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Tuesday - August 11, 2020 Futures Watch /ES continues to be in 'Alternate Thesis' where we have moved well past the VA High now higher at 3320 and continuing to squeeze higher, leading to a rally and shorts covering. I marked 3337 as a possible target is this scenario, which we have achieved, broke through, and retested as support on yesterday's session. We have good volume support below near 3350, so we would need to lose or gap below this area to consider VA High as a target below; the current thoughts are we will continue to go higher until we have a clear reversal signal/day. 10D 30M Chart /NQ has moved the VA Range into the current range, testing the VA High 11275 highs on Friday before falling back into V POC around 11050 at the time. Yesterday we did try to lose the marked support, yet we closed slightly above and moved higher until this Premarket session, where we quickly fell right back to this area. Larger structure is showing weakness in this area, as rotation is occuring in the overall markets. 10D 30M Chart /RTY is moving strongly off of a test of 1540 support and current VA High. Alternate Thesis is in play; however, volume structure below is less supportive if a resistance and selloff were to occur. We will look for continuation into an extended move and into long-term resistances or a sign of reversal for a larger move back to VA High. 10D 30M Chart Premarket Review at 9:00 ET Interesting Futures: Crude and Natural Gas up around 1.5%. Crude retesting 41 last week and rallying to retest 43.50 recent highs, Natural gas breaking above a range area and holding above 2.15 recent highs to reverse a major downtrend over the past years. Metals down with Silver down almost 7% and Gold down 3.5%. Volatility down 3.5%, continues to decrease as market grinds higher. Premarket Sectors at 9:15 ET Strong Sectors: Financials with bonds lower ($TLT big drop) and Energy with strong Crude and Natural Gas. Sector Rotation into these beaten-down sectors. Industrials strong with airliners. Weak Sectors: Technology overbought and being sold off and Metals similar strong run with a larger pullback today. Things to Watch: $BA and airliners. Financial and Energy names like $C, $JPM, and $OXY weak with overall Energy strong. Weak Tech names like $AAPL having trouble moving outside of tight range 440/455.

Monday +2.5R, 5/6 2:1? 5/5 4:1? 4/5 MCRB BO @ Level Pre Market +0.06R 2:1? YES 4:1? YES UAL 1MinOrbUp +1.06R 2:1? YES 4:1? YES MSFT.1 5MinOrbDopwn -0.64R This first entry was too far from VWAP, but I was afraid of missing the move. MSFT.2 5MinOrbDopwn +0.096R 2:1? YES 4:1? YES Good trade, but I got cold feet and exited with miniscule gain MSFT.3 5MinOrbDown +0.69R 2:1? YES 4:1? YES A bit of a revenge trade because after I exited the last trade, price dropped immediately so I shorted again. Because I knew this was not a solid entry, I partialed 50% quick. The trade ended up more than 10R, but I had taken off 50% before it even reached 1R. MGM 5MinorbDown or 5 Min Engulfing Crack, not sure which I should label it as +1.26R 2:1? YES 4:1? NO Traded ok today, still struggling on holding for the first partial, and not happy with how I traded MSFT. I was considering not trading 1MinOrbs this week, but when I reviewed my trades last week, my biggest problem was hesitating on 1MinOrbs, there were a few times I didn't take the trade when it looked good and it ran without me, so then I would try to force a 1MinOrb on a different stock on the 3rd or 4th candle. So I picked the stock from my watchlist that made the best looking 1min candle (No big wicks, nice sized body, closed above/below VWAP) and concentrated on an entry during the 2nd candle.

Ref to this webpage https://dastrader.com/subscribe/. Seems Das Trader Pro will soon work with TD Ameritrade. It should be a good news for for those who have TD Ameritrade accounts. I heard that ThinkOrSwim / TD Ameritrade has issue of slow execution, especially during the first few minutes after market opens. When we place order in Das Trader Pro, are the order executions exclusively managed by DAS Trader Pro, or dependent on the broker? If it’s managed by Das Trader Pro, I understand the order execution should be very fast because DAS Trader has direct access to the market. If it’s still dependent on the broker (e.g., TD Ameritrade), there will probably still issue of slow execution.

Tuesday +1.63R, 3/4 2:1? 3/3 4:1? 2/3 DIS 1MinOrbUp +0.49 2:1? YES 4:1? YES I should have entered this again after test of VWAP for a 5MinOrb, but I was afraid to lose my profits from the first trade. I need to learn not to let an earlier trade affect my analysis of the next trade. The second trade would have been a clear 5MinOrb with smaller time frame ABCD. MGM 5MinOrbDown +1.1R 2:1? YES 4:1? YES CCL LightningBoltUp -1.1.R I should not have entered this trade until it broke through the 100sma and 200sma that were sitting right above VWAP. I even told myself twice if it got to .40 mark which was break even, I would get out. I didn't and it cost me an R. RCL 5MinOrbDown +1.1R 2:1? YES 4:1? NO When the above CCL trade failed, I saw it was a short, but the only cruiseline available for short with CMEG is RCL, so I switched to it and shorted. Decent entries again, but I didn't wait for 2:1 on anything. I need to unpack my stress balls. I'm in a new hotel and they are still in my bag.

2020-8-11 <SIM> I came into the day ready to dedicate the day trading from open to close. (only trading opens recently) Spent last night going back to make detailed notes on VWAP strategies from the Education center. TRADE 1 $INO 1 Minute ORB Took $INO short on minute 2. BOOM ! +2.74R to start the day !! So here is the dilemma. If this was a planned short day, it would be over. Post my one and done and have a great day. I have dedicated my day to sit in front of trading all day. So I thought of two scenarios. 1. Drop into "practice" and keep working on DAS. Or 2, Count all the trades and the day stands by itself. Either way I want to participate in the chatroom and learn what I can from the moderators. Option 2 it is ! Goal is 5R for the day! TRADE 2 $NIO VWAP Reversal -0.23R I studied this strategy from Andrew pretty intensely last night. It only applies in the first half hour of trading. He also was using the 5 minute chart to show this. I got more aggressive using the 1 & 2 minute chart...long at 9:47 and chickened out of the trade. What do you think of this screen shot with the multiple time frames ? I am starting to like it... TRADE 3 $CCL Reversal -1.0R Went long at 10:04. Entry based on 1 and 2 minute candles. Should have got confirmation on the 5. TRADE 5 $AAL Reversal +0.80R Since I had been wrong on the two previous reversal trades. I decided to wait for more confirmation. I let the stock break the 9ema on the 1 minute. Also got a confirmation candle on the 5 minute. It broke the 20ema so I doubled down on the buy (what ?! Not in my playbook!) It paused and I sold the double down right away. 75% partial at 10:19 and all out at 10:20. Aiman was kind enough to review this trade in the classroom today. His remark was that my entry was to late. Agreed if you are looking at the one minute candle. So there it is, it's a risk-reward trade off. The more confirmations, the higher the probability of the trade working. With the one minute candles the higher the reward. But in my own small sample size, the tighter time frames failed 0-2 and the more conservative one won 1-0. I wish I had the computer smarts to go and back test this. Perhaps their is another variable you could throw in to increase the smaller time frame hit rate. @Aiman Almansooriis certainly doing it. RSI ? Aiman was counting candles, lot to learn from him. TRADE 6, 7, 8, 9 $OXY TRADE 6 Reversal -1.0R Went for a reversal at 13:03, waited for the 1 Min to cross the 9ema. Failed. 1R loss. TRADE 7 $OXY Mountain Pass +.06R $OXY passed the 50SMA on the 1 minute and I went long at 13:26 10% partial at the 100SMA (Note, when I take 10% partials it always go back to break even...not sure why! It is a manual entry at this point, no hot key. Will fix that tonight) TRADE 8 $OXY Reversal +.06R Aggressive entry on the 1 and 2 minute candles... 10% partial, out at break even. TRADE 9 $OXY TREND TRADE -1.0R Not a highly utilized trade for me. But I think it needs to be utilized more. Went short at 13:46 when $OXY held the 50 on the one. Big share size, small stop, stopped out at 13:47. The overall trend here was south, so there is definitely a strategy here somewhere... Blowup of the 1 minute chart for further analysis... So the $SPY crashed and so did this stock later in the day (when I started journaling) But, just looking at possible other entry points... There are two 9/20 crossovers that would have signaled a sell. A false 100SMA breakout to short ? Also a support and resistance level marked on my chart Would have been a Monster Run ! Lesson; If you are going to have a watchlist, need to watch them ! Can you set an alert for the 9/20 crossovers ? Asking DAS right now...No, is the answer. Need to set alerts for levels...super easy, no excuse not to set this up on watchlist stocks. Need more monitors (?) Oh sure, the wife will love that idea Better make some $$ first. Wow, that could have been a big winner... P.S. That is enough of trading $OXY for the day ! TRADE 10 $SLV Reversal +1.92 R This was called out by @JaradBBT in the chatroom. Went long at 14:04... Took a lot of partials, but I think I maxed it out... Would you have taken the same move at 14:32 ? Looks like another good entry... TRADE 11 $SRNE Reversal +1.17R Called out in the chat room. Late entry but still made some $$ ! Afterthoughts & Conclusions +3.51R This is my best day since I have been on DAS... Feels like a full day of work ! Will add more thoughts to this later...

Aug - 11 Daniel E

The buy 100 + STOP and short 100 + STOP key basically buys 100 shares and places a stop market 10 cents below your entry automatically. Adjust as needed. These hotkeys cannot be used on stocks that are on SSR. Be mindful that a lot of stocks will move up and down 10 cents and you will be stopped out. BUY 100 + STOP ROUTE=SMRTL; Share=100; Price=Ask+0.10;TIF=DAY+;BUY=Send;TriggerOrder=RT:STOP STOPTYPE:MARKET StopPrice:AvgCost-.10 ACT:SELL QTY:POS TIF:DAY+ SHORT 100 + STOP ROUTE=SMRTL; Share=100; Price=Bid-0.10;TIF=DAY+;SELL=Send;TriggerOrder=RT:STOP STOPTYPE:MARKET StopPrice:AvgCost+.10 ACT:BUY QTY:POS TIF:DAY+

Nice trades ! Five out of Six, Excellent !

I agree with @Abiel and @hailchaser2 that stop loss would be at technical levels, but i am trying to execute parabolic reversal and in that trade my stop loss should not be more. Now if i use Kyle's hotkey it takes some time to double click and then execute the script and it that way my stop loss moves so much and reward becomes less. I appreciate your concern and as i mentioned i am using Kyle's hotkey script, but looking to get STOP loss at pre defined level. And i am currently playing in SIM so don't worry.

Hi all, My name is Parisa. I am 32 years old and live in Los Angeles, California. I am married to my husband of 3 years and we have a 2 year old daughter. My journey in day trading started in the summer of last year when I was looking for ways to make supplemental income. My husband is a full-time student so I am the sole breadwinner of my family. I have a 9-6 job as an Accounting Manager for an Entertainment company. I came across Andrew's book and purchased the audio version. I've listened to it a few times and also have a physical copy. I joined BBT in March of this year and became a lifetime member shortly after. I am currently trading low-key while I build my skill and confidence. I primarily trade the open before work and my main strategy is the 1-2 min ORB. I also like to trade extreme reversals if I can catch them before work. My goal is to day trade for a living so I can have more time to spend with my family. I am very thankful to be a part of this community and to be learning from you all. Parisa

Just something to look out for, I've seen this quite a bit, there is a rejection on moderate/high volume, then 2 lower volume candles of consolidation, then a drop. I'd call this a bear flag, but I've done next to zero research on bear flags, haha. It looks like it though! : P It's good you waited you for the pull back. ABCD's are tough, in general the one's that have a strong move then consolidate sideways in a tight range offer the best r to r, but they're rare. You're doing great though! Just keep grinding away at all the strategies and find what you like, keep a close eye on spread, especially in the first 5 minutes. Don't let R count get ya down, 1 day at a time. Some ABCDs... Aiman's "W shaped" ABCD. (2nd bottom higher than the first)

Hey Justin, Yeah, it's an issue with DAS and having a Stop order open at the same time. You need to cancel the stop order and replace it. Luckily we can do that all in one hotkey: CXL ALLSYMB;Route=LIMIT;Share=Pos*0.25;Price=Bid-0.03;TIF=DAY+;SELL=Send;ROUTE=STOP;StopType=Market;StopPrice=StopPrice;Share=Pos-share;TIF=DAY+;SELL=SEND That will cancel the stop order, sell 25% of your shares, and replace the stop order in the same position with the new share count. If you want to move your stop to breakeven you would use: CXL ALLSYMB;Route=LIMIT;Share=Pos*0.25;Price=Bid-0.05;TIF=DAY+;SELL=Send;ROUTE=STOP;StopType=Market;StopPrice=AvgCost;Share=Pos-share;TIF=DAY+;SELL=SEND

Zoom and Scale- One thing I discovered today when setting up my charts on this topic. Scaling is also affected by your moving averages and price marker settings. When you configure your Levels setting like Y Low & Y High or Pre Mkt Low & High or Moving averages indicators in the study config section when right clicking on chart, you may want to un-click the "include in scale" box in the config ex which will allow you to Zoom/scroll into you area of interest without making the candlesticks or chart smaller. Study Config--> highlight study--> hit configex--> check or uncheck the "include in scale" box I left it checked for Candlesticks but removed it for everything else and I have beautiful zoom in & out scaling.

Video file uploaded to Google Drive and sent to @Abiel