Thunder dome

[Michael Sanchez 53]

On 1/31/2021 at 3:52 AM, Adam Lewis said:

Superb trade! The 9EMA on the 1 minute chart is a great tool to help find entry points in the first 30 mins of trading.

I agree!! Thank you very much Adam

[Michael Sanchez 53]

 

Edited February 1, 2021 by Michael Sanchez

[Michael Sanchez 53]

[MattfromNZ 55]

I'll share my best trade today. I nailed the entry. This was a 5min ORB on INO. $20 risk, +$86.65.

[MattfromNZ 55]

3 hours ago, Michael Sanchez said:

Nice trades man! I traded the same ones but took them both as 5min ORB's, but yes there are some very strong ABCD patterns on both as well. 

[MattfromNZ 55]

On 2/1/2021 at 9:42 AM, Michael Sanchez said:

 

Dude the XPEV trade looks awesome! The AG entry would have made me a little nervous as there is enough funky stuff going on with that chart to make me worried, but you came out green!

[Michael Sanchez 53]

4 hours ago, MattfromNZ said:

I'll share my best trade today. I nailed the entry. This was a 5min ORB on INO. $20 risk, +$86.65.

Awesome trade man!! This is going to be the trade of the day  . Clean entry and great partials!

[Michael Sanchez 53]

3 hours ago, MattfromNZ said:

Nice trades man! I traded the same ones but took them both as 5min ORB's, but yes there are some very strong ABCD patterns on both as well. 

Thank you very much. Yes, your trade looks immaculate!!!! 

[Michael Sanchez 53]

5 hours ago, MattfromNZ said:

Dude the XPEV trade looks awesome! The AG entry would have made me a little nervous as there is enough funky stuff going on with that chart to make me worried, but you came out green!

I agree the consolidation was very concerning but once it broke the support line I became a little more confident in the trade .

[Adam Lewis 64]

19 hours ago, MattfromNZ said:

I'll share my best trade today. I nailed the entry. This was a 5min ORB on INO. $20 risk, +$86.65.

This is picture perfect mate! Great trade and well done, this is professional grade stuff!

[Adam Lewis 64]

On 2/1/2021 at 11:42 PM, Michael Sanchez said:

 

Mate you're nailing these ABCD shorts! The 9EMA entry again, really good stuff. Reckon you'll be partialing soon? 

[Michael Sanchez 53]

3 hours ago, Adam Lewis said:

Mate you're nailing these ABCD shorts! The 9EMA entry again, really good stuff. Reckon you'll be partialing soon? 

Thank you boss!! I appreciate the encouragement. As much as I want to partial, I do not think I will be doing it anytime soon. I can not control myself when I partial  I just turn my trade into a Christmas tree.

[MattfromNZ 55]

This will be my last proper trading day for a while as I have to go back to work for 3 weeks. I will still try and trade some 5min ORBs but that will be it. I had one of my best days ever today: it was profitable sure, but the reason I feel so good about it was I felt like I had self control. I made the least amount of trades of any day so far (4) and I didn't jump into anything that I shouldn't have. SPCE was my winning trade of the day, $20 risk, +$81.20:

.

TLRY was on my watchlist. I missed the move up, but entered for head and shoulders reversal. I don't have a well defined strategy for head and shoulders, but I treat my entries the same as I would for the mountain pass strategy as it is very similar. I then did a VWAP reversal trade. I would have got my 2R on it if I had held through the pullback, but I just didn't feel confident about it. First Trade: $20 risk, +$56.91, Second trade: $20 risk, break even.

And here is my losing trade for the day. 5min ORB, INO $20 risk, -$20:

[Michael Sanchez 53]

6 minutes ago, MattfromNZ said:

This will be my last proper trading day for a while as I have to go back to work for 3 weeks. I will still try and trade some 5min ORBs but that will be it. I had one of my best days ever today: it was profitable sure, but the reason I feel so good about it was I felt like I had self control. I made the least amount of trades of any day so far (4) and I didn't jump into anything that I shouldn't have. SPCE was my winning trade of the day, $20 risk, +$81.20:

.

TLRY was on my watchlist. I missed the move up, but entered for head and shoulders reversal. I don't have a well defined strategy for head and shoulders, but I treat my entries the same as I would for the mountain pass strategy as it is very similar. I then did a VWAP reversal trade. I would have got my 2R on it if I had held through the pullback, but I just didn't feel confident about it. First Trade: $20 risk, +$56.91, Second trade: $20 risk, break even.

And here is my losing trade for the day. 5min ORB, INO $20 risk, -$20:

Amazing trades man!! I really enjoyed your head and shoulders trade because I do not see that pattern and your entry was perfect. I also liked how you were patient with the setup. The ABCD pattern was great! I am glad that you took advantage of the whole move!

[Adam Lewis 64]

Great work today Matt, you've got some really good, disciplined trading going on here. I know you're working hard to log your trades. Are you also tracking the time of day that your trades happen, and the length of time you're in the position? From what I see some of your best trading seems to happen later in the day, after the open, and your positions remain in place for some time. We've spoken before about how the trading day seems to move through phases. I wonder if your data will expose a preference for a later, more stable phase?