LEN Trade on Sep 15, 2020 09:39 from Cklamb: Tradervue User Stock Trades.

LEN
Intraday Fundamentals
• Upgrade target to 90 Tier 2
• Top an bottom line beat, guidance affirmed
• Trading lower
Technicals
ADV 2.92 ATR 2.52 RVOL 1. 64 BETA 1.58 Short 3% Inst Own 95%
Daily Chart

Hourly Chart

Intra Chart

Trading Strategy
• Look for bottoming action or a tape read at 75 ish for a long
• If this breaks 76.70 on the open take the VWAP SMA LONG and a flush of 75.50 VWAP/ SMA short
• Look for a scalp short off 77.50
• If 76.70 breaks and holds limit in just in front of that level risking the opening print or wick
Reading the Tape

Trade Management

Trade Notes

VWAP Resistance -This gave me the set up that I have been working. It flushed the PM low and a short term level that I had from the hourly chart. I set in the limit at VWAP. It triggered. I set the stop just above the PM high as dictated by my rule. It took me full stop. This was by designed and I did stick to the game plan. I may need to consider the additional level of support when looking at this set up in the future. I still feel as if this is working more often than not if I stay looking for just over 1 to1.
This was a bit of a frustration play thinking that it closed the down gap and would give up the early run up quickly. This is an ill -advised trade. The risk was well defined with 50 cents and the target at the time was VWAP which did give a 3 to 1 set up and probably worth the shot if this was not as strong as it was on the tape.
I started heavy on this. I was in a bit of make up mode and felt that this was overextend enough to dumped when I entered. I had set the risk to 78.60 way to much for the sizing that i had. I kept good self-talk convincing myself that I should avoid covering on a spike. I was fortunate enough to sense some slowing on the tap just under 78.50 and decided to doubled down getting me a far better average price right before it would flush back int o the PD low I had tried to work earlier in the morning.