL from HOD, some vol increase + SPY help. Should be gone.
Moving ok. Up +2R, need to leave this with a win. Getting close to PT, but not A+ action here.
Bid showed up at 496, will be out all under him and looking to get back in.
And we couldnt get to PT, all out under that break.
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Hovered a bit, made new high into PT and broke it higher. Saw no way back in, pullback was never there to vwap.
Break was weak and failed back lower. Might get that re entry. Need tape. Market is here.
Excellent spot at vwap as its got HTF level and TL from lod for S.
Came to TL and broke lower, saw nothing and got starter back in with risk at vwap.
Added as we ticked higher.
Came near stop, couldnt find any selling, added on new 1min high. Stop tightened, looking for better breakout.
MAs under price here, and had vol kick. Looks good, needs to follow through.
Spread getting real wide, offers keep backing up higher. No buys taking it. Gotta stick with plan still. +2R is in play but the action leading me to give it some room still. No reason to exit early yet. Havent seen any warning signs.
Ok now we got some. SPY rolling over lower, NFLX last attempt higher v weak and vol low. Stop just positive.
Lots of time passing. PA getting super slow, seems like im just waiting to stop out. Could still make that move higher, doesnt seem like it wants it though.
I was wrong we spiked up into that pivot high and broke it. Warning signs are here though, stop at 50%, trying to take half off soon.
We have a vol increase, but ive seen nothing but selling on the tape since break.
We do have rising wedge forming that we broke higher from, We got into 498 where big offer was, SPY same thing rolled over lower, NFLX followed, out majority.
Taking all of this as warning signs, 498 also HTF breakout level getting rejected. Stop at 50% following move.
498.20 for early morning pivot break. I keep seeing selling but we keep moving up so there must be passive buying here. Vol is increasing still. Not expecting a new HOD from this but who knows. Broke above pivot.
Starting to get a little para into this. Going to follow 1min and be all out on new low. And out.
There is case for re entry, but will have to reset and time needs to pass.
-------------------------------------------------------------------------
Coiled under 499 and around dbo level for a while with lo vol. Just retraced to major TL on top of dbo level. Looking long.
Stayed patient and waited. Broke under range and TL and reclaimed quickly. Too quickly waited for a snap back to see tape and looked good. Got in and added right away. Looks good as SPY also turning up again.
Just noticing but volume is NOT here. is very very low. PA itself and cnadles look a+ though along with tape spikes. Looking for new HOD break. 1st to break is 499. then HOD at 499.90
Pulled into MAs and avg in and bounced up. Added last bit. SPY still up, internals ok. We look higher, well see.
Nice pop for +1R, it is NFLX though so will have to give space under breakeven. No need to call it yet. Made new push above micro high into 499. Still no volume. Bid did show up.
Big vol spike and buys into range break. Stop raised much higher now. Should blast off from here into new HOD.
Good tape cues here, needs to hold, if not warning signs and stop at 50%.
Has not lost it yet and holding above 499. 500 big number lets see it. Vol still holding higher and growing.
PT hit, new hod. And a minute later blasted through 500.
To 501, no partial taken. 502 is MM will be all out if hit. And to add to that ther is TL in play that will show over extension. All out if that is broken too.
And we saw exactly that. Hit over ext, big 1$ sell off in 1min, all out.
Ended up making another new HOD push anyways. Am fine with what I did.
Very solid start to the week. Was worried at the open, was down close to 400, made it back and then some. Last trade doesnt matter, just gotta follow the process.
New rules worked great today. Kept my wins, small and big, kept my losses short and small.
Only bad loss was on EXPE, tried getting out early, no fill, ended up taking a much bigger loss than what I wanted.
ROKU was a miss. I stopped looking for longs on it as it was breaking down, but into major TL from lod and prev lod. Was an A+ spot to find that long, bounced perfectly and took off ripped higher.
There may be a few more trades to come from today but I am happy with what I got. Getting into late afternoon things slowing down and by the looks of it already made some pretty steep moves.
A thing I noticed with wins is that they came from
1. Strength was found and held
2. MAs either below price, or tight above above HTF
3. Above vwap, or just under it above HTF/range
Something to note for next time. There were a few added variables on my long wins than my long losses earlier in the day. Fought the momentum.
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