SPAQ Trade on Jul 13, 2020 09:58 from slowelim: Tradervue User Stock Trades.

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slowelim

 

MTFA(entry, one lower than entry, two(or three) higher than entry):
2m, 1m, 5m, 15m, hourly chart.
Market Cycle stage:
Stage 3 Distribution/Anxiety (Macro).
Stage 4 Supply/Fear Downtrend (Micro).
Macro & Micro Synchronization:
No, we didn't have PERFECT macro/micro synchronization, we used the micro time frame to see if we could confirm the macro time frame transition from stage 3 distribution/anxiety into a stage 4 supply/fear downtrend.
Macro trend:
Stage 3 Distribution/Anxiety (VTOP)
Micro Trend:
Stage 4 Downtrend (Supply/Fear).
Essential Pattern/Super play:
1m Breakdown pattern.

Pattern Boosters(BT/TT, WRB/NRB, +/- VOLUME, EMA’s, Level (1/2) SUPPORT/RESISTANCE,
COC, RS/RW, MT, 50/100):

Imprecise topping tail, +Igniting Selling Volume, @21 EMA, micro level 1 resistance, -COC, MT, 100% retracement towards the downside. 7/9 Boosted, 178% boosted.
Gap direction & Rating:
Level 1 Gap up
Pro/Novice:
Novice Ending Gap.

Gap Entry:
1m Sell setup OR 1m Breakdown, in which we fomo traded the 1m Breakdown.
Trade management approach:
2R AON trade management, (The most consistent and balanced trade management approach there is).
Strengths from today's trading:
We had realized how we had broken our trading rule fairly early on and decided to stop trading after that.
Weaknesses from today's trading:
Traded past 6:50 AM, Broke my trading plan rule (No Position Entry's after 6:50 AM as it would cause FOMO trading).
How can you improve?
We can improve in the future by not FOMO Trading.
What that means is we can't enter any trading positions after 6:50 AM.


Execution detail:

Date/time Symbol Side Price Position
2020-07-13 09:58:59 SPAQ sell $18.680 short
2020-07-13 09:58:59 SPAQ sell $18.680 short
2020-07-13 10:15:23 SPAQ buy $19.350 0


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