NKE Trade on Oct 1, 2019 09:42 from Cklamb: Tradervue User Stock Trades.

NKE
Intraday fundamentals
• Break to new high the last two days
• This should continue the breakout three days after setting one on a gap up which retraced
• Possible 102 using some extensions… is that upside there??
• A gap fill is 7 points to the downside from here
Technicals
ADV 6.13 M RVOL 1.19 ATR 1.85 BETA .85 Short 1% Ins Own
Daily

Hourly

Intraday

Trading Strategy
• I feel like the institutions are starting to increase some sizing here after most traders have left
• This broke out yesterday above the most recent all time high and is maintaining a solid uptrend
• Look for places to get long, 93.50, 92.75ish, consolidation above VWAP
• IF this breaks down and looks to set up for a pullback, look for scalps shorts as it start to turn in lower highs after the opening
Reading the Tape

I did not see confirmation on the tape on any of these trades. I saw what I thought was a strong bounce off 94 after a quick wick .90.
Trade Management

Trade Review
• I was looking for longs at both 94 if it held and 93ish on the thesis that this had started a breakout on the daily.
• I was looking for a test and hold of 94 to go long and continuation of the three day trend.
• I did need to account for the resistance at VWAP before taking the second trade. I was looking to try to be bigger. This led me to try to focus too much on the using 94 to size bigger as opposed to the lower low that had just been put in on my stop out candle.
• The first attempt here was solid.
• There is a lot of evidence that I needed more patience before taking another trade using 94 as support