CYH Trade on Mar 25, 2021 11:01 from ADillPickleTrading: Tradervue User Stock Trades.

first trade

positives
- had a solid daily chart that looked ready to breakout
- was in a very strong uptrend, may have been overextended but this was the first dip
- had somewhat of a doji candle
- was at VWAP
- market had set a bottom and was starting to move up

negatives
- only about average vol
- very small wick on the doji
- was a doji not a hammer
- no action/hammer/doji around VWAP on 1m chart at all
- only about a 25-30% retracement, not in the 40-60% sweetspot
- did not wait for second candle to make new high

OVERALL

I would not have taken this trade again, however I did like that it was at VWAP, in an uptrend and that it had very good market confluence. However, the 25-30% retracement, no action on 1m chart, tiny doji with average volume and not waiting for the second candle to make a new high is unacceptable so I would not take this trade again.

SECOND TRADE

positives
- strong market confluence, SPY had just made a new high after consolidating at lows
- reentry after initial play, did not get angry and assessed the situation
- 12.38 got rejected very hard on 1m chart
- after 12.38, quickly popped up and made a new high
- was patient and left this one to run

negatives
- no new doji or significant hammer, only a small doji on the 1m chart with above avg vol for 1m chart
- stayed under VWAP without rejected for a while
- no igniting volume or specific entry trigger

OVERALL

I was not too happy with this trade overall,especially the first one. The second one was not a high quality trade either, I loved the strong market confluence it had but the fact that it had no hammer, stayed under VWAP for a while and did not have any strong vol is not acceptable for trading. I would like to take the market confluence from this trade and move on. The negatives to ignore are did not wait for new high to be made, not a 40-60% retracement, no hammer at VWAP/retracement and to avoid stocks with 1m chart that do not do much.

Management Results(first trade):
1R AON: -1R

2R AON: -1R

3R AON: -1R

4R AON: -1R

2R Move Stop to BE at 1R: -1R

3R Move Stop to BE at 1R: -1R

Management Results(second trade):
1R AON: +1R

2R AON: +2R

3R AON: +3R

4R AON: +4R

2R Move Stop to BE at 1R: +2R

3R Move Stop to BE at 1R: +3R