R = REQUIRED
1. (R)40-60% retracement from high-count from lowest point, including wick✔️
2(R)market cannot be downtrending or falling(SPY AND QQQ)exception if stock shows RS 🚫/✔️
3. (R)stock is touching or above VWAP ✔️
STRONG PATTERN BOOSTERS:
4.No double tops/strong resistance above ✔️|note:was some at 31 but got out way before that
5.non-steep decline(ideally 45 degrees)✔️
6.hammer/doji at the bottom✔️
7.bottoming tails on nearby bars, avoid topping tails on nearby bars 🚫/✔️
8.breaking out/strong overall market 🚫
9.tested minor previous price support(top of last move)✔️
10.Strong daily chart(gap, open void, breakout, etc)✔️
11.good R/R (2R) to the next resistance or closest pivot 🚫
12.no choppy bars on the way up or down(smooth move) 🚫/✔️
13.VWAP rejection✔️
14.made a new major new high✔️
15.high volume on entry(green volume)✔️
16.sharp V top, rather than congestion or consolidation at highs ✔️
17.Above any trendlines ------------
18.Strong momo on the way up(wide range green bars, hammers)✔️
19.Confirmation or bull pattern on higher timeframe ✔️
20. No engulfing red bars or huge red bars at top pivot ✔️
Management Results:
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
Time Frame Taken: 1m and 2m Chart
Retracement Level: 55-60%
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-04-08 09:49:28 | VUZI | buy | $29.780 | long |
2021-04-08 09:52:15 | VUZI | sell | $30.350 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!