ROKU Trade on Jun 7, 2019 09:37 from PriceActionBarByBar: Tradervue User Stock Trades.

Opening Drive
JE
ROKU
June 7, 2019

Big Picture
Overall Market was Bullish
Sector was Bullish to Neutral
Corresponding stocks also Bullish to Neutral

Intraday Fundamentals
No News Catalyst
ATR: 4.66
RVOL: .78
Price Range: 98.40-101.71
Short Float: 11.66%
Avg. Volume: 13.57M
Institutional Own: 71.30%

Technical Analysis – Long Term
Inside Day on the daily chart, a pause bar after the breakout to new high.

Technical Analysis – Midterm
After it reversed from falling down from the rising wedge it traded inside a trading range 99.40-101.25

Technical Analysis – Short Term
5 minute chart ended in a bear channel from, which is a bull flag.

Reading the Tape
Noticed where the prices lifted quickly from the breakout pullback from the bull flag

Trade Management
Traded the open, jumped in when I saw prices lifting from 101.80 very quickly

Trade Review
From the 1 minute chart, the second bar was a reversal bar, there were patterns on the tape regarding the speed of price changes, the third bar was a bull reversal inside bar and the price pattern was obvious to go long. I continued to watch the tape and saw a similar price pattern on the tape at the 101.80 level and went long. The thing that I want to do better next open is the position sizing. The position sizing that I have back tested this week is risking 15% of that ATR of that time frame, keeping my same tier sizing based on my daily allowance.

Trade Idea
ROKU ended in a small bear channel, combined with a trending trading range bear trend, which is essentially a bull flag.