ROKU Trade on Jun 10, 2019 10:06 from PriceActionBarByBar: Tradervue User Stock Trades.

Double Bottom Pullback
JE
ROKU
June 10, 2019

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

Intraday Fundamentals
No News Catalyst
ATR: 4.70
RVOL: .75
Price Range: 100-104
Short Float: 10.49%
Avg. Volume: 13.56M
Institutional Own: 71.40%

Technical Analysis – Long Term
Ended the All-Time high on the Daily with a doji bar

Technical Analysis – Midterm
3 day trading range on 15 minute charts from 98.50-104

Technical Analysis – Short Term
5 minute chart ended in a bull channel, which is a bear flag, so I was on the lookout for a down move to at least the beginning of the channel.

Reading the Tape
Noticed a couple important levels on the tape where prices were holding which allowed me to either add or book profits

Trade Management
The 12:15pm reversal bar was the signal bar that ended the bull flag. This bar touched the moving average and then reversed up, and exact setup from my TPP, so I front loaded a full size trade, Tier 3 with the profit target of 101.70, however, the breakout went to 67c and the reversal bar that followed went up to 70c, however, my limit order was not filled, as the next bar was an inside bear bar, I became worried that my profit target might not be reach before my stop was reached, so I moved my stop to breakeven, which was two ticks above the signal bar, the down move came within cents of my breakeven stop before it began to climb again to reach my profit target.

Trade Review
I have to decide whether to hit out of a stock if it comes within in a tick of my profit target or just to keep my stop at breakeven and hope it holds. In this case, the bar after the inside bear bar was an outside bar which was followed by an inside bull bar, which increased the probabilities of an upside breakout.
Also, what I want to do a better job at is flipping from long to short because in this case, once ROKU put in a bear reversal bar at 13:20pm, I said aloud this is a two-bar reversal at strong resistance, which generally test the beginning of the channel that it is reversing, I should have gotten short one tick below that bar (the market was trending down as well). I would have made a couple of chops all the way down to the reversal bar that tested the beginning of the bull channel.
I did get long again at that test for quick chop.

Trade Idea
ROKU ended in a small bear channel, that should end with a bull breakout to test the beginning of that channel.