AVXL Trade on Jun 21, 2021 09:36 from ADillPickleTrading: Tradervue User Stock Trades.

FIRST TRADE
daily chart - daily was very weird and not the best, but also had a lot of great qualities. it was gapping over a pivot/resistance, gapping into type A void, just amazing void. plenty of room up. problem was that the two days before were green bars, small range but still moving up. so it was a bit extended which was why I used a smaller stop loss. not an EYE dropping daily but still a really nice gap with room higher.

60m and 15m - 1hr shows that resistance that it gapped over really nicely, and you can see that this wasn't as extended as the daily would make you think because the move was mostly in the beginning of the day with adequate rest and consolidation. 15m shows a very similar picture and confirms that the first trade was well within ATR and a solid play.

5m - was pretty simple and textbook. took the play on the second bar after a nice green bar, really bullish and not too aggressive since i waited for the first bar to close.

3m - was the entry timeframe, and showed a really solid 3BP. the only thing I didn't like here was the R/R but other than that, igniting a move, first bar of the move, breaking resistance, not quite over PM high but breaking PM resistance, only one tiny topping tail left to break, volume spike, and moving into void. just a real A class 3BP, and I entered. got shaken out since I took a tighter stop. this is just part of the game, the part where I messed up was that I was not watching this and did not get back in for the reentry. so this should have been 1R, instead it was -1R.

SECOND TRADE

daily chart was the same

60m and 15m - this was really similar to the first trade, but I was more worried about ATR on this one. however, this was still good to take since I only needed it break HOD by a little, which would still work. so not amazing, but about 1.25-1.5 times the average range and a bit under the ATR for a gap day or a big day. so that was the one negative, but still acceptable on the fringe and everything else was good.

5m - this isn't as important on buy setups but still a plus. the previous bar just ripped up and it was clear that buyers were in control but they really need a rest. so this left a rel small red bar and ended with a bottoming tail which I of course couldn't see at the time but the higher timeframes here were very good.

1m - this was a really solid chart here. I missed one nice buy setup due to lack of focus, but good on me for staying with it and finding this one. came down to a nice retracement, near 50%, left a huge bottoming tail, then gave a change of color bar. so that was really nice. it also gave me a setup above VWAP, the market was ripping all day, came down to the top of the last move. just a really solid buy setup, took it and got my reward of following my plan and a bonus of 2R. so that was real solid.

overall a good day, should have been 3R or even more with good focus so I really need to work on that. tomorrow I will lock myself in my trading client and that should help, but overall not a horrible day but still a lot to work on.


Execution detail:

Date/time Symbol Side Price Position
2021-06-21 09:36:21 AVXL buy $25.310 long
2021-06-21 09:39:03 AVXL sell $24.780 0
2021-06-21 09:48:07 AVXL buy $26.440 long
2021-06-21 09:51:43 AVXL sell $27.230 0


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