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  1. Michael Sanchez

    Michael Sanchez

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  2. MattfromNZ

    MattfromNZ

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Showing content with the highest reputation on 01/29/2021 in Posts

  1. 1 point
    The two tools I have found helpful for this are: PowerToys FancyZones – Divide your screen(s) into equal parts. and AquaSnap – Drag and snap windows together. Using these tools can really help in creating custom desktop layouts without having to “eye-ball” it.
  2. 1 point
    Thanks boss!! AAL's price action was very strange today it was gapping up 8% and completely sold off to -2%.
  3. 1 point
    Takeaways I must stick to ABCD patterns because this is what I know best My worst week was when I was "scalping" and trading Double Tops and Bottoms My hotkeys are allowing me to make profit even when I have more losers than winners. I need to improve on my ABCD patterns My monthly goal was to have at least 1R (surpassed expectations)
  4. 1 point
    Awesome trade man! This was was also a 5min ORB. I originally had this stock on my 5min ORB watchlist, but swapped it for another, because my strategy involves entering near VWAP, and this was was so far away. Looking back at AAL's chart today it remained super far away from VWAP for all of today and all of yesterday (during market hours at least). I don't understand that.
  5. 1 point
  6. 1 point
    I agree, I do not take ABCD patterns if they cross the VWAP. Those trades are unreliable in my opinion. I want my patterns to respect moving averages as much as possible.
  7. 1 point
    This was a great trade. Your first trade was perfect. I also liked how you managed your second trade well and got out at break even. No need to lose profit. Great trading Matt.
  8. 1 point
    Stock: CCL Result: -1R loss Strategy: ABCD Long/Short: Long Entry: 1Two attempts to find an entry at around 20.60. S/L: Loss of VWAP Why did you take the trade?: After a strong move up and breaking and appearing to hold VWAP this looked like a good ABCD entry. My first entry stopped out, the price then dipping back below EMA and returning up. I took a second attempt seeing this hold VWAP, but again stopped out and came off it. What happened next?: I took a total loss of 1R on these 2 trades, as I kept my stop tight. The stock rolled over from here and didn't break VWAP, settled back down 40c lower. How did you feel after taking the trade?: I felt ok. Not losing my shit anyway! You win some you lose some. I lost this but with a tight stop it was absorbable. What did you do well?: Kept a very tight stop. Questions?: So... Was this a good trade or not? Was I right to make an attempt, a second attempt? My rationale for going in was clear - the stock strong green on the day, after a strong run up, breaking VWAP and pulling back, appearing to consolidate right above VWAP. I had every right to anticipate a continued move up right? There will always be trade ideas that don't work out. Was this just one of them?
  9. 1 point
    That second entry looks good to me, just didn't get a big move out of it. Because you had such a nice range going, I would have considered putting my stoploss at the low of the previous candle. With you stoploss where it was you aren't getting a good risk/reward. I would want to bail from the trade as soon is it re-enters the range.
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