Leaderboard

Thursday - July 09, 2020 Futures Watch /ES continues to skirt above the Profile Range with 3184 as a recent pivot high (also poor high). Breakout and retest did technically occur over past few sessions, so watching this area to hold above trendline. A break below would target 3132 area as first target for a return to Volume Range. 10D 30M Chart /NQ continues to not back down, having build some volume value around 10600 and well above Volume Range High at 10430. We can certainly continue higher now that there is some price acceptance below, but we are moving on 'borrowed time' that will likely provide a healthy and somewhat quick pullback. 10D 30M Chart /RTY pulled back into the Volume Range after getting overextended into 1465 area on Monday. Usually the first target is the top/bottom of the range (1445/1390 at this time) when you are above/below the range, with the final target the Volume Point of Control around 1423. We've achieved that target and returned back to it after a deeper push below 1400 yesterday. Expect this to lead other markets now that we're back into Price Acceptance; departure away would be leading information used in other sectors. 10D 30M Chart Premarket Review at 9:00 ET $SPY - Opening slightly higher and trending into Daily Highs around 317.50. A breakout today may lead to shorts covering in order to fill remainder of gap 318.22. $QQQ - Gapping up higher after yesterday strength and continued ATH breakout. Watching closely for continuation to support other market rallies or a breakdown on a momentum loss pattern (ex. Ascending Wedge) to signal a potential short with a nice Risk/Reward. $IWM - Opening flat and caught in a tight range on the daily between Wednesday Low 139.1 and Monday High 145.69. Given Futures Profile and yesterday bounce and rally, I want to see a retest of the tightening range as a target for a high (around 145) over next two days. Bond Futures flat and dead center in Volume POC, $TLT opening flat and uninteresting at this time. Oil Futures down slightly, but has been grinding higher into 41 resistance and starting to look like a Flat Wedge with potential to breakout. Watching closely this week for breakout of breakdown at this critical level. Natural Gas Futures up 2.7% after pulled back slightly yesterday while exceeding the Volume Profile Range. May correlate with Oil strength and lead Energy Sector/Names higher into Summer months where demand tends to be higher. Gold Futures Slightly lower after becoming extended into 1830 area and well above Volume Range, looking for a healthy pullback to 1800 and top of V Range before continuing higher next week. Silver Futures Opening higher .70% and also extended past Volume Range, may correlate with gold for a pullback to 18.85 support. Expect Silver to lag Gold if strength continues. Volatility Futures Down .6% and seems to want to hold above 28 in recent trading sessions, looking for support to crack if markets explode higher or a sharp rally through the Volume Range to test recent highs at 35. Premarket Sectors at 9:15 ET Strong Sectors: Technology and Communications breaking ATH ($XLK Prior High 108.07) and Pivot High Resistance into ATH Range ($XLC 56.98 into 57.75 ATH). Weak Sectors: Financials flat, but against rest of sectors relatively weak and daily hasn't shown any rally signals yet with yesterday running right into resistance ($XLF at 23.23). A break of this price may lead to a nice move higher. Things to Watch: $BABA - China Stocks continued rally, looking for signs of weakness but none spotted yet. $NKLA - Continuation from overextended bounce into gap support. $FB/$MSFT - Strong Communication and Tech into ATH Ranges

Hi Fab, what a great tool you have created! One question or request? Is it possible to export as .csv file?

Wednesday LIVE +1.5R Pretty uneventful morning, the three trads I took were ok, but I'm proud once again of the two trades I passed on because they didn't meet my criteria. I think I'm going to start adding them to my journal, because IMO, they are more important to my development than the trades I do take. My growing self awareness is what allows me to stay away from those setups. UAL 1MinOrbDown +0.7R Not much to say about this trade, it bounce right off the daily level I had drawn, wish it would have followed through more. but I took a 50% partial at that level. WMT 5MinOrbDown +0.5R I chased this trade a bit. WMT was on my secondary list, so I missed the nice 1MinOrbDown because I only have charts up on my main list. when I clicked over to WMT I had some FOMO and entered the trade way further from VWAP than I like. I was fortunate this wasn't a loser. SQ 5MinOrbUp (more like a 15MinOrb) +0.23R This was late in the day for me (9:56), I like to have things wrapped up within 30 minutes because I have to leave for work. SQ was holding above VWAP, once it broke through VPOC I took it long. It just didn't have the juice yet though. Not a bad trade, the 1MinCandle prior to my entry did have volume above average. Tomorrow, keep it up, the follow through will eventually happen.

Day 123 - Jul 8, 2020 11 Tickets 2 Symbols Green Day Personal: Super tired in the morning, decided to sleep in a bit (good decision). Came to screens to 6:00 and finished market prep for 6:40 - ready to go, and energized Goals for the day: Playbook 100% Watch list: Trades WKHS (1) - Long - ABCD / Asymmetrical Triangle Came back on low vol and looks like holding above VWAP at 17.5 previous high level forming a potential ABCD (and a minor descending triangle right at that level….). Took it long as it spiked up stop below VWAP. Wasn’t watching SPY at all. Note: Entry 17.73, stop 17.34 = 17.34 0.49c Improvement: Broke rule didn’t wait for VWAP and ABCD already happened at 9:45 this was forcing trying to make up a pattern, and wasn’t paying attention to SPY at all. Deserved loss. WKHS (2) - Short - Descending Triangle (Lvl 2 Bids Decrementing) Saw the 17 bid decrementing (1000 lots to 600 to 100) and as soon as I clicked to get ahead of it already tanked…could have gotten the 17 but wanted confirmation. Went straight to PDC as expected providing support. Huge slippage - just because I didn’t want to take the trade and trust my gut on Lvl 2……. Good: Good job noticing opportunity on lvl 2 Improvement: Trust your gut - had playbook setup, volume validation and clear sign on lvl 2 - NEED TO TAKE IT Note: Entry 16.85, stop 17.22 (adjusted to 17.05 - if it comes back above this now its not worked. Was looking to adjust and take some off into 16.5 big bid. No reason…there is lots of selling and sector is dropping. NVAX - Short - Descending Triangle NVAX sold off all day and found support with hidden buyer around LOD at 98.7, noticed refreshing bid over and over, took it short as soon as the bid dropped, and offer stepped below 98.7 level. Instantly dropped and hit 98. Tried to recover but on weak buying power. Made its way back down to LOD and put in major volume on a hammer, took first partial in case it was bottoming. Took another partial in front of 97 bids and again in front of 96 bids - initial target was 95.6 in front of PDL - should have just left it and waited for that to hit...... . Adjusted stop above 97 and got stopped out on final partial. Good: Great patience waiting for this and noticing the refreshing bids at 97. Improvement: Could be adding on the 2nd drop as it failed to pop back up. No need to be taking the 3rd partial (at 97 twice). Trade Ideas 9:51 - INO Asymmetrical triangle below VWAP - break above 23.12 (stop 22.79) or below 22.7 (stop 23.12) (Winner ~3.85R) 9:58 - NIO ABCD break above 14.8 entry, 14.39 stop. Target HOD 15.3 +. Didn’t like heavyish selling on the 1min. (1.3R = Breakeven / Loser) 10:05 - NKLA break of asymmetrical triangle break through 50 stop below 48.48 (too wide of a stop) and not a clean triangle. (Loser) 10:25 - NKLA still setting up for Asymmetrical - long only no short above VWAP (No Entry) 10:39 - INO break at 23.9 holding PMH and TFL. Stop would be 23.54 (No Setup = No Entry, Loser) 10:42 - WKHS Asymmetrical triangle, break above 17.55 would be a long. But NIO falling which is sector play (No Entry) 10:44 - NVAX just missed the descending triangle at 101.7 stop 102.55. Current Entry would be 101 (too far though). 10:49 Good entry right at that shooting star break….but didn’t take it, stop above 102.5 (Winner ~4.8R) 11:20 - INO minor descending triangle. Stop 23.26 entry 22.89. Target (Loser) 12:23 - WKHS minor descending triangle at the 16.65 level but don’t like the nearest pivot - 16.76 stop, 16.62 entry (Winner ~ 4.2R) 12:48 - INO mirror level, descending triangle into 23 don’t like it as its still at a higher low (Loser) 14:35 - NIO at PDC kind of descending triangle but not really….not in my setups 13.16 entry, 13.66 stop (Winner ~2.3R) 15:31 - NKLA saw this too late, but possible entry on a pullback to 53.5 to retest and breakout…Didn’t like the failed breakout on higher vol, and way to late in the day for me to trade it. (Winner ~2R) Trade Review Goal 1: Playbook Setups Only = PASS Goal 2: No Adjusting = PASS Another day which was decent, but should have been a lot better. 1 winner, 1 loser, 1 breakeven. The loser I didn’t follow the criteria for entry which shouldn’t have been taken. The breakeven was a good trade, but hesitated on the entry and got major slippage and then adjusted stop after 1R level was reached which should have been a 2R (5R if I got in on the initial signal), and the winner which I actually played pretty well other than the trade management. Feeling much better and much more confident, and although the urge for other setups is there I am doing quite a bit better job by holding off and not taking those trades. I think getting enough sleep has been a GAME CHANGE…now I would rather be 30-45 mins late to premarket prep (and start later) than get there early and be tired with low self control. Things I did well: Confirmation from Vol and Lvl 2. Things I did poorly: Waited a little too long - didn’t trust my gut on a perfect setup (WKHS Short). Not take all my setups (out of 12 trade ideas, 5 winners, 5 lowers with potential max of ~12 R) Daily Report Card 1.Playbook Setups Only (ABCD, VWAP Break N Go, Triangles looking to add 1-2 more) = 3/3 = 100% 2. Placing trades with defined risk, and profit targets (No adjusting) = 3/3 = 100%