SOLO Swing

 




Watching closely a couple days. Got our trigger today with break above 7. Not A+ trade but A grade. 


Watching a couple days, coiled real nice above prev hi around 7, broke higher into mini range high, and added more. 

Did bust, came back to retest. 

And exploded higher, didnt get another add on

Made flag above prev hod, but dropped back to vwap and 7.

And losing even more now. Have to wait.

And an add spot we have come to. Getting super tight around vwap 7 again. Above prev hi. Big vol increase. Had a triangle break higher with good action, coming back to retest and failed a bo lower. Now back up again with good vol cues once more. Adding with momentum higher. 

Wasnt intending on getting this big, but it is acting right and giving me chances, I may as well take them. 

new triangle break higher on a lot of buying and broke recent pivot, should be blast off point. Really nice MA coil with tight action and vol cues. 

No blast off, but coiling again above recent range high. TLS catching up now. 

Couldnt go, testing under TLs now into vwap. Will give chance for failure, and lord have mercy, another chance to add. 

Market finallly pulled back, we kept losing it, lost 7 all out. Took full -1R loss. Is fine. 

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