8/4 DRC
Lots to look at today. I charted last night after the close and had 23 stocks on my watchlist + airlines and cruise back on short squeeze watch. Gonna be a super busy day I thought.
Then SPY gapped down a decent ways and headed into the bell with weak premarket. If we want to pullback, it wouldnt be the worst thing, but to see it do it now after I had so many bullish setups kinda sucks. Either way will be looking for a bottom and for my stocks to not care too much and continue on regardless.
Yesterday was a solid day. Got good trades in, good setups, clear action, clear market strength, managed risk well and sized up accordingly. Looking to do the same today.
1. Only take trades that are at prevhod or dbo level
2. Only take trades that are showing signs of strength. Not catching them at 'the bottom'
3. Get in a trade if best entry missed, half size
4. Follow new rules
NFLX
AMD
ROKU
BABA
COST
PFE (If sets up)
WW
MRNA
AMD
Nice ORB setup, tape was great every time it skipped down to .50 would spike up, got starter and added. Was a very fast trade, went right to HOD and plan not set in complete stone so took a quick scalp win. Have a partial to ride though.
Took off majority on new 1min candle lo but got me good, ripped back up after I got out. Didnt actually trigger, but looked like it was going to so bailed.
A shame really. Kinda panicked wasnt expecting to hit PT so quickly and took off all that size when I could've captured 2$ out of it. Was a $1600 trade I choked off.
All out last bit after it got above 82.
NFLX
Strong open, came back into prev hod. Looking for bounce long. SPY still strong.
Did not get good entry, but tape was here. 503 had big bid, then we spiked up and bigger bid followed up. Using that as stop. Not best RR case here or max size, but am in the trade.
Had nice pop, rolling back lower already, using new stop rules will be out breakeven.
Not a real clean trade already. Made new HOD, stuffed and made back 50% so all out on that retrace. Keeps making HH but can tell its drying out. Seems ready for a deeper pb before a bigger move higher.
No regrets, followed plan.
-------------------------------------------------------------------------------------------
Later in day had bigger run up, slowly grinded back to HTF breakout level above vwap and coiled for an hour. Looking for failed breakdown to get long.
Broke minor TL to upside, no significant volume. MAs tight but not all under.
Did find some vol and pulling back to level with SPY. Might not be what I want here yet.
----------------------------------------------------------------------------------------
Sold off and reclaimed back above. Looking for long. Broke TL and failed rolling back lower to retest, need obv tape signs.
Market still up and strong, no significant pb, internals now making LLs here, might be a problem.
Sold off slowly into bottom TL from lod and vwap.
Bad timing, if SPY couldve held one, wouldve been great spot for long but sold off witth SPY.
ROKU
Sideways open, failed a LOD break and reclaimed level and vwap. Looking for pb long off vwap and d bo level.
Pulling into vwap and huge offer at 166.50. Looking for good buying lower I dont mind getting long in front.
Broke him, came back lower. SPY ripping higher, not really seeing it in ROKU. Selling is here, maybe hidden, lots of red. And good call, dumped below vwap.
--------------------------------------------------------------------
A reclaim here would be very nice. Good flush lower on small vol, tight triangle forming, if can get back above, would be very nice setup.
Nope broke back down
And failed and reclaimed anyways. Structure isnt clean now. Top TL on top of HTF. Will have to wait on breakout pullback.
Nope broke back down
Now looking good for a short. Sellers in control and vol drying up on last pullback up, Missed it.
Pulled back up to vwap and HTF level and TL broke higher. Looking for this to fail for a short. Market is strong but ROKU being weak so much lately, making me think there can be a good short here.
------------------------------------------------------------------------------------
Wedged in between vwap and HTF bo level, tough call. Need to be patient and not get ahead of any moves yet. Long may be here, but best spot is under HTF level, Short may be here, but PA now acting bullish holding above vwap.
Buying on the tape, but very low volume, and slow. Market up and strong still. ROKU not finding it, we broke TL from lower pivot with vol, and pb since then has been v low vol. I still think this short is here, but not super obvious.
-----------------------------------------------------------------------
Later on it did the same thing again, this time popping higher with volume breaking triangle. Looking for pb to get long.
Broke lower hard past TL and htf level. But bought back up right away. Tough to see good RR here yet.
SPY too weak again. ROKU rvol at 1, so for mid day its slightly above avg. Need tape confirm here or else SPY will make it a loser.
Got me real good. gave all signs I needed and SPY curling higher and bids stepping up. Stuffed on me so fast all out full loss.
Well trade station fucked me good. Put stop in, sent but i guess not recieved so it just sat there not filling. Ended up dropping another .30 cents on me to vwap before it bottom and bounced and I was lucky to have a big bid step up, once he was gone I was gone. Almoist -3R loss. Just -1 now.
BABA
Late day big squeeze, coming back to prev hod also intraday spot. Looking for bounce long.
Buying is here and we slowed, got in and added. Max BP real quick. Already up 1R and were squeezing higher.
Up 3R, stop to +1R
Pushed higher stop up more. Think im going for a scalp on this. Late in day and things almost too much too fast. Dont wanna give it back because it looks like it needs to build sideways and consolidate a while longer. We only just bounced for 1st time after strength shown.
Other china stocks also rising. Not like BABA though, could go both ways.
Vol rising, but seeing price stall and go sideways. Above all MAs here, but cant expect a straight line back to HOD.
Building above my stop at 216. 1min MAs all under, looks good for another move higher. Stop is good, need to see it. SPY also popping higher from vwap and KWEB too. Got a lot of confluence here, should see it. Warning signs if we dont.
And we did see a nice little rise up. Minor TL to work with, MAs curling up, we look good for new HOD but still expecting some deeper pb. Stop following move at 50%.
Doesnt matter, right to HOD, KWEB ripping alongside us here, vol is not growing though, wonder if well get through.
Taking half off on 1min lo. And half out. Not giving up 50% for an extra .04 cents. Stop for last half is at 50%
Made new HOD anyways. Taking another half off.
Rolling right over did not get above 262. Going to be all out once minor TL is broke and looks like market is curling over lower, maybe that deeper pb I want. Will get back in lower if its there. And all out.
Solid day. Good setups good trades. Really hurt myself not holding size on AMD. You never know. Follow the plan.
Then SPY gapped down a decent ways and headed into the bell with weak premarket. If we want to pullback, it wouldnt be the worst thing, but to see it do it now after I had so many bullish setups kinda sucks. Either way will be looking for a bottom and for my stocks to not care too much and continue on regardless.
Yesterday was a solid day. Got good trades in, good setups, clear action, clear market strength, managed risk well and sized up accordingly. Looking to do the same today.
1. Only take trades that are at prevhod or dbo level
2. Only take trades that are showing signs of strength. Not catching them at 'the bottom'
3. Get in a trade if best entry missed, half size
4. Follow new rules
NFLX
AMD
ROKU
BABA
COST
PFE (If sets up)
WW
MRNA
AMD
Nice ORB setup, tape was great every time it skipped down to .50 would spike up, got starter and added. Was a very fast trade, went right to HOD and plan not set in complete stone so took a quick scalp win. Have a partial to ride though.
Took off majority on new 1min candle lo but got me good, ripped back up after I got out. Didnt actually trigger, but looked like it was going to so bailed.
A shame really. Kinda panicked wasnt expecting to hit PT so quickly and took off all that size when I could've captured 2$ out of it. Was a $1600 trade I choked off.
All out last bit after it got above 82.
NFLX
Strong open, came back into prev hod. Looking for bounce long. SPY still strong.
Did not get good entry, but tape was here. 503 had big bid, then we spiked up and bigger bid followed up. Using that as stop. Not best RR case here or max size, but am in the trade.
Had nice pop, rolling back lower already, using new stop rules will be out breakeven.
Not a real clean trade already. Made new HOD, stuffed and made back 50% so all out on that retrace. Keeps making HH but can tell its drying out. Seems ready for a deeper pb before a bigger move higher.
No regrets, followed plan.
-------------------------------------------------------------------------------------------
Later in day had bigger run up, slowly grinded back to HTF breakout level above vwap and coiled for an hour. Looking for failed breakdown to get long.
Broke minor TL to upside, no significant volume. MAs tight but not all under.
Did find some vol and pulling back to level with SPY. Might not be what I want here yet.
----------------------------------------------------------------------------------------
Sold off and reclaimed back above. Looking for long. Broke TL and failed rolling back lower to retest, need obv tape signs.
Market still up and strong, no significant pb, internals now making LLs here, might be a problem.
Sold off slowly into bottom TL from lod and vwap.
Bad timing, if SPY couldve held one, wouldve been great spot for long but sold off witth SPY.
ROKU
Sideways open, failed a LOD break and reclaimed level and vwap. Looking for pb long off vwap and d bo level.
Pulling into vwap and huge offer at 166.50. Looking for good buying lower I dont mind getting long in front.
Broke him, came back lower. SPY ripping higher, not really seeing it in ROKU. Selling is here, maybe hidden, lots of red. And good call, dumped below vwap.
--------------------------------------------------------------------
A reclaim here would be very nice. Good flush lower on small vol, tight triangle forming, if can get back above, would be very nice setup.
Nope broke back down
And failed and reclaimed anyways. Structure isnt clean now. Top TL on top of HTF. Will have to wait on breakout pullback.
Nope broke back down
Now looking good for a short. Sellers in control and vol drying up on last pullback up, Missed it.
Pulled back up to vwap and HTF level and TL broke higher. Looking for this to fail for a short. Market is strong but ROKU being weak so much lately, making me think there can be a good short here.
------------------------------------------------------------------------------------
Wedged in between vwap and HTF bo level, tough call. Need to be patient and not get ahead of any moves yet. Long may be here, but best spot is under HTF level, Short may be here, but PA now acting bullish holding above vwap.
Buying on the tape, but very low volume, and slow. Market up and strong still. ROKU not finding it, we broke TL from lower pivot with vol, and pb since then has been v low vol. I still think this short is here, but not super obvious.
-----------------------------------------------------------------------
Later on it did the same thing again, this time popping higher with volume breaking triangle. Looking for pb to get long.
Broke lower hard past TL and htf level. But bought back up right away. Tough to see good RR here yet.
SPY too weak again. ROKU rvol at 1, so for mid day its slightly above avg. Need tape confirm here or else SPY will make it a loser.
Got me real good. gave all signs I needed and SPY curling higher and bids stepping up. Stuffed on me so fast all out full loss.
Well trade station fucked me good. Put stop in, sent but i guess not recieved so it just sat there not filling. Ended up dropping another .30 cents on me to vwap before it bottom and bounced and I was lucky to have a big bid step up, once he was gone I was gone. Almoist -3R loss. Just -1 now.
BABA
Late day big squeeze, coming back to prev hod also intraday spot. Looking for bounce long.
Buying is here and we slowed, got in and added. Max BP real quick. Already up 1R and were squeezing higher.
Up 3R, stop to +1R
Pushed higher stop up more. Think im going for a scalp on this. Late in day and things almost too much too fast. Dont wanna give it back because it looks like it needs to build sideways and consolidate a while longer. We only just bounced for 1st time after strength shown.
Other china stocks also rising. Not like BABA though, could go both ways.
Vol rising, but seeing price stall and go sideways. Above all MAs here, but cant expect a straight line back to HOD.
Building above my stop at 216. 1min MAs all under, looks good for another move higher. Stop is good, need to see it. SPY also popping higher from vwap and KWEB too. Got a lot of confluence here, should see it. Warning signs if we dont.
And we did see a nice little rise up. Minor TL to work with, MAs curling up, we look good for new HOD but still expecting some deeper pb. Stop following move at 50%.
Doesnt matter, right to HOD, KWEB ripping alongside us here, vol is not growing though, wonder if well get through.
Taking half off on 1min lo. And half out. Not giving up 50% for an extra .04 cents. Stop for last half is at 50%
Made new HOD anyways. Taking another half off.
Rolling right over did not get above 262. Going to be all out once minor TL is broke and looks like market is curling over lower, maybe that deeper pb I want. Will get back in lower if its there. And all out.
Solid day. Good setups good trades. Really hurt myself not holding size on AMD. You never know. Follow the plan.
Comments
Post a Comment