AMD Trade on Apr 29, 2020 13:33 from tradelikelarry: Tradervue User Stock Trades.

Trade Planning:

• 195m Chart: Uptrend, Consolidation below recent highs.
• TTM Squeeze: none
• Earnings Date: 7/28-

Reason For Entry:

• Playing 195m chart. ADM is in a pattern of consolidation below recent highs. TTM is in a squeeze. Order filled for 3 contracts at the buy zone (between 21ema and lower BB) Added to position as price held support area.

Reason For Exit:

• TTM fired short and pattern was no longer valid. Closed the trade for a loss (about 1.25% of portfolio)

Recap:

• The entries were correct at the buy zones (between 21ema and lower BB). I had to close the position as the TTM fired short and pattern was no longer valid. Price continued to fall after my exit. The pattern and setup was valid, I took a shot and it failed. On to the next.