MA Trade on Feb 1, 2016 09:32 from tsun: Tradervue User Stock Trades.

I was looking for a 2nd day play, possibly a r/g move. Ideally pullback to 87 o/u for long with exit into 89 or 90.. Very strong bullish engulfing pattern developed on the daily chart

I started to scale in into 88s but leaving room to add until 87. It seemed as though 88 was having trouble holding so when it failed I quickly bailed out at 87.5 for a small loss.

I then started long in pieces once 87.5 o/u held quickly and started to hold 88 area. I kept watching the 1 minute chart which made me feel emotional and before the 11am meeting I quickly got flat at 87.88 once I saw that 88 level was not really holding. In retrospect, I should have set a stop and below the previous low at 87.84 to give it some room. Then it quickly reclaimed 88 and went to 88.5 area.

Around 1pm, I re entered long in pieces using 88 o/u as risk since this level held previously and was a strong support intrday. I regret not getting in with more size this time when level was previously confirmed intraday. I then exited at 88.5 level which was the previous resistance.. I re entered and exited over/under 88.5 area for some cash trades and hit out the remaining when 88.5 did not looking like it was holding shortly past 2 pm. When it quickly reclaimed over 88.5, I got back in and scaled out into 89s after I saw the failure close to this level.

Lastly I entered for a long above 89 as SPY was breaking and I had a strong conviction that 89 was broken with strong conviction, however the volume did not confirm my suspicion and I immediately hit out near 89 again. I then got short as SPY was also turning and I sold and rebought and sold and rebought for a quick gain into the close.