8/7 DRC
My biggest issues yesterday were
1. Not getting in on big picture.
2. Failed to watch stock at trigger time.
Solutions
1. Take the break of the range/recent hi with small size. Add if you can on pull ins. Do not miss the big picture idea.
2. Have to be nimble and able to watch 2 at a time. If not pick the best setup and go for it.
Numbers coming out today are pretty green market reacted well. SPY sold off a couple points pre market, but already reclaimed and then lost half again. No idea what to expect today. SPY very high and tight in rising wedge, now over extended from it. Lots of other stocks the same. Dont have any short plays today besides one or two so if we do start selling off, I dont really have much to do today. Will have to go dig for more or maybe im missing a possible short in my longs if they fail.
Need to trade well today. Stay focused. Take all trades that are a part of my plan. Cant be missing any moves today if they come from my setups.
AMZN
MSFT
TSLA
PFE
UNH
EXPE
BIIB
Odd spready action but buying was there. Got a failed lod breakdown bought up and bids here. Got in and added but quickly stalled out, spread so big wasnt taking chances all out.
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Re entry possible.
Seeing big offers now, v tight range just above HTF. Need a failed breakdown here to get bought to get back in. Wont chase.
Never found the buying but came back to HTF level making nice range under. Looking for short now on failed break.
Got it with good selling. Added a few times, looking for a good LOD push. Vol on the up move was super light vol.
Just realized I was hitting bids instead of split, avg cost could be better.
Initial downmove light vol too. Warning signs needs to pick up pace. SPY is up and strong.
Slowly moved lower. Was up +3R , took all off +1R. action not favorable really.
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Pulled past breakeven point back to HTF and rejected hard lower on still light vol into more bids. Cant tell with this name. Have to wait for best RR. Not chasing.
Ended up making new LOD. cant blame myself, action was not clear and followed my rules.
DDOG
Weak open, held, reclaimed range high vwap and HTF> Looking for long retrace. Couldnt hold
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Weak all day. coiling very tight above 80 + HTF breakdown level. Could be trade both ways. Scalp short, or failed breakdown long. I see both.
Broke down but I missed it, reclaimed and brok TL from HOD. maybe long back at 80
Got here on super low vol and got my in as we reclaimed 80, quickly failed though. Good exit.
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Might reset right away though, still seeing vol on buy side.
GRPN
Strong gapper, made 2 new HOD pulled back in, this time vwap + pmkt range hi + TL in play. Looking for long, was focused on DDOG, missed best case maybe, need another test.
Got in and added on retset. Tape was good, offers were there but we kept taking them out.
Very very slow tape as we get tighter with MAs. Needs to find it on pop higher if we get it.
Added on range break lots of blue. Stop at BE. Looking for HOD here. Vol kick is in. Offers still here.
Nice pop here up+3R so stop is at +1R. Have to deal with everything in between. Will use 50% only if I see warning signs so far none.
.40 last hod. .59 new hod. Pulling down a bit to test the old micro pivot high at .05 stop at 22.99
Seeing offers taking over and stepping lower with same vol s the break we had. stop raised to 1min lo.
And turned right back higher, then sellers show up again. Tough trade so far its a battle. Bulls look like theyll win but never know. Stop will be moved to 50% if we make new rnage high here above .35 to .20
And thats exactly what happened all out. Will get back in lower. Looking at TL + prev range high.
Well f me, made new HOD and exploded. Never pulled back much further after exit.
FUN
Strong open, super low vol name but pattern is clear and strength is here. Looking for long at vwap + range breakdown + htf bo level.
TSLA
Weak all day coiling above prev lod. Looking for short scalp.
Got in, no add though. Excellent drop will follow 1 min.
Stalling where it should at 71, pmkt lo level. 68 for D break, 61 for big daily break.
All out on 1min high.
There is re entry Big idea back on retest of prev lod / 1478
AAOI
really nice looking triangle, top TL at dbo, vwap in middle, bottom TL and anch vwap from lod. Bias is long ,looking for it at vwap or TL. 38% short flaot is exciting on a gap up with news. Gotta see tape. If not then wait for bo pb.
Came into vwap with v low vol. SPY not helping case, but hasnt made a difference all day.
Broke lower with sell vol. Bought right back up we tick higher im in.
And got in starter. Some big orders coming in. SPY also turned up. Getting into early afternoon.
Spread getting tight. Popped higher, added. Now above all MAs. Some more big orders coming through, in between. Popped again, added again, like it a lot. Vol seeing small kick, obv need more. Top TL just a few cents above.
Not seeing a lot of aggro buying here or on bid, but price moving and in very good location.
Turning lower on me, gotta deal with some pb but not all the way.
Spiked up added more and have new stop to work. Needs to go now or warning signs. Also low vol into top TL now.
HTF level is .75, we have been under it p much all day rejecting it, but cant help but see the chart as bullish still. Vol is a cause for concern, would hate to see it but must respect process and get out.
Mid trade analyst upgrade is nice to see. Minor TL almost in play just under price. MAs still just under price. PA is A+ looking, tape/vol success is not.
Another dip lower got bought right away and we broke TL into HTF level. 1st pivot to break is .80 then .95 for PT. + vol spiking now. Bids stepping up and big. Im pretty big, dont think I need to add anymore.
Above 1st pivot. tape and vol great. Must wait, slow name. But great start here. And HUGE bid just came in. Still not wanting an add this far out from avg price.
Bid stepping and following price. Not going away. We look great for PT hit here. SPY also ripping higher just noticed.
Close to +3R so stop near breakeven. Doesnt need to be a loss at this point. Looking for that blow up never return move.
Seeing some big offers up ahead into 17. 17 showing 25k which is a decent chunk for the name. Either way waiting for .95 to take half now.
Slowing down but holding above .83 for now. No reason to think warning signs yet.
If cant hold above .79 im out, shouldve been long gone. roke down back to mid 70s. Leaving with a win here.
Came right to stop at .74 and bounced up again. HTF at .75 so gave it that penny. Seem to have picked good spot. Will take whatever happens. This is also 50% retrace now.
Couldnt do it, all out need to get back in if its here.
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Spread getting weirdly wide here. Sudden .07 cent spread when its been tight this whole move higher.
Did break lower into TLs top TL retest and minor TL bounce. Well see if tape is here.
Lower into major TL from lod + top tl from prev triangle. vwap still a bit under but if tape is here this is good spot.
Didnt hold anything.
UNH
Market sold off, UNH held on, at vwap + prev hod + prev ath looking for a long here. Might need some time to pass before it looks better but TLs from hod are in play almost touching price. Think I need a break above them and retrace to vwap for long. Unless I see good tape action here before hand.
Solid way to end the week. Will focus on weekly review.
1. Not getting in on big picture.
2. Failed to watch stock at trigger time.
Solutions
1. Take the break of the range/recent hi with small size. Add if you can on pull ins. Do not miss the big picture idea.
2. Have to be nimble and able to watch 2 at a time. If not pick the best setup and go for it.
Numbers coming out today are pretty green market reacted well. SPY sold off a couple points pre market, but already reclaimed and then lost half again. No idea what to expect today. SPY very high and tight in rising wedge, now over extended from it. Lots of other stocks the same. Dont have any short plays today besides one or two so if we do start selling off, I dont really have much to do today. Will have to go dig for more or maybe im missing a possible short in my longs if they fail.
Need to trade well today. Stay focused. Take all trades that are a part of my plan. Cant be missing any moves today if they come from my setups.
AMZN
MSFT
TSLA
PFE
UNH
EXPE
BIIB
Odd spready action but buying was there. Got a failed lod breakdown bought up and bids here. Got in and added but quickly stalled out, spread so big wasnt taking chances all out.
---------------------------------------------------------------------------------------------------
Re entry possible.
Seeing big offers now, v tight range just above HTF. Need a failed breakdown here to get bought to get back in. Wont chase.
Never found the buying but came back to HTF level making nice range under. Looking for short now on failed break.
Got it with good selling. Added a few times, looking for a good LOD push. Vol on the up move was super light vol.
Just realized I was hitting bids instead of split, avg cost could be better.
Initial downmove light vol too. Warning signs needs to pick up pace. SPY is up and strong.
Slowly moved lower. Was up +3R , took all off +1R. action not favorable really.
--------------------------------------------------------------------------------------
Pulled past breakeven point back to HTF and rejected hard lower on still light vol into more bids. Cant tell with this name. Have to wait for best RR. Not chasing.
Ended up making new LOD. cant blame myself, action was not clear and followed my rules.
DDOG
Weak open, held, reclaimed range high vwap and HTF> Looking for long retrace. Couldnt hold
-------------------------------------------------------------------------------------
Weak all day. coiling very tight above 80 + HTF breakdown level. Could be trade both ways. Scalp short, or failed breakdown long. I see both.
Broke down but I missed it, reclaimed and brok TL from HOD. maybe long back at 80
Got here on super low vol and got my in as we reclaimed 80, quickly failed though. Good exit.
--------------------------------------------------------------------------------------
Might reset right away though, still seeing vol on buy side.
GRPN
Strong gapper, made 2 new HOD pulled back in, this time vwap + pmkt range hi + TL in play. Looking for long, was focused on DDOG, missed best case maybe, need another test.
Got in and added on retset. Tape was good, offers were there but we kept taking them out.
Very very slow tape as we get tighter with MAs. Needs to find it on pop higher if we get it.
Added on range break lots of blue. Stop at BE. Looking for HOD here. Vol kick is in. Offers still here.
Nice pop here up+3R so stop is at +1R. Have to deal with everything in between. Will use 50% only if I see warning signs so far none.
.40 last hod. .59 new hod. Pulling down a bit to test the old micro pivot high at .05 stop at 22.99
Seeing offers taking over and stepping lower with same vol s the break we had. stop raised to 1min lo.
And turned right back higher, then sellers show up again. Tough trade so far its a battle. Bulls look like theyll win but never know. Stop will be moved to 50% if we make new rnage high here above .35 to .20
And thats exactly what happened all out. Will get back in lower. Looking at TL + prev range high.
Well f me, made new HOD and exploded. Never pulled back much further after exit.
FUN
Strong open, super low vol name but pattern is clear and strength is here. Looking for long at vwap + range breakdown + htf bo level.
TSLA
Weak all day coiling above prev lod. Looking for short scalp.
Got in, no add though. Excellent drop will follow 1 min.
Stalling where it should at 71, pmkt lo level. 68 for D break, 61 for big daily break.
All out on 1min high.
There is re entry Big idea back on retest of prev lod / 1478
AAOI
really nice looking triangle, top TL at dbo, vwap in middle, bottom TL and anch vwap from lod. Bias is long ,looking for it at vwap or TL. 38% short flaot is exciting on a gap up with news. Gotta see tape. If not then wait for bo pb.
Came into vwap with v low vol. SPY not helping case, but hasnt made a difference all day.
Broke lower with sell vol. Bought right back up we tick higher im in.
And got in starter. Some big orders coming in. SPY also turned up. Getting into early afternoon.
Spread getting tight. Popped higher, added. Now above all MAs. Some more big orders coming through, in between. Popped again, added again, like it a lot. Vol seeing small kick, obv need more. Top TL just a few cents above.
Not seeing a lot of aggro buying here or on bid, but price moving and in very good location.
Turning lower on me, gotta deal with some pb but not all the way.
Spiked up added more and have new stop to work. Needs to go now or warning signs. Also low vol into top TL now.
HTF level is .75, we have been under it p much all day rejecting it, but cant help but see the chart as bullish still. Vol is a cause for concern, would hate to see it but must respect process and get out.
Mid trade analyst upgrade is nice to see. Minor TL almost in play just under price. MAs still just under price. PA is A+ looking, tape/vol success is not.
Another dip lower got bought right away and we broke TL into HTF level. 1st pivot to break is .80 then .95 for PT. + vol spiking now. Bids stepping up and big. Im pretty big, dont think I need to add anymore.
Above 1st pivot. tape and vol great. Must wait, slow name. But great start here. And HUGE bid just came in. Still not wanting an add this far out from avg price.
Bid stepping and following price. Not going away. We look great for PT hit here. SPY also ripping higher just noticed.
Close to +3R so stop near breakeven. Doesnt need to be a loss at this point. Looking for that blow up never return move.
Seeing some big offers up ahead into 17. 17 showing 25k which is a decent chunk for the name. Either way waiting for .95 to take half now.
Slowing down but holding above .83 for now. No reason to think warning signs yet.
If cant hold above .79 im out, shouldve been long gone. roke down back to mid 70s. Leaving with a win here.
Came right to stop at .74 and bounced up again. HTF at .75 so gave it that penny. Seem to have picked good spot. Will take whatever happens. This is also 50% retrace now.
Couldnt do it, all out need to get back in if its here.
-------------------------------------------------------------------------------------------
Spread getting weirdly wide here. Sudden .07 cent spread when its been tight this whole move higher.
Did break lower into TLs top TL retest and minor TL bounce. Well see if tape is here.
Lower into major TL from lod + top tl from prev triangle. vwap still a bit under but if tape is here this is good spot.
Didnt hold anything.
UNH
Market sold off, UNH held on, at vwap + prev hod + prev ath looking for a long here. Might need some time to pass before it looks better but TLs from hod are in play almost touching price. Think I need a break above them and retrace to vwap for long. Unless I see good tape action here before hand.
Solid way to end the week. Will focus on weekly review.
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