9/8 DRC
Shaping up for a pretty interesting day. Had huge recovery to end the week, now opening lower losing all of it and then some. I had a lot of reversals planned, doesnt look like thats going to be happening. Pretty much gapping lower to previous lods.
Other names including beatdowns still holding up and looking ready for more upside. Hoping today opens with little weakness, only to get bought up and we can start recovering again, if not, I have a couple of shorts to watch for, but really not many. Would make it a slow day for me, looking for intraday reversals if we start selling off hard again.
Been trading well, biggest problems were not taking trades so if I see what I need to see, thats my reason to be in. Not sizing up on a favorite + 10star trade is a non compliance tag im going to start adding. Must be getting comfortable with being big in a trade. Re entering as well when necessary
1. Size up on best trades
2. Re enter max of 3 times on any given trade
3. Dont miss something you should be in. Take the small size.
DDOG BA GRPN IQ WKHS ALXN LYB Air/Criuse/Beatdown
PLAY
weak open, beatdowns strong. PLAY got back above prev hod and had good tape, couldnt hold it though and lose it more.
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Broke hard lower but quickly recovered back to level, waiting for some good tape here maybe re entry.
Very slow low vol climb above it, waiting on retest.
SPY ripping higher with internals following. Market getting stronger.
Cant get low enough for vwap/htf test. Top TL in play with low vol here, I wont take breakout either because of low vol. We have problems. Not popping while whole market ripping higher. Need the test.
Dipped lower, i see no good tape signs here, got back above, volume is increasing but we really struggled. Will wait on retest again from higher up.
Huge vol spike, bids are here but oto low. Offers are there and too high. Have to wait with this.
Getting back above again, broke big offer into top TL again. Still want to retest lower to hold and then take off.
And we got it, market taking off higher and PLAY was there after solid retest. Added as we ticked higher into TL breakout. Added again as we came back a bit and spiked higher breaking pivot.
Weak, breakout was weak and warning signs were there. Sized up, took big hit, is fine.
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Right away it reset and im back in market still great and structure super nice here. Needs to go now. Other beatdowns not helping.
Added as we broke higher again, same size has to go now. All signs point higher. Very tight, buying has been here, clear levels to break out from, SPY helping volume here.
SPY new HOD, turned lower right away, PLAY at breaking point, with low vol, needs to find it on way up.
Broke 1st big pivot level with good bids, vol is not here yet but candle is nice looking. Into big offers, but big bids following. Looking for HOD here all signs say we should.
Hit .50 maybe hidden sell, was big offer, took him, but didnt break, well see again. And he was there again and hidden. Not taking chances down as much as I am on the name. Will be back in above or on retest.
Market rolling over lower, PLAY followed so was good call. Sucks. Clear re entry spot though.
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Down to bottom TL and just above vwap and htf level. Beatdowns have turned higher. PLAY low vol pb into it, keeps bouncing but not significant enough for me to want back in yet.
And as soon as I typed that huge 10k order ripped us up 10 cents.
Up to .50 again, not making it easy for me. We broke above him and I am back in smaller size on break.
Made new HOD, no breakout, tapped it and came off a bit. Trend continues I suppose. Looking for this to top out near 20 as would fil 1atr and be close to D R level and breakout.
Made a ways higher, coming back down with rest of market as we take a breath. My entry will be good add spot as TL has caught up with 20ma.
Market has sold off pretty good, air/cruise went parabolic higher. PLAY continues on higher. Still looking to add on deeper pb.
PLAY srtating to get a little vertical, into parallel TL. 20 is just above the TL so gonna look at it as over extension if it happens now.
Market and internals getting weak and downtrending now. PLAY following it. I have TL I will use as stop if we close and hold under it.
Quickly revered and up to 20. Following new PT rules. Take 1/3 on new 1min lo after break. 20.12 for breakout and getting over extended now.
With over ext and market weakness shown, perhaps would be best to be all out after dbo which looks like well get it. And we do. Will be majority out instead as market seems to like para moves today. And majority out. Leaving 1/3 left to ride on 9ma.
Broke, stalled,lost it,a ll out as it goes back into other TLs lower. Done with it.
SPY clearly directionless, names that have made moves, giving it back, market seems ready for a big pause at the moment. Im nervous about taking some shorts here, everything has been ripping, not sure if I like the idea of trading thinking there will be weakness.
SPAQ
Strong day, held above prev hod for a time, broke under held under it and vwap, now reclaiming and getting tight with triangle and MAs.
Made tight range above 14, tested lower, spiked up with big vol spike, looking to get in with momentum, SPY also breaking TL up. with internals getting v strong.
And got it and started in into TL. Pivot break at .04 then .15 then HOD at .22 ultimate PT.
Broke it added more. Great tape and vol here. Added more max BP.
Solid start, big bids following price, SPY failed its breakout and headed lower again with internal weakness so cross off trend up from here atm. Spread getting wide and bids seem to drop out. Must remain in trade, up 1R so stop near breakeven.
Must remember, is late in day, neutral day, fails everywhere, BUT also beatdown names have been ripping so the possibility is still here for a nice move higher. Especially given tape. So I must wait but dont need to lose full amount on this.
Up to .15 where we have a decent sized offer, shouldnt be too hard to get past.
Bids are gone, just a big vacuum under the 1 decent bid at .12, next down at .04 under breakeven. Well see. At breaking point with good tape and vol, SPY turning back up, lets do it.
Broke him and bids here and following price up. Been given stop at .07 so just barely profitable.
And collapsed on me. Out for loss. Wow.
PLAY was tough all morning, lucky to end it green. Too bad not with size I wanted but never gave me exactly what I wanted.
SPAQ almost same thing. Great start to trade, lost it on some bs pullback that erased whole win and then some, only to reclaim and give breakout setup for re entry, but never took. Probably worst miss of career. No way I wouldve been able to get back to max size on it, but wouldve at least had something. Instead I take a $10 win on what couldve been a $1000 trade.
Not an easy day overall, SPY did not make it clear with direction whole day, but things were moving regardless. Lots of strong recovering in beatdowns and small names. FANG as well too but for whatever reason SPY did not have that same strength. Try again tomorrow.
Other names including beatdowns still holding up and looking ready for more upside. Hoping today opens with little weakness, only to get bought up and we can start recovering again, if not, I have a couple of shorts to watch for, but really not many. Would make it a slow day for me, looking for intraday reversals if we start selling off hard again.
Been trading well, biggest problems were not taking trades so if I see what I need to see, thats my reason to be in. Not sizing up on a favorite + 10star trade is a non compliance tag im going to start adding. Must be getting comfortable with being big in a trade. Re entering as well when necessary
1. Size up on best trades
2. Re enter max of 3 times on any given trade
3. Dont miss something you should be in. Take the small size.
DDOG BA GRPN IQ WKHS ALXN LYB Air/Criuse/Beatdown
PLAY
weak open, beatdowns strong. PLAY got back above prev hod and had good tape, couldnt hold it though and lose it more.
--------------------------------------------------------------------
Broke hard lower but quickly recovered back to level, waiting for some good tape here maybe re entry.
Very slow low vol climb above it, waiting on retest.
SPY ripping higher with internals following. Market getting stronger.
Cant get low enough for vwap/htf test. Top TL in play with low vol here, I wont take breakout either because of low vol. We have problems. Not popping while whole market ripping higher. Need the test.
Dipped lower, i see no good tape signs here, got back above, volume is increasing but we really struggled. Will wait on retest again from higher up.
Huge vol spike, bids are here but oto low. Offers are there and too high. Have to wait with this.
Getting back above again, broke big offer into top TL again. Still want to retest lower to hold and then take off.
And we got it, market taking off higher and PLAY was there after solid retest. Added as we ticked higher into TL breakout. Added again as we came back a bit and spiked higher breaking pivot.
Weak, breakout was weak and warning signs were there. Sized up, took big hit, is fine.
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Right away it reset and im back in market still great and structure super nice here. Needs to go now. Other beatdowns not helping.
Added as we broke higher again, same size has to go now. All signs point higher. Very tight, buying has been here, clear levels to break out from, SPY helping volume here.
SPY new HOD, turned lower right away, PLAY at breaking point, with low vol, needs to find it on way up.
Broke 1st big pivot level with good bids, vol is not here yet but candle is nice looking. Into big offers, but big bids following. Looking for HOD here all signs say we should.
Hit .50 maybe hidden sell, was big offer, took him, but didnt break, well see again. And he was there again and hidden. Not taking chances down as much as I am on the name. Will be back in above or on retest.
Market rolling over lower, PLAY followed so was good call. Sucks. Clear re entry spot though.
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Down to bottom TL and just above vwap and htf level. Beatdowns have turned higher. PLAY low vol pb into it, keeps bouncing but not significant enough for me to want back in yet.
And as soon as I typed that huge 10k order ripped us up 10 cents.
Up to .50 again, not making it easy for me. We broke above him and I am back in smaller size on break.
Made new HOD, no breakout, tapped it and came off a bit. Trend continues I suppose. Looking for this to top out near 20 as would fil 1atr and be close to D R level and breakout.
Made a ways higher, coming back down with rest of market as we take a breath. My entry will be good add spot as TL has caught up with 20ma.
Market has sold off pretty good, air/cruise went parabolic higher. PLAY continues on higher. Still looking to add on deeper pb.
PLAY srtating to get a little vertical, into parallel TL. 20 is just above the TL so gonna look at it as over extension if it happens now.
Market and internals getting weak and downtrending now. PLAY following it. I have TL I will use as stop if we close and hold under it.
Quickly revered and up to 20. Following new PT rules. Take 1/3 on new 1min lo after break. 20.12 for breakout and getting over extended now.
With over ext and market weakness shown, perhaps would be best to be all out after dbo which looks like well get it. And we do. Will be majority out instead as market seems to like para moves today. And majority out. Leaving 1/3 left to ride on 9ma.
Broke, stalled,lost it,a ll out as it goes back into other TLs lower. Done with it.
SPY clearly directionless, names that have made moves, giving it back, market seems ready for a big pause at the moment. Im nervous about taking some shorts here, everything has been ripping, not sure if I like the idea of trading thinking there will be weakness.
SPAQ
Strong day, held above prev hod for a time, broke under held under it and vwap, now reclaiming and getting tight with triangle and MAs.
Made tight range above 14, tested lower, spiked up with big vol spike, looking to get in with momentum, SPY also breaking TL up. with internals getting v strong.
And got it and started in into TL. Pivot break at .04 then .15 then HOD at .22 ultimate PT.
Broke it added more. Great tape and vol here. Added more max BP.
Solid start, big bids following price, SPY failed its breakout and headed lower again with internal weakness so cross off trend up from here atm. Spread getting wide and bids seem to drop out. Must remain in trade, up 1R so stop near breakeven.
Must remember, is late in day, neutral day, fails everywhere, BUT also beatdown names have been ripping so the possibility is still here for a nice move higher. Especially given tape. So I must wait but dont need to lose full amount on this.
Up to .15 where we have a decent sized offer, shouldnt be too hard to get past.
Bids are gone, just a big vacuum under the 1 decent bid at .12, next down at .04 under breakeven. Well see. At breaking point with good tape and vol, SPY turning back up, lets do it.
Broke him and bids here and following price up. Been given stop at .07 so just barely profitable.
And collapsed on me. Out for loss. Wow.
PLAY was tough all morning, lucky to end it green. Too bad not with size I wanted but never gave me exactly what I wanted.
SPAQ almost same thing. Great start to trade, lost it on some bs pullback that erased whole win and then some, only to reclaim and give breakout setup for re entry, but never took. Probably worst miss of career. No way I wouldve been able to get back to max size on it, but wouldve at least had something. Instead I take a $10 win on what couldve been a $1000 trade.
Not an easy day overall, SPY did not make it clear with direction whole day, but things were moving regardless. Lots of strong recovering in beatdowns and small names. FANG as well too but for whatever reason SPY did not have that same strength. Try again tomorrow.
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