MDB Trade on May 4, 2020 11:29 from tradelikelarry: Tradervue User Stock Trades.

Trade Planning:

• 195m Chart: Uptrend, Consolidation below recent highs.
• TTM Squeeze: 195m
• Earnings Date: 6/16-

Reason For Entry:

• Playing the 195m chart. MDB is in a pattern of consolidation below recent highs. TTM is in a squeeze on the 195m chart and momentum is shifting positive. Order filled for 1 contract at the 8ema area. Risking 0.5% of portfolio.

Reason For Exit:

• Price gapped up and approached my target at the top Bollinger Band. Closed the position for a 68% win.

Recap:

• The entry was correct at the 8ema. Was a small position so I could have the option to add to the trade should it have consolidated to the 21ema area. The exit was correct at the top Bollinger Band. I would have scaled out of this position if I held more than 1 contract because the TTM remains in a squeeze while momentum is increasing (this means the pattern is still valid has potential to continue its run higher.). Overall was a correct setup, entry and exit.