FDX Trade on Jul 1, 2020 09:41 from slowelim: Tradervue User Stock Trades.

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slowelim

 

MTFA(entry, one lower than entry, two(or three) higher than entry):
5m, 2m, 15m, 1h, daily, and weekly.

Market Cycle stage:
Macro trend was in a stage 2 uptrend.
Macro & Micro Synchronization: There wasn't macro & micro synchronization as we traded based off of a parabolic sell setup.
Macro trend: stage 2 uptrend
Micro Trend: stage 4 downtrend
Essential Pattern/Super play: Climactic, Parabolic sell setup.
Pattern Boosters(BT/TT, WRB/NRB, +/- VOLUME, EMA’s, Level (1/2) SUPPORT/RESISTANCE,
COC, RS/RW, MT, 50/100):
5m topping tail, buying NRB/WR selling bar, +ending volume, deviated away from the EMA, micro level 1 resistance, -COC, EXTREME relative strength (unsustainable), 100% retracement on the micro level 1 resistance. 8/9 boosters, (189% boosted).
Gap direction & Rating:
L2 Gap Up
Pro/Novice: Novice Ending

Gap Entry: 5m/2m CBS (Parabolic sell setup).
Trade management approach:
2R AON TRADE APPROACH with a clearly defined Entry level, target level and stop loss level made through a bracket order.
Strengths from today's trading:
-We abstained from tick watching after we executed the bracket order. (We chose to close off the Questrade IQ Edge platform after punching through the bracket order as we acknowledged that tick watching causes stress and anxiety.). We also acknowledged that once we punched through the trade, there was no more touching and prying that was necessary for us to do, "prepare it, set it, and leave it" alone as Jared Wesley and Anmol would say.
Weaknesses from today's trading:
I think we are improving drastically from our continuous studies of PTS and practical trading. Practice makes perfect and consistency builds confidence. Only continuing to practice, review, and refine our edge can we become consistent and confident in our trading.
How can you improve?
We can improve by continuing to study, learn and review. We can achieve a balanced work - life ratio by setting out a clear and concise work schedule/plan for every activity/day.


Execution detail:

Date/time Symbol Side Price Position
2020-07-01 09:41:33 FDX sell $162.100 short
2020-07-01 12:00:00 FDX buy $158.080 0


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