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Showing content with the highest reputation on 07/17/2018 in Posts

  1. 2 points
    $ARNC 30-minute Opening Range Breakdown Untitled Project20dfd71.autosave.mp4 Took 1/3 off at first target and rest at break-even. Thought it would crack 18.93 and head to levels down below toward PCL. Stock ended up reversing to VWAP and above at 19.33.
  2. 2 points
    $TRCO Reverse ABCD Project20dfd71.autosave.mp4 Couldn't crack below 32.50 and stopped out on a new 5-minute high for a 0.25/share loss. Stock ended up punching through VWAP to $34.25.
  3. 1 point
    This is my 4 day recap on the simulator: -217. Red is learning New balance on the Simulator: +$194 Conclusions: Today I was not ready mentally to trade. I have some appointments early in the morning so my head was not thinking and focusing on my trades When I see strong levels of support and resistance confirmed by price action, historical levels and level 2 I should exit my trades or going the opposite direction I would like to start journaling in excel or word my trades with more details like strategy used, type of stock, number of shares, etc.. so I can learn more about my trades and what I´m better at.
  4. 1 point
    My first video recap documenting my simulator journey. https://www.youtube.com/channel/UC_0Kqyx71Eevqbpm1AnTmeQ?view_as=subscriber
  5. 1 point
    I have a friend in town this weekend, but I'm going to try and stop by! I'm new and still in sim. Would be great to meet some folks!
  6. 1 point
    The trade didn't go your way but you stayed disciplined! I'm proud of you!!!! Small loss........big wins coming near-term!!!
  7. 1 point
    Hi Abiel! Ill be there! We can set up a specific place once the date is near. Like outside the Palacio de Bellas Artes . https://goo.gl/maps/2vm3r71XbYT2 Looking forward to meeting you guys!
  8. 1 point
    Hi guys. Today I was really patient with trades, last week I found that I make, and lose, mostly lose a lot of money in the first 10 mins, especially when taking ORBs because they look like ORBs, today I promised myself not to enter anytrade I'm not sure about I traded DAL twice, first time was at 10:39, I've been practicing those entries every now and then, small moves but quiet easy and profitable, looking at DAL it was trending up for 20 minutes above the 9 ema on the 1 minute chart, what I did was to wait for a pull back, you can see 2 red candles, I could have entered on the red candle at 10:38 but I didn't, I just wanted to make sure it won't go down, when it closed above it, it was the confirmation to go long, I went long with a risk of 8 cents, my first cover was 12 cents above my entry point to make it worth it, second cover 22 cents, which made my risk to reward 2:1, I left 50 shares for 30 cents of profit but eventually I saw it dropping fast which didn't look like a pullback so I just went out My second trade on DAL was pretty similar to the first one, it was downtrending at first, on 5 min chart, then it made a doji, and finally reversed, I was waiting for it to break the VWAP and the moving average above it on 1 min chart, it did break the VWAP but then dropped below it, I put my hand away from the trigger and kept watching it, eventually it came back above the VWAP, it refused to go down, it also refused to break the moving average, I finally decided to go long since it didn't break the VWAP again, my stop loss was right below the VWAP, 8 cents risk, I was patiend with the trade, I covered first at 20 cents profit, second 30, and that was all, I saw that red candle and it scared me so I got all out, I actually wanted to get out at 50.75, but it dropped a bit and I chickened out, it did actually hit 50.77 before it eventually drop all down I also took a trade on GLMD, I practice something new with reversals and wanted to share it with you guys hopefully it can be a good discussion, if you've examples I'll be happy to watch them as well, so here GLMD was down trending for around 20 mins, I never take reversals unless the stock breaks the 20 ema on 1 min chart, and I see a some sort of confirmation, the confirmation here was that 1 min hammer candle at 9:50, I took the reversal right after the 9:54 candle closed above the 20, and covered all at VWAP, my stop loss was below the 20, maybe 10 cents of risk, reward 30 cents 3:1, I covered all at VWAP because it was a good run, good risk to reward, I didn't think of a reason to scale out, which was actually a good dicision I want to show you some of the other examples I noticed for reversals same as GLMD, I didn't take the trades because I decided to imaginary trade after exceeding my daily goal, I've been taking this kind of reversals pretty often last time) I had pretty good trades and didn't want to ruin them You can see TWTR was selling off for like 35 minutes, it was holding the 9 and 20 ema on 1 min chart, at 10:16 1 min candle closed above the 20, second candle was a good entry with a stop loss below the 20 edma and profit targets the 50 sma, vwap, and the break of it *You can see My second trade for the day as well in this chart, I took TWTR long at 9:50, yes it was selling off, but there was a reason why I took it long, at first it was making lower lows and lower highs, then 9:49 candle made higher low and higher high, 9:50 candle was struggling so much, it was going down and up, + I had a lvl which was I think 3 days ago low, I thought it might pull back before it continues to drop, so I took it long, my first target was 20 cents profit since I had no technical lvl above me but the 9 ema which was so far, then +10 cents above the 9, and the rest once it broke the again, I knew the trend didn't end especially when it didn't even touch the 20, so I got all out before the break even Here you can see the stock uptrending for like 20 minutes above the 20, then moving averages got close to each other, 10:03 candle closed between the 9 and 20 which was good enough, 10:04 candle closed below it which was a good entry to go down with profit targets VWAP and the break of it Here you can see IZEA was downtreding since 10:34, at 11:05 it broke that 20 which was a good chance to go for a reversal, with a target of 50 sma then VWAP, I don't like this kind of breaking the 20ema, because there's a resistance above it, and I'd take it only if that resistance was far enough as in1, stop loss below the 20, reward the 50 + vwap, even the run to the 50 is still good reward, second break at 11:20 was same as 11:05, risk to reward was still worth it, but the bes is the third break, once it broke the 50 it just ran to the VWAP and above it Here CNTF was also down trending, it broke the 20 at 11:32, and some might take it long here, I wouldn't though, because of the wicks at 11:33, it just could go anywhere, the best entry was at 12:06, it closed above the 9/20/50, next candle was a good entry with a stop loss below that bunch of moving averages LB here as well was down trending, you can see it finally broke the 20 at 10:07, at 10:08 I decided to take a reversal above the 20 with a stop loss below the 9, and profit target the VWAP, you can see it was slowly going down aand down, I just got out with 5 cents or 8 cents loss I don't really remember, I wanted to come back again once it breaks the 20 but I was busy in chat, you can see a good entry at 10:17, till the 50 and above it, risking 7 cents and profiting 2x) Ok let's come back to my trades NTRA made a giant move up at the open! 2 dollars up@@ it was exiting)), then it started to selling off, it broke the vwap, 9/20 ema, then I saw that 1 minute candle which closed above the VWAP, I took it long a few seconds before it's closure to make the risk small, it was 10 cents below my entry point, my first cover was 20 cents above my entry, second cover 30 cents above it, and finally I got stopped out at 9, I saw that red candle, it didn't break the 9, but the one after it was so weak that I just decided to go out before the break even, which was a smart decision I think that's all, good trades on TWTR, NTRA, GLMD, DAL, small loss on LB,
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