mmohr63

Robert, how do I find candidates for this reversal? Is there some sort of scanner that notifies of stocks X% away from VWAP? i.e. How do you find potential stocks that are ripe/setup for this type of reversal?

Thanks, Robert. I will work on this.

Tommy, my experience with this community so far has been an emphasis for new traders to focus more at the beginning on trading properly and the gains would follow. I did make a small gain on this trade, but I left a lot more on the table because I didn’t know what exit indicators to look for and I panicked somewhat because I have lost everything holding too long in similar situations. So, I think I entered the trade correctly, but if I knew and had more experience in exit indicators, I would be better at this strategy. Thus the crux of my question. What are the typical exit indicators when trading this type of reversal strategy.

Robert, I have been working on the 15 minute reversal and seem to be getting better at the entry, but am not very good at when to exit. Below is an example of an entry into NFLX. I saw the 15 minute candle reversing. 5 minute candles looked good. 1 minute chart showed the 9 crossing the 20. Things were going good, but then there was the dip around 14:28. The previous 1 minute candle was red and the next one (the one i exited) started out red and was dropping. I got out. Hindsight shows, I got out much too early. What are the indicators to get out of the reversal? The price eventually went to VWAP, which was my target, but with the current Bear market and getting stopped out in situations like this in the recent past and being short biased, I didn't want to lose my gains.