ROKU Trade on Jun 6, 2019 10:38 from PriceActionBarByBar: Tradervue User Stock Trades.

High 1 Buy Setup
JE
ROKU
June 6, 2019

Big Picture
Overall Market was Bearish but coming into strong support and expected to bounce
Sector was Neutral to Bearish
Corresponding stocks also Neutral to Bearish

Intraday Fundamentals
No News Catalyst
ATR: 4.65
RVOL: .94
Price Range: 102-96.50
Short Float: 11.66%
Avg. Volume: 13.61M
Institutional Own: 71.30%

Technical Analysis – Long Term
All-time highs, showing follow-thru on the breakout from the bull flag

Technical Analysis – Midterm
ROKU evolved into a rising wedge on the 15 minute chart (generally a reversal pattern)

Technical Analysis – Short Term
My trade idea from yesterday was correct; ROKU began to reverse reaching the target of the beginning of the rising wedge pattern.

Reading the Tape
Still working on reading the tape to help identify inflection points earlier

Trade Management
Once the trend of the open bear trend reached its target, it put in an inside bar which was the signal bar for the reversal, place stop one tick above it high, Tier 1, and as the next bar had a bull close, another buy stop was placed above its high, Tier 2 as the trade was moving in my favor the third bull bar closed on its high and was bought on its close, Tier 3, now trading a full size, two bars later was a bear reversal bar, so I booked profits. Two bars later ROKU made a bull reversal, and since now the original target is the high of the day, I entered a Tier 1 trade one tick above the high with the stop one tick below, the market than begin to go sideways, however, once an inside bar was put in at the bottom of the range, that was the signal bar for a breakout, I took the conservative approach an added Tier 2 just outside the top of the trading range, and adding Tier 3 one tick above its high with a measured move to 101.60 which was the high of the day, booked profit and took a recommended break.
However, I did trade the close, but I instituted my 30% Giveback rule, which only allows me to “giveback” 30% of my profits from the open.

Trade Review
Today I focused on one single time frame and had improved results from yesterday.

Trade Idea
ROKU put in and inside day today, so looking for follow-through tomorrow.