August Last Week Review

 Monday

    -Starting with a decent amount on watch, market looking super bullish, ready for longs.

TSM 1st trade, building well under d and bo level, seeing some odd sell here, maybe refresh but we keep breaking and pushing into bo level. In and added, waiting to add again.

Might be problem to start this day, lots of weakness, failed moves, straight sell from bell. 

TSM definitely a battle, there is buying under vwap with big bids, offers will not budge either though. 

I have a clear out under 118.80 with huge bid there, there will be a lot of trapped longs in this

Clear rel strength against everything, industry, market, other bo, China names. If FXI KWEB can bottom and turn up with others, this may rip very well. RVOL is 1.3 20mion in, Option rvol is above avg. 

Broke lower and snapped, out asap.

I noticed on 30min that the 50ma is in play and held well, also we broke LOD into it and held well again on big vol, now reclaimed vwap and held a dip, bought back up and im back in a bit early. Small size, need to see it play out more. Still under D trigger but conditions are still good here. 

Had nice pop to near HOD< reverted to vwap and under on low vol, saw clear buying added with pop up. 

Dipped a little under again, but again bought up added again, now with stop super tight under vwap, looking at stopping out as same breakdown as last time. 

CHINA etfs are also reversing breaking higher. 

And right then and there we spiked up to HOD with growing vol.

STILL only done 27% of ATR and were almost an hour into the day. Lots of potential build up.

Broke HOD. And held, would like to add still, not at PT bo yet. 

Clear TL + prev intraday R zone, great spot for add. No MA support here. 

Got a bit under but recovered, bounced and added. China etfs really strong atm. 

Then promptly turned lower and lost it and 5min 9ma. Breakeven for moment. Have to deal. 

Then back up again, this move lower into D and Bo level super low vol, mkt still strong gotta be ok with it. Do not need to lose money on this trade, if falls negative im out. Added again on turn higher. 

50 caught up on 1, started holding above again, added on turn up, still great tape and vol cues, market borderline para. Still super tight stop.

NXST also filled me on pb, nice semi setup.

TSM made new HOD into 119.50 just below BO level where we got a huge offer. Shouldnt be an issue, growing vol looks great for the move. 

Option flow coming in, it turned on me though, losing it now back into MA coil. Still think I need to be protective here, this should be gone. Is also an hour and a half into the day so must expect it to be a bit slower, lower rvol at 1 now making it more sensitive to market. ETFs did pulldown. 

Took off majority as it just kept getting weaker and under MAs, then, of course, absolutely ripped higher reclaiming all of them within seconds. Have 2 of ten on. 

Did return and break lower, market now clearly pulling in. ETF breakdown, internals flush. Will leave 2 on to follow vwap, maybe back in again. 

PD having a strong day, pulled into D level I hopped in as it turned with good buy vol. Swing only trade. 

TSM a nice long coil above vwap, still under levels. Looking like it might be a reset for run up again. ETFs are strong still. 

And got back in again on TSM, or considering this a new trade. Dipped under vwap, broke range lo, bought up, reclaimed and saw good turn higher in and added. China tech ETFs have not stopped ripping all day. Were reclaiming all MAs on all timeframes again on TSM. Clear tight range to work with and refresh buy still here. Stop for whole position now close under vwap. 

Had a nice move higher into D level, seeing some pull in.

Left to workout, added NXST as it held level and vwap. TSM cut in half again, Leaky move higher, dipped but bought quick, then failed and.broke hard. 

1Hr to close, TSM riding clearly 9/20/50 on 1min and 9/20  on 5 min, 9 on 15, Making big rising wedge, it just cannot seem to get through sell here, just leaking up. Need to cut in half again if we get breakdown, again lots of trapped longs. China ETFs absolutely ripping today. 

And did breakdown after it lost it, Cut more, letting 3 ride. Ive seen plenty I like to hold this overnight if for the last hour can keep grinding up, mnaybe pick up into close. If not will cut the rest off for near breakeven. Small gains on this all day just chipping back the loss from earlier. 

And into bell completely collapsed. Out all TSM and NXST. PD held well.

Tuesday

Things looking strong still, Plenty on the watch list.

FLWS in at open on good D break.

COIN a bit early but had momo going into d level I got in small.

COIN sol doff right away, I did not anticipate correct risk, even with 1 on im too big to start, wide spread, thing moves points in a minute. Came into vwap, will add if can pop. 

And exactly that happened in and added, looking for D breakout into more BO levels. BO names are strong today, but market is not

Made HOD on low vol and got stuffed. 

Into vwap again low vol, turned up very nice coil and added again. Gotta go here or problems. 

RVOL ar .7 so clearly not a high vol in play name so far. Pattern and action is super clean and nice though. 

FLWS failed lost LOD, very low vol have to wait. Cut for loss, 

COIN made range break higher with vol and momo, must run to HOD and rip here or need to cut size, risk is big right now. 

COIN flushed lower, all out. 

ETFs Internals, SPY and Q super weak today to start the morning. Not what you wanna see to go long, yet some names still performing well. Whats the key? RVOL.

COIN is not trading above its prev D hi. My entry was not at it, my adds were not at it. It may be good looking, its not my edge. Its not trading above nor holding above the level that I know I have edge in. Why be that big. Why be in the trade at all. Its not my setup until it does. 

I think its ok to get in ahead going into it if certain conditions are met. We had 0 of them. Strong market, High RVOL, strong ETFs

The names that did make good moves higher, just didnt quite setup the way I want to see. They had prev d hi too far out, old bo levels around the open price. ORB breaks that failed. Nothing super clean but they went anyways. Im trying to run through ways in my head as to how I couldve gottten them and followed rules but I dont think there is other than to chase it with smaller size and wait on PB. 

COIN strongly engulfed higher back above vwap. Maybe reset trade if conditions look better. Still under D.

Things starting to get super choppy out here. Lots of give back again. 

NVAX had a great setup late in day. Took it as it failed breakdown reclaimed D level after tap and vwap, broke higher. 

Had a great move higher engulfing with volume. Then just completely collapsed. Straight past vwap, had to wait for some kind of pb, found S at prev d hi, bailed on move lower again. Garbage.  

Wednesday

New month. Market still looking fine, probably more ready for a pullback than continuation at this point but still have plenty of good looking longs

LI starting the day to piss me off, broke d and bo level right away, tried to get in tradestation froze and none of my orders went through, even markets. Had to cancel all and try again. Did get the fill and the add then collapsed on me. Stuffed half a point lower, got lucky with pb fill for exit small loss. 

Slowly build under vwpa and got above, looks like it wants to hold with good bids on tape, re entry is here if break above again. 

Very good battle here, should be real nice pop if we get above 

Failed but reclaimed, dipped under still big refresh buy in and added into new HOD where we broke huge offer. Looks great to run finally. 

Stalling just short of Dbo level and pmkt R level, gotta hold tape still great, market did turn lower. RVOL here is sustaining higher at 1.8 so we should be good for more. 

Cutting right through all, offers big on every 5 cent increment, will take p. 

COIN finally made its stupid move. No way to get in without chasing and not gonna do that. Got my pullback though and in on bounce small to start. Looking to build it of course, things a little ugly with MAs for moment. 

SI a finance name also acting well and moving up into d level. 

LI and here we are again a nice bearish engulfing 5 min lower candle. Well see, have to hold this. Every dip is chance for shorts to get out breakeven and new longs to buy the dip. HTF bulls clearly have edge 

Didnt hold a damn thing. Cut majority on 1min breakdown after couldnt reclaim 9. Letting 1 ride to build in again if reset better.

COIN ran right to new HOD took it off. Hit BO level and new HOD and 1ATR move, Will build again if resets.

SI new HOD added

LI building above vwap, good buying here again and huge bids. Waiting for more to get in again. Running out of BP.

SI not seeing anything special after that break, labeled variables and is well below and average setup. ETFs and other finance names not doing great either. Might be a bail. 

LI looking at other EV names, clear strength, but starting to fail and lose vwap on some big names. In good spot for add soon, but still needs more time and better look. 

LI getting super tight in 15cent range, 1min MAs now under, might be time. It still has not gotten to vwap yet and thats usually my main key. But since it hasnt, I think that also speaks to bullishness. 

And it did, and still saw huge bids, and ripped back up to range hi break. Waiting to see it still.

And see it, coiling nice in middle of range, super tight, super low vol, clear mini TL and MA coil, will take on momo higher. 

Got the pop but no follow up, still super tight, will add more. 

SI pulled into vwap and prev d hi, holding ok

LI spike up again off of MAs and middle range, going into top range and VA high. If can get above looks fantastic for more. Added. 

Couldnt get through, other EV names h ad nice strong moves today, starting to see pull in, internals still trending higher, markets doing ok, edge to bulls. 

Couldnt move, broke down hard, cut majority size, letting rest run for vwap swing rules. 

Flushed under vwap all out

Cut SI on deeper pull in. I saw it wasnt that great, gave me a gift, take it and run no need to be greedy on lesser setup. 

And was good call as it just dumped more. As did COIN and LI. 

Thursday

Market seems more and more likely and due for a pb, have setups on both sides, will play both sides. 

SHOP starting my day great, monster move, in 1st candle of day, got real tight and ripped 40pts in a couple mins. Was decently big too took half on 1st 1min lo 2 left to ride for bigger bo.

MSTR and SUMO triggering same time,

MSTR gapping up, buildt above for long time, hit D 3 times and bounced in on 3rd, added on vwap reclaim and run, a bit big but ive got SHOP profits to work off of.

SUMO nice pop and curl with BO into D bo level. Much slower name swing only.

MSTR expecting a solid move today.

SPY para to start the day

MSTR getting above vwap range high, should be go point to new HOD then D bo for partial take.

EDIT also bought dip into vwap / d bo / d high. IBB and NVAX strong todayh also on watch

MSTR did break, im spreading myself kinda thin here need to stay focused and take off when i need to. In 4 names now

MSTR excellent break with vol, but turning back on me, its a slow wide spread name gotta give it the space

MSTR EDIT losing vwap, problems 

EDIT bailed all on vwap loss, market pulled in, didnt even wait for fakeout.

SUMOP held vwap real nice, made good triangle and broke higher, added to swing.

SHOP slow low vol move into vwap and bottom range, reasons to hold are here but also might be cut point. 

EDIT did not lose it quite yet, but also hasnt reclaimed as fast as id like to see, might be a good exit still

MSTR cant quite reclaim yet either, slow low vol moves under vwap too. 

EDIT did reclaimed and rip, I got in, and then immediately stuffed me back under vwap, thing is being dumb but i have clear stop. 

I am almost out of BP already. I need to look for deeper longer pull ins with time and consolidation if i am to do any other entries or adds today

Market and internals slowly getting weaker. Mightve been a huge headfake pop at open to lose it all now.

And just as i say that everything rips higher all at once. 

MSTR ripped above vwap, got stuffed, SUMO cant stick a hod break and trend

SHOP did pull up nice, making good range above vwap

EDIT still chopping around/above vwap

MSTR broke lower bailed early as market again stuffed lower, im now a trapped long.

EDIT same thing but hasnt lost it quite yet. Keeps seeing big buy spikes, NVAX also ripped higher reclaiming vwap. IBB about to breakdown

EDIT saw big rip candle again with good vol, added on it. Theme in biotech atm

    -EDIT also has sustained hi rvol, option rvol and industry theme, should be good focus for adds. 

IBB breakdown, NVAX losing it, market ok, EDIT now rel strength holding higher. Broke range high above vwap, waiting for more info for more adds. Low vol move higher so far not thrilled but is holding up.

EDIT had nice TL + dbo + vwap + MA suppport all at vwap, breaking down from it now, gotta wait it out.

SUMO lose vwap and D high on breakdown, swing trade so have to wait for pullback

SHOP also breakdown from vwap range into BO level.

EDIT lost it, bailed again

SHOP seems like it wants to recover, Internals getting very tight, feels like market is waiting to buy dip

Unless recovery on SHOP is clearly bullish, i may bail all on vwap fail reclaim. 

SHOP and market did decent job on pullup, but just couldnt do it, rotated lower, SHOP followed all out

SUMO still doing well though, showing rel strength

SUMO held at close, came to LOD bounced as did market.

Friday

NFP came out, market does not like it, pretty significant sell so far. Have majority longs will have to see what happens at open not get too rushed. 

GE best setup, got in on break, and added on clear pullin. PT hit and pullback crushed me left me so fast was way to slow to exit partial. Pissed.

Pulled back to breakeven bailed the rest for small win.

Really mad about that one. Im trading the options exp today so I need to be on top of that better. 

ATVI my one short planned for today, made lod came up to HOD where og level to short is, waiting for HOD fail to get in.

KNBE swing and GFL swing in. Both acting great. New plan is to get only 1 lot on and decide near EOD if worth adding or long consolidation break out. Stop for both is prev day low/prev day range lo

GE reclaimed vwap on low vol, market not strong. Need to wait for much clearer setup.

ATVI eventually reclaimed lower but now wedged between levels and vwap, will have to wait for bettter setup. 

NTLA v close to breaking HOD and huge bo level. Swing trade so not looking to daytrade it. 

TGH also swing only trade now in

SUMO with big BO from yest swing

Swings are doing well today, other higher vol names are a chopfest. 

NTLA broke and ran, had to chase quite a bit. Swing only. 1 lot. Has potential for big win. 

NTLA kind of a problem. Made nice breaks with clear strength, high rvol good options, but its made an ATR move. I think i still need to hold through this as its a swing trade but its tough to sit here expecting more out of it today alone, even though ive only been in the trade 10 minutes. .

NTLA did breakdown, lose vwap and lost range low, looks like failure and wants even lower, market is ok. 

    -I think with the biggervol, wider spread names, maybe I need to adjust he idea to let it run. Prev day low is 20points out, Am I really going to sit here and hold clear failure like that for the off chance it does come back? after it hit all that clear R and acted like it was R. 

SUMO lost it, got greedy and paid for the loss. Wanted that 22 break and refused to sell any until it did. Lost LOD bailed all.

NTLA beautiful setup later in day. Super nice curl under vwap and d level. Entered on break higher, held higher, added on new break. Great start to trade. 30min left

    -Other IBB names also ripping 

KNBE came under vwpa, had great run up back to hod, waited on any pb and got a decent one and added as it ran up into close

NTLA and KNBE big rips into the close, taking risk off of NTLA as I am pretty big and need to protect downside gap, other vax names so strong. MRNA def leading this

NTLA got to 178 PT so on pb thats where taken

And that ends the week / Month.

Good stuff this week. Having a very good start to September. Already did monthly review look at it if you havent. 

Good trades good management, not settling for less.

Taking 1 lot on swings today felt really good. No stress whatsoever, no mental capital take up, just letting it be, waiting for hours to near EOD or waiting for major consolidation to add. This way I will keep my losers way smaller, and only add risk to ones that earn it.