INO Trade on Jul 7, 2020 13:36 from dpaleo: Tradervue User Stock Trades.

That's a beautiful trade. I like the setup around 1:30 with the bars being extended from the 9 EMA on the 5 min chart. The bodies on the candles were doji-like with evident selling pressure at $25. It seems like you front runned a bit at 24.50, but even then the price was becoming extended so I see where you're coming from.

I liked your entries on the 1:50pm 5 min candle creating that new 5 min low. Beast mode.

Nice. Yeah, and it looks like you scaled out well. Some of your exits were literally at the bottom of candles. INO has been a crazy play lately.

Reversal plays are a strategy I'm starting to pick up. Most of my trades have been ABCD patterns and break outs (e.g. descending triangles, ascending triangles, symmetrical tri's etc). Finding price action that is extended from the 9 EMA on the 5 min has been key for me, along with them having big exhaustive volume on those moves. Ideally I'd like to see a double top of some sort, or a big push, a doji-esque candle, followed by a break in the opposite direction. It's definitely been a process getting reversals down... They're so damn different than breakouts.

Do you have any criteria for your momo trades?

And this market is so disjointed from reality... Can't argue with price though.

Interesting. FE had a huge momo bear trade today, although I missed my entry multiple times (I was too much of a pussy to take the trade).

The set up was great and is the inverse of what I look for to the long side:

1) progressive selling closer to significant price area (30.75), creating a descending triangle.
2) At market open, premarket lows were breached indicating a short entry.
3) Price target could be at multiple price levels (e.g. 29.80, 28.75, 28.21, 25.72).

It also had a news catalyst (investor fraud). Check out the volume from yesterday and today. Absolutely enormous.

There was a possible place to add on the 2nd 5 minute candle where price tried to push back above VWAP. An additional possible entry was at 9:50 during another vwap pull back. I was about to take this entry, but wanted a tighter risk. I waited too long and missed this entry.

Funny enough I took the trade to the long side for a reversion. After the day's low, a higher low was created. I entered at the break of vwap around 10:45 around 26 and sold at $27. My price target was the 200 ema on the 1 minute chart (around $27.50) but I sold early because there seemed to be a good amount of resistance at this level.

I'm with tradezero so I have to wait until my account updates tomorrow to post the trade. I'll share it once it's up.

Here's the link https://www.tradervue.com/shared/trades/17842943