XPEV Swing

 



Another big run up pullback china name looking ready for another move higher after its 1st main pb. 


And more call buys. 

Entered this trade at first near the open as it made big triangle around old bo level. Failed and I exit for decent loss

Later on retested prev hi and saw good action, got back in close OTM call, more expensive but good action here and better vol on it. In as it reclaimed prev hi on bo, after failing a few times lower. 

Cant quite get out of this range and back above vwap, may cut in half if weak towards close. 

We have out big TL break, no big pop, held sideways. Will be out under 41.60 needs to find some momentum higher quick. 

2nd day

Along with other china auto names, huge run up, lost it all and cant find a bottom into dead hours. Making huge 3 hour long falling wedge. Still respecting levels, options still up, but getting impatient. If cant get out if this I want to reduce size and lock in some wins. 

Industry may have found a bottom, seeing vol come in as we break higher, added one. Is also at good bounce location. 

No pop at all. Rolled back over lower, will have to give moment to hold or will cut majority off. Not holding above prev hi or seeing strength obv a problem. 

Big bids, hidden refresh sells still. Retesting TL with vol and seeing a lot of buying, china etfs pulling up hard, we should see it, but again, this massive hidden china sell force is all over these names today. 

ETFs para into vwap, the names im in? Selling off. The fuck.

Everything is strong right now. SPY China, still not these auto names. This pop gotta come soon. Getting super tight, weak pull down again, just waiting for it. 

Market is getting really strong, still coiling, will be out on new picot low here though. Cant fight this forever. 

LI NIO crashed lower, we followed, majority out. Holding 1. 


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