Glenn Budde 356 Posted December 6, 2019 (edited) 12-06-19 AIS 0755, 5 hrs, 6/10 PAT: Spread..... A setups ...... Notes: Careful after a couple small losses to not over trade, opportunity will present itself....... BIG Reason2Trade..... On Scanners.... RVOL at time of trade 60.0.... Dividend announcement.... PB#2...... A setup.... 1/2 size ..... After review this was a bad setup, maybe a B at best.... did not have an ABCD and the Wick on prev candle was too large.... I stopped out when the as price action was changing on me very early..... My original stop was below VWAP to which I would have been stopped out at 0945 for a larger loss anyway..... I only wish I would have kept this on my watch and reentered at 0948.... -.5R AUPH Reason2Trade.... 2nd day play.... RVOL at time of trade 1.75.... PB#2...... A+ setup.....full size..... Made an ABCD on the 1 and 2min which I jumped the gun on (If I would have stuck to my plan I would not have been in this trade as it never confirmed the ABCD on the 2min)...... stop loss was below VWAP and target was 15.45 PMH...... I stopped early with price action change.... .5R CLVS Reason2Trade.... previous in play .... RVOL at time of trade 4.0 PB#3...... A setup.... 1/2 size..... My entry had a .04 slip and my stop slipped .13 which destroyed my 1/2 size....... Trending the 9ema on the 2min and no new low on 5 or 15min..... no ABCD...... -1R Cons: In on BIG and AUPH without confirmation, Pulling the trigger a little too early... Pros: Got out on BIG and AUPH early with price action.... Fav. Trade: CLVS Notes: CLVS was the only trade I am happy with and I may end the week here.... Rs: -2R Edited December 8, 2019 by Glenn Budde 1 Share this post Link to post Share on other sites
Glenn Budde 356 Posted December 8, 2019 Week 12-02 to 12-06-19 What I did Bad this week: Took trades after I was up to goal Jumped the gun on 3 trades for the week Took too many partials on 1 trade Did not Flip position when everything was telling me to on 1 trade Over traded on 1 day What I did Good this week: Did not hesitate on all but one setup for the week Realizing that when I am searching for too long that I start to fabricate trades to take Got out early on 2 trades on price action changes and both would have stopped me out for a larger loss Changes to be made the upcoming week: None Rules to stick by this upcoming week: After I call it a day by either MAX Loss, Profit Target or what I am comfortable with, only use the rest of the day for Chat, Journal, Playbook ect. In-Trade and Daily Stops Only A or better setups Do Not chase or revenge trade Challenges for myself this upcoming week: No Voice Chat before 1000 Max of 3 trades or 2 loosing trades in a row before 1100 Take a planned break at 1100 for other Bus. Read the sticky before each trade Goals and Rewards: +20R at end of month to consider trading with more size 1 Share this post Link to post Share on other sites
Glenn Budde 356 Posted December 9, 2019 (edited) 12-09-19 AIS 0805, 4 hrs, 6/10 PAT: Spread.... A setups or better.... No chasing or revenge..... Notes: Max of 3 trades or 2 loosing trades in a row before 1100 CGC M CLVS Ill be back.... Time for Anniversary Brunch.. Cons: Pros: Fav. Trade: Notes: Rs: +3 Edited December 10, 2019 by Glenn Budde Share this post Link to post Share on other sites
Glenn Budde 356 Posted December 10, 2019 12-10-19 AIS 0805, 4 hrs, 5.8/10 PAT: Spread...... A or better..... Notes: Allowing for pre 5min trading with smaller size..... SFIX Without much time again today I traded SFIX very early -1R CLVS VWAP and Trend plays -1R AMD PB#3 very little profit TVIX on the spy dump for an opportunity trade +3R Cons: Over traded today.... Pros: respected all rules... Playbook Trade: none... Notes: Rs: +1R 3 Share this post Link to post Share on other sites
Rob C 826 Posted December 10, 2019 Nice TVIX play. Your braver than me. I don't have the courage to try trading it. Share this post Link to post Share on other sites
Glenn Budde 356 Posted December 11, 2019 20 hours ago, Rob C said: Nice TVIX play. Your braver than me. I don't have the courage to try trading it. THX I almost ditched it.... had two losers in a row but when I went back to look in SIM I was right at 60% including the last two losers and the winners were big..... Share this post Link to post Share on other sites
Glenn Budde 356 Posted December 11, 2019 12-11-19 AIS 0850, 4 hrs, 7/10 (slept in about 1/2 hour..... Late long night at work..... Im a little anxious..... PAT: Over-trading.... Notes: Allowing for pre 5min trading with smaller size..... Did not leave time for exercise or meditation.... Careful... AEO PB#2...... A setup.... Took this short on the gap down.... it broke up past VWAP then back down below VWAP where I entered.... unfortunately it did go back up stopping me out..... stop below VWAP and target at 14.31 -1R GME 2 trades A setup on both first PB#2...... took it long on the higher green entry and stopped out below VWAP with a target of PM level of 5.68 -2R second PB#2...... came back through VWAP again and this time there were more ASKs stacking.... with a better R/R and same stop and target..... +5R Cons: Jumping in on the pre 1min candle was probably not a good idea.... Pros: Felt good about the pre 5min VWAP momentum trades Playbook Trade: GME Notes: Will entertain a later day setup if it presents itself.... If it is not very clear I will be done..... Rs: +2R 1 Share this post Link to post Share on other sites
Glenn Budde 356 Posted December 12, 2019 12-12-19 AIS 0830, 4.5 hrs, 6/10 PAT: Wait 1 min..... Spread..... Notes: Manage trades reading the price action.... NUGT PB#1.1...... 2min ORB.... using LVL2 ASKs as the trade..... I did not record this one but I did the AMD...... Gold was up today putting it in play...... I took this scalp on only LVL2 and T&S price action and it was also bullish on the 2min ORB..... entry at 30.50, Stop loss below prev. candle 30.45 and target was 30.68..... took partials at LVL2 ASKs hit.... and all out when BIDs were coming in and the T&S tapered off +.66R AMD LVL2 Momentum Trade...... I did record this (saved as 12-12-19 AMD LVL2 Momentum)...... The first stab I probably should have waited for that small pull back but I did get right back in.... I also only took 100 shares on this one.... the second attempt was with more confidence and confirmation so I took 200....... My risk was very tight as I was trading off the LVL2 and T&S...... and my targets were staggered with the LVL2 action but my main Target was 40.20...... Partials were taken at all the different LVL2 large ASKs being hit.... I added on with a large ASK at 40.00...... and all out when LVL2 was exhausted and T&S was petering out.... +4R Cons: could have waited for the pull back on AMD... Pros: Took the trades as soon as they presented itself... Playbook Trade: AMD Momentum.... Notes: I will try to continue these momentum trades as this is where I did do well in the past in SIM.... Rs: +4.6R Share this post Link to post Share on other sites
Rob C 826 Posted December 12, 2019 (edited) 2 hours ago, Glenn Budde said: 1 AMD LVL2 Momentum Trade...... I did record this (saved as 12-12-19 AMD LVL2 Momentum)...... The first stab I probably should have waited for that small pull back but I did get right back in.... I also only took 100 shares on this one.... the second attempt was with more confidence and confirmation so I took 200....... My risk was very tight as I was trading off the LVL2 and T&S...... and my targets were staggered with the LVL2 action but my main Target was 40.20...... Partials were taken at all the different LVL2 large ASKs being hit.... I added on with a large ASK at 40.00...... and all out when LVL2 was exhausted and T&S was petering out.... +4R Great AMD trade. Do you record your trades? Would you have a screen cap of the L2 signals? I am curious what an AMD L2 signal looks like. I find AMDs L2 too busy for me to see clear signals. Thx Edited December 12, 2019 by Rob C Share this post Link to post Share on other sites
Glenn Budde 356 Posted December 12, 2019 3 hours ago, Rob C said: Great AMD trade. Do you record your trades? Would you have a screen cap of the L2 signals? I am curious what an AMD L2 signal looks like. I find AMDs L2 too busy for me to see clear signals. Thx The trade was just under 25min and over 300 MB ..... not sure I can send it to you..... but Ill try to upload it ..... It is silent but I was using my mouse to show what I was looking at..... The first entry was a little late and I did not have an ABCD pattern like I did on the second entry..... I should not have let it scare me out and the second entry should have been an add on.... but Ill keep learning..... If I can not get it to upload Ill go back and take some screen shots.... 1 Share this post Link to post Share on other sites
Glenn Budde 356 Posted December 12, 2019 4 hours ago, Rob C said: Great AMD trade. Do you record your trades? Would you have a screen cap of the L2 signals? I am curious what an AMD L2 signal looks like. I find AMDs L2 too busy for me to see clear signals. Thx I am looking for blocks of 80 or more and in a ladder to a much bigger move....... I felt like it was gonna blow through .80 with the T&S printing .79 on the ASKs and once it breaks .80 there was a ladder to 40.00..... and on the BID side there are a few orders over 100 at .70 but no type of ladder to get to them..... As it approaches 40.00 the ASKs keep stacking below it and the BIDs are disappearing.... I was feeling like I need a partial here because the next large ASK was at .05 so it could slow up..... Once it got past 40.00 it pulled back as expected, made a nice ABCD and gave me a signal to increase size...... I took another Partail just above 40.00 with a little slow down of action but it soon came back..... Once it got past .05 the ASKs stacked back up in 5 cent or less ladder all the way to .35 and beyond..... I got all out once the ASKs were exhausted..... Hope this helps explain my thoughts through the trade..... 1 Share this post Link to post Share on other sites
Rob C 826 Posted December 13, 2019 Thanks for the screen caps and explanation, much appreciated. First that was a really nice pendant that was formed and it just broke when of your levels. Would you have taken the trade without the L2 signal? Is the L2 signal a plus on AMD or a must? I got chopped up on AMD so much I never have it on my watch list anymore It's really something to see a 80k ask stay on the L2 for over a minute. Is your T/S smaller window filtering 2k and larger? Is 2k significant on AMD? May I ask who your broker is? I have Centerpoint and your L2 looks much deeper than mine. There are 3 levels of L2 data from Centerpoint and I am paying for the deepest and most expensive and it doesn't look nearly as deep as yours. Thanks again. Share this post Link to post Share on other sites
Glenn Budde 356 Posted December 13, 2019 (edited) 12-13-19 AIS 0843, 6hrs, 6/10, PAT: Spread..... A or better..... Notes: Do not hesitate but also do not jump the gun.... AQST PB#6.... first attempt so I kept my risk very low..... on the third min. it broke above VWAP an as soon as it came back through I had an order sitting at 5.47 as this was on SSR... L2 also started showing some nice BIDs in a ladder...... My stop was tight above VWAP and target was low of day... +1.3R CIEN PB#3.... Trending the 9ema on the 1 and 2min and making a nice ABCD on both, touching the 9ema on the 1min..... in as soon as it made a new 2min high..... stop was below C, the previous two candles on the 2min and ultimate target was a daily level of 44.41,....as soon as it got to the L2 prices at .87 the price action changed..... it chopped for a couple min. and BIDs started showing up giving me a Reason2Exit.... -.6R MU Took two stabs at MU Long and one Reversal...... The first and second I took with a trend above the 9ema and L2 was giving some light signals.... one of the things I have been noticing is that MU will often have some nice L2 signals and when the action approaches them they are pulled.... both were either partialed or stopped early with this information..... the Short was taken on the same L2 but BIDs this time... I was off looking at other tickers when it was at the 51.20 area and I missed some good partials..... the last red green was an all out.... I accidentally hit sell position instead of cover..... +1.6R AMD These two AMD trades were taken as possible trend trades... the first one I was stopped out of the ABCD pattern... the second one I took 1/2 of the first and I added in once I seen that the T&S didnt want to let it go past .45 and the L2 started to pick up.... Took partials and all out at BE..... -.3R Cons: Over traded..... Hit a buy key on mistake Pros: Saved money on following the L2 and T&S getting out early on the changes..... Playbook Trade: AQST Notes: Slept in today and was a bit rushed in the premarket.... Rs: + 2R Edited December 14, 2019 by Glenn Budde 1 Share this post Link to post Share on other sites
Glenn Budde 356 Posted December 13, 2019 13 hours ago, Rob C said: Thanks for the screen caps and explanation, much appreciated. First that was a really nice pendant that was formed and it just broke when of your levels. Would you have taken the trade without the L2 signal? Is the L2 signal a plus on AMD or a must? I got chopped up on AMD so much I never have it on my watch list anymore It's really something to see a 80k ask stay on the L2 for over a minute. Is your T/S smaller window filtering 2k and larger? Is 2k significant on AMD? May I ask who your broker is? I have Centerpoint and your L2 looks much deeper than mine. There are 3 levels of L2 data from Centerpoint and I am paying for the deepest and most expensive and it doesn't look nearly as deep as yours. Thanks again. So for the last month patterns by themselves do not seem to work on AMD.... Even with LVL2 it is tricky...... Yes the smaller T&S window is 2K and above..... I use this to see if there is a large seller/buyer at the same price for a period of time and if it coincides with the LVL2..... I use CMEG...... try going into LVL2 Configure.... I went up on my Tiers.... Share this post Link to post Share on other sites
Rob C 826 Posted December 13, 2019 2 hours ago, Glenn Budde said: I use CMEG...... try going into LVL2 Configure.... I went up on my Tiers.... Yes, Carlos by chance posted his L2 config window and I saw how small my tiers were set. It looks much better now. Thx. 1 Share this post Link to post Share on other sites
