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Jens

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Everything posted by Jens

  1. Hi Kyle, I have a new challenge for you (if it's not already existing) Is it possible to trigger a new order or automatic adjust a existing order, when a order is hit? Here are a couple examples of what I mean by that. For example - When a target is hit (limit order) I want the share size of my existing stop market automatically adjusted for that symbol. - When my stop market order is hit, I want it to cancel automatically all my existing limit orders for that symbol. - When my first target is hit (limit order) I want it to automatically remove my stop market order and set a new stop market order at break even (or adjust the price and share size of the old one).
  2. Hello Benjamin, I have joined the group, I saw you also did join it. Since we are the same timezone and probably talk the same language it could be a good advantage help eachother. Maybe it is easier to communicate on discord from now on.
  3. Hey guys, I am also a lifetime member and interested to join a small group, since I'm struggling with consistency. I am based in the Netherlands and have been trading for about 2 years now but not profitable yet. Maybe we can help each other out. Has the group already been made? I would love to hear.
  4. 8 October 2019 ASUR ASUR was forming a descending wedge on the 1 minute chart. After the 3rd touch on the flat bottom I took it short for a break to the downside. It didn’t break the wedge to the downside, but it got above the wedge and got me stopped out. This stock was pretty much chop and shouldn’t have trade it. SPY Because everything seems to follow the spy I decided to trade the spy itself. It was a ascending wedge. It was not a very clear setup since it was only forming a wedge on the 1 minute. There must be also bullish signs visible on other charts. AAPL Saw a wedge forming on the 1 minute chart. Took it on the 3rd touch. There was also a bullish hammer forming on the 15 minute chart. But sadly enough, after I got in the spy dumped and apple dropped with it. After reviewing I also realized it was all chop fest today. Another bad day in the books. Today was a very hard day to trade. It was pretty much all chop and no clear charts and patterns were forming.
  5. 7 October 2019 UBER UBER was gapping up on the daily chart. I was seeing multiple support levels. In the first minute it bounced off those levels and I entered a long position around VWAP. I had set my stop below those support levels. In third time it bounced 1 more time, but in the 4th minute it stopped me out. Not too happy with this trade because there was no clear setup forming. ROKU played a ascending wedge on ROKU. Notice my entry was very late. Was having fomo on it. It looked pretty good on all the charts. A kind of ascending wedge was also forming on the daily chart and it was above all the moving averages. This was a good setup, but had a very bad entry. SDC This was a small descending wedge on the 1 minute chart. it was stalling out on the previous day close. I took it short when it broke that level. Entry a little late again, It did drop a little bit, but I saw that the 50 SMA on the 15 minute chart was acting as support and the 20 EMA on the daily chart was coming up. Managed to get out at break even. AVYA AVYA was forming a clear flat top at the 14 dollar mark. I entered long when it touched the wedge for the 4th time. Shortly after that it did a small pop, but it never really broke the 14 dollar mark. My target here was 14.15, the 200 SMA on the daily chart. AAPL My last trade was on AAPL. I was already down 3R on the day, so shouldn’t even have taken this trade. Despite that it was a good setup. It was trending up on all the charts and took it long when it broke above the previous day high. It moved in my direction, but because I was already down 3R I decided to get out at break even. If I would have held to my original stop it wouldn’t have stopped out and it was a good winner. Hit max loss today. Not really a good trading day. did not take the right setups and didn't manage my trades well
  6. 4 October 2019 AAPL Traded this stock two times today. The first play was meant to be a harmonious chart play. After I got in because it held VWAP I realized it was a huge drop and not a pullback. Shortly after the entry I got stopped out. The second setup was a descending wedge play. On the 1 minute it made a triple bottom and I got in when it touched that the 3rd time. After I got in I saw there the 50 SMA on the 5 minute and the 9 EMA coming up on the 15 minute chart, so it was not a really a great short setup. I managed to get out at break even before it squeezed up. SRPT SRPT was gapping up on the daily chart and bullish on all the charts. Took a long position at the 3rd touch on the wedge with a stop below the previous candles. It did move in my direction, but not enough for me to take a partial. Eventually got stopped out on a big squeeze. HPQ Descending wedge on this one. Again, down trending on all the time frames and below all the moving averages. Unfortunately didn’t work out and stpped me out. Later this day it made the move I was looking for. Not really a good day. Not happy with my trades on AAPL. It messed my psychology a little bit up. The other two trades were okay but also not the best setups. Had 3 losers in a row so had to stop trading for the day.
  7. 2 October 2019 ETFC After the market was open for 30 minutes I was seeing a ascending wedge pattern on the 1 minute chart. Another bullish signs for me were: A hammer on the 15 minute chart and a false VWAP breakout. I took the first partial around HOD and the second partial at the previous day close. At that point I had around 15% left of my total position. The rest I got stopped out at break even. Had a really nice one and done trade today on EFTC. With this trade I made just under 3R. Because 3R is my daily goal I decided to stop trading for the day.
  8. 1 October 2019 AAPL AAPL was on a big gap up today. All the charts looked very bullish and when I saw it was holding the VWAP and all the moving averages in the first two minutes. It bounced I decided to take it long with a stoploss below VWAP and the previous candle. Turned out to be a very good trade with a decent profit. X My second trade was on X. Again a harmonious chart, up trending on all the time frames and no resistance ahead. I entered it long when it broke out of the 10 minute range and the break of the flat wedge. Worked out well, so took partials along the way up. Stopped the rest out at B/E Ended this day green with a profit of 3,5R. I wish I have days like these more often.
  9. 30 September 2019 MU in the late morning I saw MU had started a downtrend. On all time frames it was trending down and bottoming out on a descending wedge. I took it short after it touches 3 times the flat bottom for a ride to LOD. It squeezed u and got stopped out above the 20 EMA on the 1 minute ROKU I took a 5 minte opening range breakdown on ROKU after it engulfed on the 5 minute. I placed my stop above VWAP. The daily chart was looking good for this short. It was a harmonious chart below all the moving averages. Unfortunately the trade didn’t work out and stopped me out. WFC Trade 1 Took a descending wedge on this one. Very clear triangle patter with a bottom on a daily level. Took it on the right on the breakdown and partialed at a daily level. It dropped some more but then quickly got bought back up and got out at break even WFC Trade 2 Very nice ascending wedge on this one. It formed a bullish hammer on the 15 minute chart and entered on a new 5 min and 15 min high. In this trade something went wrong with my hotkey. After I got in I saw I had very little size, so I didn’t take any partials since it was too little profit. If had I normal size it would have been at least a 3:1. JD Another descending wedge on JD. Harmonious chart and down trending on all the time frames. I stayed a while in this one since it chopping around my entry. Eventually I got stopped out above the 9 EMA on the 5 minute chart. It was a vey choppy day today. My position sizing was at some trades not on point. Ended the day with -1.5R
  10. 27 September 2019 MU trade 1 Mu had today a bad earnings report so I was short bias on it. On the forst minute it opened very weak. On the second minute it pulled back to VWAP and saw it was holding that. On the way down I took it short for a 1 minute opening range breakdown. It did drop, I locked some profits in at 1:1 and got the rest out at B/E. LVS Trade 1 This was on V opening range breakout. On the 1 minute I was seeing a V pattern. I got in on the 5 minute opening range breakout. My first target was the moving average on the daily chart. It almost touched that, but then dropped below VWAP and got out of the trade. LVS Trade 2 This was a unnecessary trade. Not a clear setup visible. Not really clear triangle shape and not touches to the penny. Shouldn’t have taken this trade. MU trade 2 I made another trade on MU. Everything on the charts was telling me to go short. All the timeframes were in a downtrend, the price action was on all time frames below the moving averages, It was forming a descending wedge on the 1 minute chart with 3 touches to the penny and was also a 15 minute opening range breakdown. I really liked this one. WFC trade 1 This a good setup. All kinds of bullish signs were visible on the charts: All charts trending up, Wedge forming on the 1 and 5 minute chart, bullish hammer on the 5 minute chart, price action above all the moving averages (harmonious chart). These were enough reasons for me to go long on the 10 minute opening range breakout. Don’t really know anymore where I’ve put my stoploss. WFC Trade 2 Was really long bias on WFC after it touched VWAP 2 times. I went long on a not so clear ascending wedge pattern. After reviewing it I realized it was more like a chop area and consolidation period. Took 1 unneccesary trade on LVS and a chop trade on WFC today. Still ended the +2R
  11. 26 September 2019 SQ SQ opened strong in the first 5 minutes. After that it dropped quick below VWAP. It was consolidating on the 1 minute below all the moving averages to a descending wedge. Other signals for me to go short were a engulfing candle on the 5 minute chart and a 10 minute opening range breakdown. I got in under the whole dollar of 60. After that it popped above the moving average, where my stop was. After that pop it dropped again and re entered with a stop above VWAP. Unfortunately it did stop me out. I think the reason this trade didn’t work out because there were to many moving averages on the charts, which acted as support (On the 5, 14 and daily chart). ROKU My other trade was on ROKU. It was down trending on all the charts with no support to the downside. At a point it was forming a small descending wedge and took it short on the 3rd touch of the flat bottom. It did drop a little bit, but then popped back up to VWAP and stopped me out. At this point I’ve had three losing trades in a row, so I had to stop trading.
  12. Good to hear some good feedback on these trades, thanks for that! I watched Thor/Aiman's too. I know that I am most of the times not taking the best triangles. Often those are not wedges flat to the penny or they don't have enough touches to the flat side. So that is a point I have to work on. Happy to hear that the first two trades were good setups, but not the best execution.
  13. 25 September 2019 PM The stock was gapping up on the daily chart. It popped up in the first minute and looked really strong. On a pullback in the second minute I saw it holding the moving averages and decided to take it long for a break of high of the day. It consolidated for a couple minutes and dropped below VWAP and stopped me out. NKE I played a V pattern opening range breakdown on Nike. It was strong in the first minutes but then dropped hard. It engulfed on the 5 minute and entered on the breakdown of the previous 5 minute candle. After I got in I realized I was shorting into a lot of support. On all the time frames there were moving averages in the way and Nike was also on a strong gap up on the daily chart. 2 minutes after I got in it popped above VWAP and stopped me out. MDCO Did two trades on this ticker. The first one was a descending wedge. It dropped fast below VWAP. After that is was consolidating to the downside below VWAP. I Took it short for a bearish continuation but it didn’t do what I hoped for. The second setup was an ascending wedge. This was like the opposite of the first play on MDCO. A strong pop above VWAP, and bullish consolidating after that. It made also a hammer on the 15 minute chart by then. I do not regret taking this trade. After I stopped out it did the move I was looking for. Currently in a really bad period now. I keep taking bad setups. At the time of taking the trade I think it is a good idea, but when I look at after I got in and it goes against me I realize the setup is not that great. Ended today with -4R. this means I also broke a rule today. My rule is that when I have 3 losing trades in a row, or down -3R I have to quit trading for the day. So another bad day in the books. I’ll keep working hard and will figure this thing out. Right now I am losing pretty consistent If you guys have any tips for me let me know! Tomorrow I am not going to trade in the first 10 minutes. It seems I always lose in that first couple of minutes.
  14. Thanks Mike. I don't have problems with respecting my rules. My problem is that I'm suffering from FOMO. Often I take setups that haven't developed the clear charts I want to take. Most of the the I enter the trade too early or sometimes too late. My entries are the thing I'm really struggling with. I need to work on waiting for the A setups and not having FOMO
  15. 24 September 2019 SNAP SNAP was forming a ascending wedge at VWAP. Once it broke this wedge I took it look. My stoploss on this setup was a new 5 minute low. It formed a 15 minute hammer, which is a bullish sign. WYNN After the first 5 minutes WYNN had formed a ascending wedge. When it roke out the wedge and the 5 minute opening range I entered a long position. It did pop up, but not enough to hit my profit target. It stopped me out below VWAP. NFLX I saw Netflix was on a bearish harmonious chart. The first enter was not too great. It hadn’t formed a clear wedge with a flat bottom. I was having fomo that it would drop without me. 3 minutes later it made a better triangle pattern and add to my position. It did break the wedge, but then got bought back up and stopped me out. I’ve had 3 losers in a row, which led to hit my max loss. I quit trading for the rest of the day.
  16. 23 September 2019 EXAS Trade 1 The first trade of the day was on EXAS. It was a harmonious chart play. On the first two minute it made a significant move up. I waited for a pullback to enter for a long position. It did pull back to VWAP and I hit my hotkey. My stoploss was below the three moving averages. Unfortunately it didn’t work out. CHWY This was my V shape opening range breakout pattern. It was forming a V shape on the 1 minute chart and it engulfed on the 5 minute. My entry was a little bit late. It should have been right when it broke the 5 minute body and the break of VWAP. My stoploss was below the moving averages. Partialed out some at 1:1R and got the rest out below VWAP. ROKU This was a bad version of a ascending wedge. There was no clear triangle forming on the minute. It made 3 touches to the top which made me long biased. There was also a moving average coming up on the chart. I should have exited this trade earlier, when it made a new 5 minute low. Not really happy with this trade EXAS Trade 2 I made another trade on EXAS. This setup was a ascending wedge. It was on a uptrend on all the time frames. It was flattening out at VWAP and once it broke that level I went long. Put my stoploss for the break of the triangle. NFLX This was the trade of the day. Bearish Harmonious chart was forming on all the time frames. I got in at the break of the flat bottom of the wedge. About 10 minutes later I saw it was forming another descending wedge and added to my position. I started partialing along the way down on levels of whole dollars and daily levels. This trade brought me back into the green for the day. I had a realized 4R on this trade. Ended the day around +1R.
  17. 19 september 2019 X trade 1 My first trade was on $X. I am trying out a new strategy. It is a 5 minute opening range breakout in combination with a V pattern move on the 1 minute. I see this move happen regularly. Gave this a shot and took a partial at 1:1 on a daily level. After that it squeezed up and got stopped out break even by the penny. Otherwise it would have been a nice 2:1 move. X trade 2 I made another trade on X, a descending wedge play. Now after reviewing it I realized it was not a good trade. On all the time frames were actually bullish signs instead of bearish signs. It had 5 higher highs on the 1 minute, on the 5 minute it engulfed and on the 15 minute it had formed a hammer. WLL I made another descending wedge trade on WLL. This stock was trending down the whole hour. I entered on a new 5 minute low. Not a bad setup, but unfortunately got an unlucky stop out by the penny. Otherwise it would have been really good move. Still happy I took this trade. MSFT Played a ascending wedge here. The same case as X trade 2 here. After reviewing it I realized it showed some bearish signs. It did move in my way, but was going for the HOD and it didn’t touch that. Not the best setup on MSFT. Ended this day with -2.5R. I’m down -4.5R now on the month.
  18. Today got a little bit late home from work. But it didn’t got me stressed and prepared well for trading. Trades OSTK The stock was gapping down on the daily chart. In the first minutes of the opening it formed a flat bottom on the 1 minute chart. I saw it was down trending on all the time frames and under all the moving averages (harmonious chart). I got in when the 5 minute opening range breakdown occurred. On the way down it found another flat wedge bottom. I wanted to partial but got accidently got all out. At the time I saw it was forming another wedge I re-entered and took a partial at the daily level of 16. The rest I got out at a squeeze above break down. This was a awesome setup. This moves should happen every day. MU trade 1 Tis trade was a descending wedge play in combination with a 10 minute ORBD. I did partial early in this trade (not even 1:1). Because it had already made a big move. My original target was the daily level at 49.93 but it never touched it and got out above the 20 EMA on the 1 minute chart. MU trade 2 At this point I saw that MU was down trending on the 1, 5 and 15 minute chart. I got in at the second touch of the wedge (should have been the third). It dropped a little bit but got bought up quickly after the drops. I didn’t like the price action and got out at break even. CHWY CHWY gapped down on the daily chart. On the 1 minute it did a false VWAP breakout. On the 5 minute it did kind of a reversed ABCD. And it was forming a descending wedge below VWAP and all the moving averages. I was happy with this trade, but it unfortunately didn’t work out. ADBE This wasn’t a wedge play. It looked like a false VWAP breakout. The stock also engulfed on the 5 minute. I decided to take it short below VWAP and under all the ma’s. my target here was LOD and my stop was the break of VWAP and the 20 EMA. ROKU ROKU was making a reversed ABCD on the 15 minute chart. On the 1 minute it made a descending wedge and on the 5 minute it had started a downtrend. My entry was at the flat bottom of the wedge, wich was also a new 5 minute and 15 minute new low. After a couple minutes it made a huge drop and covered along the way down. This was a great setup. Today I ended at daily goal. My winning trades on OSTK an ROKU were awesome plays. I managed my risk well on the other trades which got at +3R. Finally after a 6 day losing streak a good day in the books.
  19. Tuesday 17 September 2019 Was in a good mood today and felt ready to trade. Trades KHC This was a harmoniuos chart play. On the daily it was gapping down and on the 15 minute chart on a downtrend. It opened below all the moving averages. It popped above the moving averages it didn't close above them. on the way back down I entered short with a stop above the premarket level of 28.62. This was not really a good R:R trade. Once it was consolidatiing I changed my stop to the break of 28.5, which was also the break of VWAP. WLL 1 This was a descending wedge in combination with a opening range breakdown. I put my stop above the previous 1 minute wicks, which gave me a good R:R. I partialed along the way down at significant levels and made 2R out of this trade. WLL 2 Once WLL found a bottom it was starting an uptrend. I saw it making a ascending wedge wedge a took this as a reversal play. It did pop a little bit, but shortly after that dropped down and stopped me out. GLW 1 My first trade on GLW was a descending wedge. On this one I got a very bad fill. the second i clicked short hotkey it dropped down and got a horrible fill. after I entered I realised I shorted it into support levels and got to the conclusion it wasn't a good trade. the next minute I got stopped out GLW 2 This was a good play. Had the correct entry on this one. No resistance levels coming up and above all the moving averages. Took profits on the way up and got the remainung shares out at break even. AAPL Not a really good play. Entered too early (must have 3 touches to the flat bottom of the edge before entering). And realised I shorted into support. SNAP 17 Sep My last trade was on SNAP. Very bad trade, it was chop around VWAP and no clear setup was visible. Ended the day with -0,5R. Still taking not the best setups, I'll have to work on that.
  20. Thanks Rob! very valuable information.
  21. Monday 16 september Another max loss day having a hard time a this moment. on a 5 day losing streak and feeling like I can't figure this trading thing out. Trades for the day ROKU It opened very strong and made a big bullish move. around 9:37 till 9:40 it dormed a flat top and on the 4th touch of this top I decided to take it long for the break of high of the day. After I got in it dropped and my stop got triggered. After that drop it got bought up back quickly and got back in. It did break the high of the day but it didn't my target which was 152,75. AIMT The trade I played on AIMT was a decending wedge. It was in a clear down trend on all the time frames and took it short on the third touch of the wedge. It wasn't a clear flat bottom wedge so maybe I shouldn't have taken it. After I got in all the shorts got squeezed, including me. This was another max loss day of -3R
  22. Thursday 12 September and friday 13 september These days were also losing days. Last week I've been very busy regarding work. Because of this i've had no time to journal on these days. on thursday I ended the day with minus 0,5R and friday with minus 1R
  23. Wednesday 11th September 2019 AAPL 11 Sep the stock was gapping up on the daily chart. At the open it made a significant move up. On all timeframes it was on a uptrend (also a harmonious chart). Around 220 it was struggling and formed a ascending triangle. I decided to take it long when it broke the wedge. It did move in my way but unfortunately didn’t hit my target and got out at break even. It was a good trade but it didn’t work out as I hoped. ROKU Trade 1 11 Sep After the first 8 minutes ROKU was stuck at a daily level. I think I took long on the wrong moment the top of the wedge should have been the upper levels. It had already broken out of the wedge I was looking at 2 times, but quickly dropped back down. If I had taken this I would have had to wait for the third touch at the top. ROKU Trade 2 11 Sep Roku was fighting the 50 SMA resistance level on the 5 minute here. It didn’t made a really clear wedge, but as soon as it broke this level I went long. It turned out to be a false break out and got stopped out below the 9 EMA on the 1 minute chart. This was not a great trade because the wedge wasn’t forming at a specific price level. T 11 Sep I took 2 trades on this stock. Both were losers on this. The first one was a ascending wedge. The was not a specific price were it was stuck. Because of this I shouldn’t have taken this trade. It must have a flat top on the wedge. The second trade was a short on a descending wedge. This setup was a little bit better but still not great. I was waiting for it to drop below VWAP. It squeezed all the shorts got me stopped out. The entry was not too bad since it was also a new 15 minute low. RH 11 Sep Now this was a good setup. On the 1, 5 and 15 minute it was forming a wedge. It was strong on the daily chart and above all the moving averages. Before I got in it made a little hammer and decided to set my stop below the wick of the candle, which was also a break of the 20 EMA. I took some profits at the daily level of 164.32. after that it dropped back to my entry and sold the rest at B/E. after that I moved up a lot more. MU 11 Sep Took 2 trades on this one. Not a great setup. There was not a clear direction the stock was going to. I took 2 stabs on this. The first time got stopped out almost immediately, the second time it dropped to VWAP and then stopped me out. There were may levels on the downside to break through, so it must have been really weak for me to work out. Ended the day with -3R which is my max loss
  24. September 10th 2019 Trades of the day The first trade of the day was on $F. The first minute the market was open it made a strong bullish move. after that one minute it dropped below VWAP and the moving averages. It formed a flat bottom and on the third touch of the flat bottom I went short with a stoploss above the 9 and 20 EMA. The stock had not a high ATR so I think I shouldn't have traded it. when it came back to my entry point it squeezed and had to cover at a higher price than my original stop was. The second trade was on $ACAD. This stock had a very strong open. At some point I saw it forming a kind of a wedge and went long with a stoploss below the 9 EMA. my target was the daily level at 41.28. I had set a limit order on 41.27 and unfortunately it didn't touch it by a penny. After it came to this level it dropped significant and decided to get out at B/E. My third trade was on $ROKU. It was forming a wedge below VWAP and all the moving averages. It was downtrending on every time frame, but unfortunately it did'nt work out. Although I am still glad I took this trade. My fourth trade was on $AAPL. Not so happy with this trade. It was not froming a really clear wedge and there was alot of resistance to break through on all the time frames. It did a false VWAP breakdown so I thought it might continue to the upside. The last trade was again on $ROKU. Not the best setup, but also not too bad. It was on a downtrend on the 15 minute chart. on the 5 minute chart was not a clear trend visible. It made a small descending wedge on the 1 minute chart and took it short. It made a small drop but then quickly got bought back up and got me stopped out. I ended the day with -3R and stopped trading, because this is a rule I have. This day could have been better. Every trade was a loser, although I am not unhappy with all trades. the first trade on ROKU and the trade on ACAD were good setups. The other trades were not A+ setups for me, so not to happy with those ones. Working on taking more clear setups tomorrow.
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