2-3-2020
I finally arrived back home late last night. All went well and got the new job, now I need to focus on moving across country.
I was able to get a good amount of trades in today.
AIMT (First two trades).
So, I got stopped out on my first trade. Original plan was to trade a 5m ORB. I saw that the ORB was pretty extended on the 5 minute and thought it was going to go test VWAP. Saw what I thought was an opportunity on the 1m to scalp to the VWAP however, it went right back down. I've never really tested a strategy specific for this and didn't really have a plan on how to properly trade this. Which has taught me that unless you have a defined strategy, then stick with what you know.
So the second trade, I obviously saw the break on the 5m ORB, also saw a good reverse ABCD pattern on the 1m. I took the trade short. Set me stop loss right above the 9EMA. I saw heavy support on the level 2 so began to cover my position. Not the best risk/reward, but still better than 1:1.
AMD -
I saw a good ABCD pattern on the 5 minute and a bull flag on the 15m. I saw that it had also tested VWAP and continued to go back up on the 5m, took the trade long. It then went back down to around the 50MA. I still believed it was a false break on the VWAP and saw the confirmation candle following. I should have added to the position there but did not. Took my first partial at the first technical level, and took a few more partials after the resistance break.
MU -
I like tight ORBs on the initial 15m. Saw it break on the 15m and took it long, set the stop below VWAP. unfortunately, I got stopped out. Hindsight, this would've been a beautiful 30m ORB to trade!
ROKU -
Took an ABCD pattern trade on ROKU. Found a good support level on the 5m chart at around 126.50. Set my stop right below that level, was a little timid because I wasn't sure if it was going to do a VWAP test or not, seeing as it was getting extended. But it ended up working in my favor. Took my first partial at the resistance level and took two more partials when I saw some resistance on the tape. Overall good RR on the trade, I was happy with it.