AMD Trade on Apr 7, 2020 09:56 from ffeentrepreneur_smbeqtryout: Tradervue User Stock Trades.

What was the market doing?
After AMD's hard sell off from the gap into resistance play, AMD was bouncing 1/4 of an ATR into VWAP and showing weakness near VWAP (.80 move off the lows).

AMD was also forming a rising wedge pattern with 3 weaker pops after each dip along the rising wedge trend.

What was I doing as a trader?
After AMD had shown 3 exhaustion candles on the 1 minute, I shorted half size AMD at 48.58. When 48.5 held firmly and got a bid, i immediately covered for break even because usually when the .5s show strength, it can wick out up to .7s/8s before turning.

How can I improve on Failed Vwap Breakout plays?

Notice the time of this failed vwap breakout... before 10 am. Great stop out for even when it failed to get heavy and break below 48.5 when you entered.

I think you did a very good job here reading the market and preventing a wick out loss in the .7s/8s above the prior .68 wick high from where your stop loss was