DAL Trade on Aug 11, 2020 09:41 from Cklamb: Tradervue User Stock Trades.

SDAL
Intraday Fundamentals
• Second Day Play on increased air travel report out yesterday
Technicals
ADV 43.13 RVOL .75 ATR 1.27 BETA 1.24 Short 4.24% Inst Own75.30%
Daily Chart 4 hour

Hourly Chart

Intra Chart

Trading Strategy
• A second day set up look for a long at 29.25 as the afternoon area of support. Looks to enter after the test and it reclaims the SMA on the one minute stopping at LoD hold for at least 1.5 to 1. If that plays and still holds, pull the stop to market structure around .5
• If the SMA set ups to short 31.50 enter on a sell stop with something just under the level and set the stop at the HoD
• VWAP tests after it picks a side in the opening. A suicide VWAP play if you can keep the risk to under a point.
Reading the Tape

Trade Management

Trade Notes
941 EST
Short Term Level as Support -I was watching this out of the gate with one other name. I put this on the one minute as is started to make the bounce back into the open VWAP considering limiting into a short position there. I missed it and the sell stop set up to the VWAP resistance play on my budding entry rules. I decided to put in the fantasy long @ 29.83 off the short term level from June that I had. This filled once cent above that local low. I did not have a planned stop at the time this triggered and figure the tightest I could get was 20 cents. This also added to me taking this at 20 cents quickly instead of holding for some other market structure letting. If I had a set target and stop, I believe I could have played this for the next twenty cents into VWAP.
943 EST
SMA Resistance Play – I am not sure if the though process trying to short this here was good. I think in general a bounce off a stronger level this time of morning does of make a VWAP test. I will say this is where I should have been looking to take the prior long off as opposed to taking this short. Entered at .26 stopping at .38
944 EST
VWAP Resistance- I limited in at VWAP stopping a little tight at 30.55. netting just over 1.5 to 1. The better way to play this would have been to wait for the break with an SMA resistance set up at 7:51. The stop would have been right at ten cents and giving me some market structure to move the stop to a few minutes later.
1148 EST
VWAP Support – I did start looking for the short off VWAP. I held and made sure that I was going to get some consecutive closes under VWAP. It held and closed above. I hesitated and then marketed in filling at 30.25 leaving me with a stop at 30.16 but I set at 30.19. the trade worked meaning that the deeper stop followed the rules and I should have judged exits base on the extra 3 cents. It broke .33 and stalled at .44 an intraday resistance level where I decided to exit.
1401 EST
Intraday Resistance Play – I was watching this slowly overcome several intraday levels of that were set in the 90 minute or so of trading. I had take a break and did not see the tape at 30.50. But, I was aware of the 30.60 being about where the sell-off ramped up at the open. I took this expecting it fail on the first attempt. This worked at first and took out the tight entry. This would lead to taking off the next trade a little early as I had this at 1 to 1 ending more or less scratch.

1422 EST
I more or less and the same thesis going in. I approached this as an intraday level that I felt would hold due the move coming into it. This was also about where the original flush started at the opening. I took with a limit at the SMA after it held below long enough for me to feel like I had the right risk. This was the home run. This was set up to start letting market structure tell you when to leave.
hort Term Level as Support -I was watching this out of the gate with one other name. I put this on the one minute as is started to make the bounce back into the open VWAP considering limiting into a short position there. I missed it and the sell stop set up to the VWAP resistance play on my budding entry rules. I decided to put in the fantasy long @ 29.83 off the short term level from June that I had. This filled once cent above that local low. I did not have a planned stop at the time this triggered and figure the tightest I could get was 20 cents. This also added to me taking this at 20 cents quickly instead of holding for some other market structure letting. If I had a set target and stop, I believe I could have played this for the next twenty cents into VWAP.