CCIV Trade on Feb 5, 2021 13:37 from beno: Tradervue User Stock Trades.

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beno

Trade Variables

Float : 200M (SPAC)
News / Catalyst : SPAC merging with Lucid Motor EV company (talks continue)
SPY Intraday pattern : Consolidation
Ticker Intraday pattern : Bull Flag
Strategy : A grade accumulation
Confluence : N/a
Strike Zone : N/a
Sizing (lots + emergency) : 250
Risk (stop / Rs) : Hold below 35.4

Notes

B/E on this attempt, worthy attempt due to potential move

Execution detail:

Date/time	Symbol	Side	Price	Position
2021-02-05 13:37:48	CCIV	buy	$35.390	long
2021-02-05 13:38:09	CCIV	sell	$35.370	long
2021-02-05 13:38:09	CCIV	sell	$35.350	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=CCIV&trade=27092911&end=20210205140809&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=CCIV&trade=27092911&end=20210205150809&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=CCIV&trade=27092911&end=20210205160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=CCIV&trade=27092911&end=20210307&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

tradervue2020

2021-02-08 00:01:51

Hi,
Could you pl clarify "A grade accumulation" ? Are you implying it will make another run for ATH?
Thanks

beno

2021-02-08 07:00:50

Accumulation is essentially an ascending triangle. Those structure form in bullish environments because the buying pressure is high and price tightens at the high causing a potential imbalance of buyers or sellers. It's an excellent RR trade to take because your risk is tight.

tradervue2020

2021-02-08 12:32:59

Thanks Beno. Great insights.

CCIV Trade on Feb 5, 2021 13:37 from beno: Tradervue User Stock Trades.

Trade Variables

Notes

Comments

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