VXX Trade on May 19, 2021 10:10 from ADillPickleTrading: Tradervue User Stock Trades.

daily chart was pretty good, good gap good void not super extended but def at it's ATR(1/2) point and no major resistance. so not amazing but pretty good.
60m this was the problem right here, this was extended in a straight 1 slope line up since yesterday thru the PM and into the day 1.5 hours. so this was very extended, it had 1-2 bar breaks in between but def not enough rest. the only real negative with this one today. other than that it was pretty bullish and actually just coming out a 3BP
15m was very good, just like the 60m it was quite extended but right off the open we got a 3BP on the 15m chart and I entered just above this, even though the pattern was on the 5m. so far, amazing charts they are just very extended but it was the PM so if we can get the market to break a support level then this trade should work great
5m was the entry timeframe, opened the day with a rip, 4 bars of a rest and then a textbook 3BP happened. got in, got about 1R and then it turned around and stopped out. this was of course extended, the one red flag of this trade n you could make the argument that this 3BP wasn't the igniting move since it had a uptrend that started and then only had four bars of rest. however the only real negative was that this was extended and this was counteracted by the market being right at a support level and breaking it. unfortunately this turned around because the market found some support, false brokeout and then just ran until I stopped out. so quite a good trade, could have been more aware of market support/how extended it was but overall would likely take it again.


Execution detail:

Date/time Symbol Side Price Position
2021-05-19 10:10:12 VXX buy $45.830 long
2021-05-19 10:18:28 VXX sell $45.400 0


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