SQ Trade on Oct 19, 2021 10:58 from AtlasVanguardPaperTrading: Tradervue User Stock Trades.

Playbook: SQ 10-19-21
Name: VWAP Bounce Scalp

Big Picture:
What does the related and broader market look like?
- SPY was gapping up on nice volume with stacked EMAs and above VWAP on 4h but it fell to touch 448.33 on a drop right at open.

What were important levels intraday in the SPY/QQQ?
- 450 was a big level as it was the PM high on spy so I used that to judge a bullish case for the morning session

What is /ZB doing? Chart below:

Where there any important events on the macro level?
Bitcoin was getting an ETF listed.
SPY/QQQ/Bonds market chart here:

Intraday Fundamentals:

What is the ATR?
8.62
How does the option market look?
Options usually move pretty well with SQ and nothing unusual just increased volume.
What makes the stock in play?
o Bitcoin activity
TA:
What levels were significant in the trade?
VWAP which was 254.05. This is where I looked for a bounce.
Did you trade based off a candlestick pattern?
I traded this based on a breakout out of the third test of an upper resistance line and then it retested VWAP. Perfect entry to get pretty huge.
What levels/TA did you used to plan your entry? Why?
I really wanted to be mostly out of the trade at 255.75. Exit below VWAP at 254.
What was price action telling you?
Sellers were strong above VWAP but the buyers stepped up perfectly.
How and where did TA give you the biggest edge?
Price retesting VWAP before it rips is very common and with the momentum of the EMAs I thought it was good to have some continuation of this pattern break. This is how you "chase" a trade.

Where did your TA fail you?
I DID NOT!
Detailed TA Chart with any further explanation:

Reading the tape:
What did you see on the tape to initiate your entry?
The 254.04 level held bids really well and then they stepped up and the move happened quick. The VWAP level lit up the tape and that was a great confirmation to hold tight.
What did you see on the tape to take profits early if you did?
I saw selling coming in above 255 and I was already up nice on the scalp.

Why did you sell?
The first contract because it was close to my level and could reject hard off HOD. The other one I sold because it rejected.
Intuition/Trade review:
What intuitive lessons can you take from this trade?
Trust the buyers at VWAP if they show signs of stepping up. It could be good to add another tier.
How did this trade help you grow?
Using the VWAP to wait for a less risky entry is something I can definitely build upon.
How are you going to take what you learned and apply it tomorrow?
Just keep an eye out for pattern breaks and either enter in anticipation when there is an adequate signal generated and this trade can be used as a great add opportunity if I am already in a trade.
How can you get better entries and exits?
Trail stop might would have worked if I carried the size for a runner.
Where can you be bigger in this trade next time?
I think I can use this trade concept to help me get bigger by adding size on positions I am in for a scalp. Like combining this with a trade I am already in for an added bang.