FB Swing

 


FANG names perking up, market still wedged near ATH. FB super tight with strong prev day candle headed into TL to get above all MAs. V nice volume shelf. A+ grade, I want to get big. 


Strong pop at open to get above zone, Market then turned higher and FB popped from drop, added. 

Market pulled in, FB coiled just under zone, tight range. Looking to add with good pop higher and reclaim of zone and vwap. And got the add. Other fang names doing the same. 

Pulled into vwap and HTF zone, good vol increase, turned higher with other FANG, added again. I want to be big on this one. 

Market broke down hard, we saw sell, but bid up and didnt dump with SPY or QQQ. Might be bale to add again if we see strength come back quickly. If not better cut to prevent bigger loss. 

Had to bail, market sell just getting worse. Will look for re entry. 

-----------------------------------------------------------------------------------------------------------------------------

And back in sooner than I though, Dipped under vwap, bid up a couple minutes later, back above zone and MAs. Market turned lower again though for 2nd flush down. FB still strong. Not full size again yet. 

Added on new range break, definitely relative strength here. Market is dumb weak right now though, not going to be easy. 

We are really trying to be strong here. Market cant give us a break. Tore lower to vwap prev hi test and bounced right back up. Still holding still wanting to add. 

made nice tight mini range above with tap retest of level. Looking to add on break high. Market also turning up with internals help. 

And got the add, will add more if we roll higher, and we did, back to same size. Should be turning point here as enough time has passed, market tested prev ath, we have bounce signs, FB is free to go. 

To new HOD. Now holding. 280.40 for bo which can really send us off. 

Market improving, split but edge to bulls for moment. FB making range above prev hod getting tight. FANG strong, will add more with momo.

Big vol increase still super tight, SPY at v important spot here with prev ath, if we want to drop lower here im going ot have to bail again as it looks like more downside is possible. 

Market did turn lower for a flash, not following up on it though, FB dip buy op into range lo + 279, might still be able to hold. 

And did turn up with good tape, added more stop is still tight. Market very delicate at the moment have to be cautious.

Market now did turn higher, were moving towards HOD, still a decent ways away from vwap, but broke added one more. We should be gone.

I bailed all again, just looks like big failure + market selling off again. Cannot find a position here I am happy with. 

-------------------------------------------------------------------------------------------------

All day market weak, FB was too, but if held above zone whole time market was selling off, maybe re entry again. 

Market seemed to have found a bottom and ripped higher. FB never lost prev hi zone, turned up with market and im back in. Risk is low. 

Added as we broke TLs into vwap and out of zone. Market still pulling up with help from internals. Nice range to trade off of right where I originally wanted. Size back up to max. 


After above vwap, blew up with good vol. 

Collapsed into close, closed under prev hi/ zone. I cut 4 of 5 again, leaving one on. D candle is not a pretty one. 

all in all, 3 breakeven trades. And I sized up big on all of them. Cant complain about it, good management. Potential for huge wins on all, just not the time for it. Will be out tomorrow if low broken.

3rd

weak at open, lost its low, retested, held under, new lo, all out. 

Comments

Post a Comment

Popular posts from this blog

Trading Plan

Image
Time is a thief for the impatient. And a gift for the patient.  Do I need to think about selling options?  It makes sense to sell puts, internals clearly strong, but the market is not in clear position to make that a good trade yet. Wait until its clean and clear. I would rather not sweat, than risk more money in uncertainty.  BEFORE THE BELL -Premarket Checklist. -Is the market Trending, Chop, or turning? -Is Sentiment making any significant trend breaks? -What are best/worst performing sectors?     -Are any breaking out or down? -Do I need to make adjustments to my investments? -Does yesterdays action look likely to continue today? -Have we gone in a straight line to S or R?      -Do I need to be cautious of an overextended market and look for reversal instead of continuation? WATCHLIST PREP -SPY/QQQ FANGMANT+ always in play.  -Monthly/Weekly watch always in play for VA breaks.  -Proper boxes and Anch vwap charted.  -Scan through ...
Read more

MTX

Image
 MINERALS TECHNOLOGIES INC. Minerals Technologies, Inc. is a resource and technology-based company. It develops, produces, and markets a range of mineral, mineral-based, and synthetic mineral products. It operates through the Consumer and Specialties and Engineered Solutions segments. The Consumer and Specialties segment serves consumer end markets directly and provides mineral-based solutions and technologies that are essential to customers' products. The Engineered Solutions segment combines all engineered systems, mineral blends, and technologies that are designed to aid in customer processes and projects. The company was founded on February 19, 1968 and is headquartered in New York, NY. Strong name, another specialty chemicals industry trade along the lines of LYB HWKN KWR. Strong tight setup, HTF charts love it with curl up MAs and taps. Obviously not as tight as I would like on W or M, but trying something with this one. Trend momentum continuation.  Clearly in a signifi...
Read more

11/30 DRC

 Last day of the month. Not much trading exactly to talk about. Big issue last week was speed. I was slow in almost all cases. Trying not to look too much into it. Took a few weeks off, its expected to take a bit to get back into the swing of things. Risk was main focus as a goal going forward. Correct size, consistent risk throughout every trade and setup for consistent results. That I did good with. Main things to focus on 1. Following entry criteria, making sure I trade what I am supposed to 2. Using correct size to reflect risk already determined by setup 3. Must be faster with ^^^ 4. Cut losses fast on adds. In and out, dont wait. 5. Follow management rules, up 1R/2R etc. 6. Take profits in 3rds.  7. Enter trade with small size if it is leaving without me. Big adds come in only if core is at price and action I want to see.  Market looks hot. Nothing but breakouts around. Gapping down a little, recovering already though into the open. SPY at and holding above prev lo,...
Read more