GLW Trade on May 3, 2021 10:12 from ADillPickleTrading: Tradervue User Stock Trades.

daily chart as usual was pretty nice, big red move down, a bottoming tail and a gap up the next day. yesterday it gapped down and closed down a lot with a little bit of a bottoming tail, today it had a perfect gap right over yesterday's high. overall pretty good. had plenty of room up. 60m this had a gap fill above 45 which was a bit problematic. this was a pretty decent negative which I really didn't check but not enough to cancel the trade. the 1hr chart was a bit troubling because of the topping tail and then a rather small red bar at the time of the entry. not super huge but def not a positive, quite worrying. this signaled a failed breakout or somethings similar on the lower timeframe. so far, daily is good, resistance/void is average, and 60m is bad. 15m chart showed a nice full green bar up, then an absolutely MASSIVE green doji with a larger bottoming tail than topping tail. the next bar I entered was a green bar with a small bottoming tail that later reversed and closed as a red bar with a topping tail. so 15m I would say overall is not super good but not super bad, kinda neutral/tilting to good. 5m showed a nice move up with one red bar and 2 big bottoming tails, one that was huge. then it had 2 red bars that pulled back to about 45%, so nearly at a perfect retracement and it was above the VWAP. not a great trade because there is not previous support to pullback to. the overall buy setup was ok, had a non steep decline bit of RS, there was a mini low on the way up it pulled back to, there were bottoming tails on the move up, there was a decent R/R, it actually hit about 5c from my target, had a major new high etc. however there were also a lot of negatives, including that the 60m was not too good, 15m was a bit average and there was a rather prominent resistance from yesterday at 45.10 that this literally hit and was probably the reason this trade failed. overall, not a horrible trade but not especially good. def the worst trade of the day considering the average/below average higher timeframes other than the daily, and the resistance which was the biggest problem.


Execution detail:

Date/time Symbol Side Price Position
2021-05-03 10:12:08 GLW buy $44.920 long
2021-05-03 10:21:14 GLW sell $44.780 0


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