YNDX Trade on Oct 21, 2019 13:14 from Cklamb: Tradervue User Stock Trades.

YNDX
Intraday fundamentals
• Yandex Shares Rise 9% Premarket after Moscow Softens Draft Law Limiting Foreign Ownership in Major IT Companies
Technicals
ADV 2.97 RVOL 1.48 ATR 1.10 BETA 2 Short .5 % Inst Own 81%
Daily

Hourly

Intraday

Trading strategy
• Short Bias
• Look for this to pull back into 31 over the next couple of day
• If this cannot break and hold 33 on the opening take a starter as close the 33 level as possible and target 32.50
• If this holds 33 after a pull back, take this long as it breaks the opening range
• Watch for rejection of VWAP in the opening, and see if that starts the trend to the down side with your stop above 33 and a target of 31.50
Reading the Tape
I never saw an anomalies in the tape. However, I believe that I am seeing the current momentum in the prints that help me set the trade and get a tighter stop.

Trade Management

Trade Review
• I had a short bias as the catalyst did not impact the financial performance. I was aggressive at the opening as it had been selling all the way up to about three minutes prior to the opening bell.
• First trade risk was well managed, but I did have the opportunity to get in about 20c closer to 33 but prices were moving fast.
• The second trade need to trade with the same partial and exit strategy. The remainder would have netted about 5 to 1 when the SMA was crossed at about 32.54
• On the third attempt, set up was quick and risks was covered quickly. Good trade for scratch! I did need to try to short this again as it could not hold VWAP
• Late trade, was true to the bias and aggressivce entry on the rejection 32.90. I though that I had let it break before entering but it did catch bid and stay around32.90 for the next few mibutes before making a new HoD.