ROKU Trade on Jun 4, 2019 09:31 from PriceActionBarByBar: Tradervue User Stock Trades.

Bull Flag
JE
ROKU
June 4, 2019

Big Picture
Overall Market was Bearish but coming into strong support
Sector was Bearish
Corresponding stocks were also Bearish

Intraday Fundamentals
No News Catalyst
ATR: 4.38
RVOL: .57
Price Range 89-92
Short Float: 11.66%
Avg. Volume 13.51M

Technical Analysis – Long Term
Bull flag forming on daily chart with 92.50 resistance.

Technical Analysis – Midterm
ROKU ended with a micro-wedge bull flag and reversal bar on the 15 minute chart.

Technical Analysis – Short Term
The session began with the spike up out of the bull flag that ended the prior session, the open was a spike and channel and the total range of the open was only 1/3 of the entire daily range, which put me on alert that ROKU was in breakout mode with increased probabilities that the breakout will be to the upside due to the original spike and ROKU stayed above the moving average the entire open.

Reading the Tape
Noticed the big buy orders being lifted quickly at supports

Trade Management
The first trade after 1pm came after a bull flag and the signal bar was a bull reversal bar, where I entered a Tier 1 trade one tick above its high, another reversal bar was put in two bars later, reversing the prior bar and I added, Tier 2 one tick above its high, ROKU broke out above that reversal bar to a new high, where I added Tier 3 on the pullback, all against the original stop, with profit target of 93.70 (next prior high of day)

Trade Review
The thing that can be done better would have been to trading from one time frame, when I added Tier 3, it was from the one minute, and if I would have stayed with the five minute chart, I would have entered Tier 3 at or below my avg price. Also upon entering my Tier 2 trade, I made an error on quantity size due to the glitch and got out on breakeven on the additional size. The original entry for this trade should have been a Tier 1 on a stop order one tick above the 10:25am reversal bar, Tier 2 should have been added on the high of the next bull bar and Tier 3 on the next and this should have been a Trade2Hold until it gave me a Reason2Sell.
My first trade of the day was a planned out scalp, that didn’t work, the second trade of the day was the same, however, I tried using hotkeys for the first time and had a user error and by the time I manually closed my position, it blew past my exit price by 4x! That’s when I knew the rest of the day was going to be a slug fest, last man standing type of day, which is a reason that a couple of my earlier trades were breakeven trades because I had taken three loses in a row and I didn’t want to take any other loses.
I will continue to work on my process trading the open and my order entry skills.
Trade Idea
Long above 93.74
Support at 88.92