Why: Momo on the play from past few days. Held inital support at 14.51 and saw good price action. Was not able to get in until after it made the break over the 15.5 area, but held the trendline beforehand and had room to 17+.
How: Missed inital entry on the opening 30 mins, did not get the pullback I typically look for to play off the low of the day. Got in tier one after the break of 15.50, but added a bit too early at 15.88. Since I had the bad first entry my second tier needed to be a smaller size and below the intial entry. My 2nd tier was right where I planned on getting in the first place. After there was alot of chop and scaled out pretty sloppy. On my last piece I moved my stop up from below vwap to below 15.80 and that cost me the move to break the HOD.
What: Taken my tier one earlier right under 15 and played the low of the 14.73 candle. Then added tier 2 when we held VWAP. Then scaled out throughout the day with stop ;oss under VWAP.
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!
You can write your trade notes and comments using markdown syntax for links, images, etc. Some quick examples to get you started:
For other options, see Markdown syntax documentation.
Note that normal HTML tags are not supported in Tradervue.