EA Trade on Jun 3, 2020 14:22 from tradelikelarry: Tradervue User Stock Trades.

Trade Planning:

• Daily Chart: Uptrend, Consolidation below ATH.
• TTM Squeeze: Daily
• Earnings Date: 8/4-

Reason For Entry:

• Playing the daily chart. EA has been in a nice uptrend honoring the 21ema. EA made a strong pull-back to the 21ema (confirmed support area) and I executed 1 contract and risking 1% of portfolio. Watching for EA to consolidate and continue its uptrend to new ATHs.

Reason For Exit:

• EA made a strong move through the 21ema and I closed the trade for a nice 55% win.

Recap:

• The entry was correct as price approached the buy zone at the 21ema (this level was historically a strong support area). Risking 1% of my portfolio, I executed 1 contract in the buy zone. Price flushed down to the lower Bollinger Band (stop out level) but I stayed patient as the pattern was still valid and the TTM remained in a squeeze. Price action recovered and made a move through the 21ema and I closed the trade for a nice 55% win.