9/1 DRC
New month. Things shaking up a bit, more of a repeat of last week. We go lots of failures everywhere still. Majority up and holding higher yet some names still lagging and looking good for a breakdown. VIX popping while SPY still making new highs. Expecting that turn to come at any moment. And when it does, also expecting it to be a serious sell off. Lots of room to the downside.
Either way, still have good longs to take, premarket still giving some good setups so will have to wait and see.
1. Take the clean and clear, if market is weak, the long will have to be really clean and clear.
2. Follow all rules.
3. Size up. Start bigger, add bigger.
BA BYND DDOG FSLR LLY WKHS MGNX VRM
LVGO
Sideways open, above htf levels. Tape is spready slow but fast when popping. Need to see it hit dbo level for long.
LLY
Sideways above prev hod, retraced to it after new hod and looked good for a moment but failed and dropped off all out.
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Shortly after it did come back up on huge buying, and again a 2nd time. Still hovering around prev hod with market strong. Waiting to see it before re entry.
Saw it as we stepped higher and added. Spiking above range now and MAs is turning point now. Should see pop, if not warning signs. Tape is great.
Got to just under hod. And back to breakeven. Held a flash and back up again. Will be stop. And did it and out. Looking to get back in if here.
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Back to new lod, no flush, no selling, small buying bringing us back up.
WW
At huge breakdown spot. Cant lose it yet, big bids keep refreshing lower but also getting taen out. Back up to vwap and TL, waiting to see pop if short is here.
Coiling tight for long time under vwap, never saw pop, never saw drop. Did take out huge bid and holding under. Want to see it fial above vwap still.
Long time building under vwap. Could even be decent long pop here given the bids ive seen. Still think short has best potential so I want to wait to see it fail on pop above vwap still.
TTWO
Strong name, failed lower, back above prev hod and vwap with MAs. Waiting.
Tough to get fill but need to see the right things. Dont need to chase.
Missed with no fill on order. Sacrificed a point of profit for 6 cents. Didnt hit ask. Came down to level again anyways with better support so getting a 2nd chance.
Has what I want, cannot get the fill. RR gone. Have to wait again.
Down to bottom TL and level and vwap again. SPY weak dropping hard lower. TWLO not seeing it yet but is looking weak still. MAs tight curling lower from above. Tape needs to be here.
Back above with good action. And in. Added as bids came in and stepped up. Back to v tight Mas and prev TL bottom. Has to reclaim, SPY not dropping but seems like a failed break lower.
Turned fast lower on me and out. Bad loss.
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Guess im the asshole. Back up and above right away.
Slow retrace back to mini pivot low we just made. If tape is here the long is still ok. Is not. Will have to reset later.
VXX
SPY strong but recently failed to make new HOD. Internals also seeing some weakness come in and SPY under most MAs. Getting tight. VXX clear level to work with + vwap + TL. Looking to long here. Expecting flush in the market.
Well were getting to where I want to buy, but market now strong. Internals HOD. Can still fail though, action on SPY is key here.
PENN
ATH break, high and tight around it, just broke higher from TL and retreating back to test level with another TL as S. We are well above vwap but weve been holding here for some time. Probably still some left in the tank.
Got under, ripped back up and im in.
Couldnt do it all out.
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Later in day got even tighter with new triangle. Waiting for retest of level for in. Made the break with good tape but coming back already to retest.
Goit in and looked great as we got back above 58, right away turned on me back to stop and stalled. Everything is super tight here. Still like the upside.
And we ripped higher and I added. And again stuffed lower again. Gotta deal.
Couldnt do it and all out again. Re entry may be here.
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And right away reclaimed and failed a TL breakdown.
Back to HTF, and market getting strong. And im back in as we got above 58 again.
NVDA
Another not on watchlist, making giant bullflag, super tight, just failed a breakdown and coming back up to breaking point. Looking to scalp momentum.
Thought I saw it, quickly turned to failure and sold off.
Got it again though, this time with SPY help as it ripped up.
Solid move to start, waiting to take half on 1min lows. Looks like we can keep ripping here, great structure.
Unbelievable move to new HOD. Took all off at 1st signs of real R. Ridiculous. Tried to add to the trade but was maxed out on entry.
Was a momentum scalp, once the momo stopped, my idea is done. Still ripping higher.
Need to be done for the day. Getting pissed. Did not trade well. Missed 3 big wins at the open. PENN fucking me. Took 7 losses today more than -1R, already a quarter of what I did the entire last month. Need to walk away. Grateful to be green. Dont need to ruin it.
Either way, still have good longs to take, premarket still giving some good setups so will have to wait and see.
1. Take the clean and clear, if market is weak, the long will have to be really clean and clear.
2. Follow all rules.
3. Size up. Start bigger, add bigger.
BA BYND DDOG FSLR LLY WKHS MGNX VRM
LVGO
Sideways open, above htf levels. Tape is spready slow but fast when popping. Need to see it hit dbo level for long.
LLY
Sideways above prev hod, retraced to it after new hod and looked good for a moment but failed and dropped off all out.
-----------------------------------------------------------------------------
Shortly after it did come back up on huge buying, and again a 2nd time. Still hovering around prev hod with market strong. Waiting to see it before re entry.
Saw it as we stepped higher and added. Spiking above range now and MAs is turning point now. Should see pop, if not warning signs. Tape is great.
Got to just under hod. And back to breakeven. Held a flash and back up again. Will be stop. And did it and out. Looking to get back in if here.
-----------------------------------------------------------------------------------------------------------
Back to new lod, no flush, no selling, small buying bringing us back up.
WW
At huge breakdown spot. Cant lose it yet, big bids keep refreshing lower but also getting taen out. Back up to vwap and TL, waiting to see pop if short is here.
Coiling tight for long time under vwap, never saw pop, never saw drop. Did take out huge bid and holding under. Want to see it fial above vwap still.
Long time building under vwap. Could even be decent long pop here given the bids ive seen. Still think short has best potential so I want to wait to see it fail on pop above vwap still.
TTWO
Strong name, failed lower, back above prev hod and vwap with MAs. Waiting.
Tough to get fill but need to see the right things. Dont need to chase.
Missed with no fill on order. Sacrificed a point of profit for 6 cents. Didnt hit ask. Came down to level again anyways with better support so getting a 2nd chance.
Has what I want, cannot get the fill. RR gone. Have to wait again.
Down to bottom TL and level and vwap again. SPY weak dropping hard lower. TWLO not seeing it yet but is looking weak still. MAs tight curling lower from above. Tape needs to be here.
Back above with good action. And in. Added as bids came in and stepped up. Back to v tight Mas and prev TL bottom. Has to reclaim, SPY not dropping but seems like a failed break lower.
Turned fast lower on me and out. Bad loss.
---------------------------------------------------------------------------------------------------
Guess im the asshole. Back up and above right away.
Slow retrace back to mini pivot low we just made. If tape is here the long is still ok. Is not. Will have to reset later.
VXX
SPY strong but recently failed to make new HOD. Internals also seeing some weakness come in and SPY under most MAs. Getting tight. VXX clear level to work with + vwap + TL. Looking to long here. Expecting flush in the market.
Well were getting to where I want to buy, but market now strong. Internals HOD. Can still fail though, action on SPY is key here.
PENN
ATH break, high and tight around it, just broke higher from TL and retreating back to test level with another TL as S. We are well above vwap but weve been holding here for some time. Probably still some left in the tank.
Got under, ripped back up and im in.
Couldnt do it all out.
------------------------------------------------------------------------
Later in day got even tighter with new triangle. Waiting for retest of level for in. Made the break with good tape but coming back already to retest.
Goit in and looked great as we got back above 58, right away turned on me back to stop and stalled. Everything is super tight here. Still like the upside.
And we ripped higher and I added. And again stuffed lower again. Gotta deal.
Couldnt do it and all out again. Re entry may be here.
------------------------------------------------------------------------------------------
And right away reclaimed and failed a TL breakdown.
Back to HTF, and market getting strong. And im back in as we got above 58 again.
NVDA
Another not on watchlist, making giant bullflag, super tight, just failed a breakdown and coming back up to breaking point. Looking to scalp momentum.
Thought I saw it, quickly turned to failure and sold off.
Got it again though, this time with SPY help as it ripped up.
Solid move to start, waiting to take half on 1min lows. Looks like we can keep ripping here, great structure.
Unbelievable move to new HOD. Took all off at 1st signs of real R. Ridiculous. Tried to add to the trade but was maxed out on entry.
Was a momentum scalp, once the momo stopped, my idea is done. Still ripping higher.
Need to be done for the day. Getting pissed. Did not trade well. Missed 3 big wins at the open. PENN fucking me. Took 7 losses today more than -1R, already a quarter of what I did the entire last month. Need to walk away. Grateful to be green. Dont need to ruin it.
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