HAIN Trade on Aug 21, 2019 10:15 from beno: Tradervue User Stock Trades.

Big Picture
- Lingering fear from China trade talks and FED decision on interest rates
- SPY trading at top of 282-293 range
- Q’s are forming an ascending triangle on hourly chart

Markets Intraday
- PM: SPY gapped up $1.5, still below yesterday’s HOD (might see another downtrend day)
- SPY ranging between 292 (PM high) and 292.8, very tight range
- All sectors green, VIX/Gold red today, Silver was actually green on the day
- SPY had an inside day, didn’t trade outside its range

Technical Analysis – Long Term
- In longer term downtrend but found recent support in the $15-20 price range
- JPM downgraded due to Brexit fears / HAIN does 40% of their business in UK

Technical Analysis – Intraday
- JPM downgraded from 23 to 18 which caused market to push price below important $20 level
- First move was down, then up, creating an ascending wedge then broke down below 18.5 level
- Made flag pattern below 18.5 then broke above it, currently trading above 18.5

Original Plan
1. IF first move is down:
a. Looking for break of 18.5 and pullback into level, lighten up at 18 (JPM target price)

Execution Notes
I got in on the pullback from below into 18.5: got filled short for two tiers at 18.4 with a stop above the 18.5 level at 18.56, risking 16 cents / 1.5 risk units. I got stopped out at 18.56 but wanted to try the trade again so I shorted again for only 1 tier this time at 18.48 with a wider stop from the mornings ascending triangle at 18.68 risking 28cents / 3 risk units. Price broke above the flag pattern and touched my stop at 18.68 but I didn’t get filled yet; finally got filled at 18.6, entire position closed.

Grade Questions

Did I follow my plan? (yes/no/with mods): yes
Which modifications?: no
What justified the modifications?: n/a
Did you hold a core position until you noticed a reason to sell?: yes
Were your executions goods? yes

Grade: A
(1=D, 2=C, 3=B, 4=A)