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Showing content with the highest reputation on 09/17/2019 in Posts
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1 point17/9/22 okay day, finished 2 Rs down, still just too many losers but was a real choppy day. had to abandon my watchlist half way through and trade things that were moving. 11 trades: 2 winners (VWAP hold, pendant reversal) 1 b/e (no setup) 8 losers (ORB, VWAP breakout x 2, no setup x 2, pendant breakout, chasing ABCD x 2) Trade 1: ORB on snap but got in too early, had a big pop after this, shouldve waited to see the support before i got in. Trade 2: After KHC got out of its consolidation i went long at VWAP with increasing volume but was pure chop. Trade 3: was a bad entry not sure what the setup was either. Trade 4: chased the entry on this pendant breakout, didnt work anyway, the pendant wasnt perfect. Trade 5: over trading. Trade 6: finally a good trade, punched above VWAP, held, then held again with a shooting star on the 1 min, got a great entry and rode it up partialling at resistance Trade 7: was looking to get in early hoping a triangle would form but shouldve waited for confirmation because i went short just after a double bottom. stupid. Trade 8: looked like it was losing VWAP so went long, AAPL was so choppy so got out at b/e Trade 9: ROKU broke out of a pendant at HOD, missed the entry so waited for a pullback and got in as it went down again, added halfway down then got some good partials around VWAP. Trade 10: market was going mental and i chased ENPH up twice. stupid.
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1 pointTuesday 17 September 2019 Was in a good mood today and felt ready to trade. Trades KHC This was a harmoniuos chart play. On the daily it was gapping down and on the 15 minute chart on a downtrend. It opened below all the moving averages. It popped above the moving averages it didn't close above them. on the way back down I entered short with a stop above the premarket level of 28.62. This was not really a good R:R trade. Once it was consolidatiing I changed my stop to the break of 28.5, which was also the break of VWAP. WLL 1 This was a descending wedge in combination with a opening range breakdown. I put my stop above the previous 1 minute wicks, which gave me a good R:R. I partialed along the way down at significant levels and made 2R out of this trade. WLL 2 Once WLL found a bottom it was starting an uptrend. I saw it making a ascending wedge wedge a took this as a reversal play. It did pop a little bit, but shortly after that dropped down and stopped me out. GLW 1 My first trade on GLW was a descending wedge. On this one I got a very bad fill. the second i clicked short hotkey it dropped down and got a horrible fill. after I entered I realised I shorted it into support levels and got to the conclusion it wasn't a good trade. the next minute I got stopped out GLW 2 This was a good play. Had the correct entry on this one. No resistance levels coming up and above all the moving averages. Took profits on the way up and got the remainung shares out at break even. AAPL Not a really good play. Entered too early (must have 3 touches to the flat bottom of the edge before entering). And realised I shorted into support. SNAP 17 Sep My last trade was on SNAP. Very bad trade, it was chop around VWAP and no clear setup was visible. Ended the day with -0,5R. Still taking not the best setups, I'll have to work on that.
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1 point9-17-19 Woke at 7:40 with 5 hours sleep, feel pretty good. SSS and a Coffee.... PAT: Make sure I have a play for a trade......... stick to my plan......... wait for better setups........ I will still try pre 5min trading for a little longer, I am still trying to find my place in the market..... for the short sample on Tradervue my trades that are under 10 min. are loosers and over 10min are winners.... and trades between 9-10 and 11-12 are also winners..... AMD........ apx. 3/4 Share size on all three trades as I feel these early trades are still not my thing........ first........1min ORB...... on pull back and added in on the way up....... stopped out below VWAP......... -38.00 second..... short with no clear pattern so I stopped myself out ASAP....... +2.00 third....... 10min ORB........ VWAP for target and Low of Prev. 10min candle for stop out....... -30.00 -66.00 SNAP...... PB#1, 10min ORB with ABCD on 1 and 2min.......... I did try to get the earliest entry her for a big R/R, entered at C and added in for a total of a full share size...... As I am in t he trade I did not like the price action, L2 or T&S so I reduced my size by 50% and then all out when it continued to chop......... +10.00 NUGT first....... PB#1 without confirmation (B- setup) was mistake one and mistake two is that I took full share size........ target was a Daily at 31.35 but got stopped at VWAP........... -56.00 Second........ PB#3 (A+ setup) took full share size ....... Trend with an ABCD on 1min and no new low on 5 or 15min, above all MAs and Harmonious ............. 1.5/1 and 4/1 ultimate goal with my targets at daily of 32.02 and 32.66 and stop of break of C......... Partials of 25% three times then added on the pullback then continued to partial up to 33.00 and one on the way down then all out..... +226.24 Third was a continuation of the previous but instead took 1/5 share size and would have added in if the action went my way...... -10.00 +160.24 Cons: Pre 5min trade cost me 38.00........ Took one trade without clear confirmation (NUGT #1) and tried to enter another before the move (AMD #2) and another out of excitement..... still need to fine tune my share size depending on the quality of the setup...... Pros: Did respect my stops...... Did find my A+ setup and took proper size........... My favorite of the day for my new Playbook is 2nd NUGT Trade........ R = 50.00: +104.24
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1 pointI'm still a bit of a spring chicken (I'm turning 29 next week, so maybe I'm not as young as I like to think I am) but I know from talking with day traders from all walks of life that you'd be surprised with how many of the challenges you will face as a day trader are shared throughout the community. The struggles we deal with on a daily basis are rooted in human psychology, and whether you're 18 or 80, that's something we wll share. That being said, I have no doubt that there are certain challenges the seasoned demographic (as you so eloquently put) will face that some of the younger folks may not initially struggled with. Something that comes to the front of my mind is, naturally, embracing the technology that we utilize. Considering I grew up playing video games, integrating the hotkey muscle memory into my trading was relatively easy and I didn't have to put much thought into it and I can certainly see how others may not have a similar experience. What I may recommend to you is that we do have members of all ages within BBT and you are obviously more than welcome to connect with them and potentially setting up a group within the community! This forum post right here may be the first step! By connecting with members in a similar situation as yourself, you can all share your experiences and help each other, which is what BBT is all about. Once again, we are so happy to have you aboard, and wishing you the best on your journey!
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1 pointI shared my 15-minute Reversal Strategy on the YouTube Channel. As Marcel pointed out in the comments, you really want to see the volume come in on that new 5-minute high. More volume should pour in when that candle also brings in a new 15-minute high. This will give us the momentum to the upside. I will be adding examples of this strategy that I saw in recent memory. Please feel free to post your own!
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1 point$PTCT - Jun 18, 2018: Booty Reversal Breakout to VWAP and beyond. Another example of me taking the reversal based off the 5-min chart. Went back and looked at the 15-min chart to see the additional confirmation happening without my knowledge.
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1 point$PAGS - Jun 19, 2018: Reversal to VWAP. This one was interesting since I took the reversal based off the 5-minute chart. It wasn't until after the fact (thank you @AdventureDogLA) that I realized the momentum came in after the new 15-min high!
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1 point$AA - Jul 19, 2018: Reversal to the 9 EMA and $ABBV Reversal to VWAP.
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1 point$FCAU - Jul 25, 2018: Booty Reversal Breakout. On the 3rd reversal that I didn't take, note the moving average cross on the 1-min chart. That's when it really took off!
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1 point$YUMC - Jul 27, 2018: Reversal to VWAP. Didn't sell off for too long and this reversal happened quite early in the day.
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1 point$GDS - Jul 31, 2018: Bullish Engulfing Reversal to VWAP and beyond $GDS - Jul 31, 2018: Reversal to 9EMA on 15-min chart
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