FDX Trade on Sep 16, 2022 09:41 from AndyBhanver3: Tradervue User Stock Trades.

PLAY IDEA/SETUP - I.R - OVEREXTENSION

REASONS TO ENTRY (ENTERED CLOSE TO A SUPPORT/RESISTANCE THAT WAS HOLDING) - #1. ENTERED HERE AT 155 BECAUSE THIS WAS ONE OF THE HTF KEY DAILY SUPPORTS

- #2. WE ALSO HAD SIZE ON THE LVL 2 AT 155 AND BOUNCED HERE, LARGE BUYER HERE 

REASONS TO EXIT (EXIT AT SUPPORT/RESISTANCE WALL/EXTENSION) - #1. FIRST EXIT WAS AT A STRONG BOUNCE BACK INTO PRIOR RESISTANCE WICKS HERE AT THE LOWER HIGH

- #2. SECOND EXIT WAS WHEN WE MADE A HIGHER HIGH NEARING THE VWAP AS WELL

- #3. NEXT EXIT WAS WHEN I SAW SIZE BACK AT 158 AFTER BREAKING THAT LEVEL AND WAS AT VWAP ONCE AGAIN, GOT A BIT LESS CONFIDENT IN THE CONTINUATION HERE

- #4. EXITED ANOTHER PORTION AT A NEW HIGH HERE AND WAS RIGHT BELOW THE 160 LEVEL THAT WAS LIKELY TO HAVE SIZE HERE

- #5. LAST EXIT HERE WAS AT THE HOD FROM THE OPENING PRICE

PT - #1. WAS NOT EXPECTING SUCH A STRONG MOVE, SCALED OUT AS WE MOVED HIGHER

MARKET CONDITIONS - #1. FED EX STARTED TO BOUNCE HERE 20 MINUTES BEFORE THE MARKETS BOTTOMED INTRADAY, YOU COULD SAVE FDX STARTED TO SHOW RELATIVE STRENGTH

TAPE (AROUND SIGNIFICANT AREAS) - #1. TAPE WAS NICE SHOWING SIZE OF BUYERS STEPPING IN AGGRESSIVELY, WE DIDN’T HAVE ANY RED FLAGS SUCH AS A NASTY WICK REJECTION OFF A LEVEL OR AGGRESSIVE HUGE 1M BEARISH ENGULFING

- #2. WE HAD SELLERS AT APPROPRIATE AREAS WHICH WAS EXPECTED AND WAS HAD BUYERS STEPPING IN APPRORIATE AREAS AS WELL

- #3. THE ONLY THING WAS WHEN I SAW SELLERS RESTACK AT 158 NEAR VWAP AFTER WE HAD ALREADY POPPED ABOVE IT OVER THAT AREA, THAT WAS A BIT OF A RED FLAG AND CAUSED ME TO EXIT SOME MORE BECAUSE I WAS LESS CONFIDENT IN THE CONTINUATION, WE ALSO STARTED TO KIND OF REJECT AROUND HERE BUT AFTER I TOOK SOME SIZE OFF WE THEN BREAK OUT HIGHER RELATIVELY EASILY

- #4. WE WERE CLEARING LEVELS QUITE EASILY, ALL IT TOOK WAS 1 OR 2 TESTS OF THE WHOLE NUMBERS HERE OR KEY AREAS AND WE COULD CONTINUATION, ITS NOT LESS WE HAD MULTIPLE WICKS OFF A LEVEL OR TESTED A LEVEL 3 TIMES, MOST WAS TWICE AND ON THE SECOND TEST WE TYPICALLY BROKE OUT HIGHER

REFLECTION - 5.98R TRADE HERE, GREATE EXECUTION AND MANAGEMENT OF MOVING UP STOP LOSS ONLY DOWNSIDE TO THIS TRADE WAS I HAD THE SMALLEST AMOUNT OF SIZE, - RISKED 10% OF DAILY STOP ON THIS TRADE AS I MARKED THIS AS A C+SETUP

MISTAKES (DON’T GET UPSET AT LOSSES, BUT GO BACK REVIEW AND MAKE SENSE OF WHAT WENT WRONG WHY DIDN’T THE TRADE WORK AS YOU EXPECTED IT TO AND ONCE YOU FIND THE SOLUTION YOU WILL FEEL MUCH BETTER) - #1. SIZE WAS SMALL WHICH IT WILL HAPPEN, I WILL BE IN TRADES WHEN I HAVE SMALL SIZE BUT HOW CAN I CHANGE THAT, FIRST COULD HAVE I ADDED HERE, THE ONLY AREA I SEE I COULD HAVE ADDED WAS MAYBE ONCE WE MADE A HIGHER HIGH OVER 156.5 AND THEN PULLED BACK AND STARTED TO BASE OUT RIGHT THERE, WE HAD A FEW CANDLES WHICH WAS 3 CANDLES HOLDING AROUND THERE AT 156.5ISH , I COULD HAVE ADDED RISKING OFF THE 155.95 LOW OF THAT BAR FROM THE FIRST HIGHER LOW

- #2. THERE WAS A VERY EASY ADD AT 159.3 WHEN WE CONSOLIDATED VERY TIGHTLY AND HELD VERY STRONG HOWEVER FDX HAD ALREADY MOVED 4 POINTS OFF ITS LOW, SO IF I DID ADD, THIS WAS REALLY SOMETHING IN MY OPINION I COULD HAVE HELD LOOKING FOR A LARGER MOVE BECAUSE WE ALREADY MADE A LARGE MOVE HERE AND ON TOP OF THAT WE DID HAVE A WHOLE NUMBER 160 ABOVE SO I DON’T THINK THIS WAS AN APPROPRIATE ADD, I LIKED THE PRICE ACTION TO HAVE ADDED HERE BUT NOT THE OTHER FACTORS SUCH AS A HUGE 160 LEVEL ABOVE AND HOW THIS ALREADY BOUNCED QUITE SIGNIFICANTLY 4 POINTS ALREADY

IS THIS STRATEDGY WORKING OR NOT? PROBLEM? SHAKEN OUT TOO EARLY, RIGHT TRADE WRONG TIME, TOO TIGHT STOP LOSS?

WAS THIS A GOOD SETUP, DID I EXECUTE WELL, DID I FOLLOW MY PLAN, WAS MY MENTAL IN TACT? YES GREAT TRADE, EXECUTION, GREAT FOLLOWING PLAN, GREAT MENTAL AND PATIECE IN TACT