TSLA Trade on Jun 22, 2016 12:50 from MAllum_BOWS: Tradervue User Stock Trades.

These are really small plays in the grand scheme of things. Was conscious about the potential R:R if the stock broke out again the overhead resistance of the VWAP and 20MA. Sometimes I see stocks do this around lunch time but I would usually wait for them to cross the MAs by which time I missed most of the move, so I decided to get in in anticipation here and see if it broke through its MA's. Took some profit in 1/5s because I didn't want to be left empty-handed but then it put in a doji at the 20MA and a big red candle so I stopped out. I raised my stop to my buy price so I was able to break even on the remaining 60 shares.
I notice that we usually get some reversal candlesticks when stocks get to resistance and support levels so I don't always trust them to mean a reversal as it could be profit-taking. But from what Chai was telling me, I should be getting out of my trades at the highs and lows of the box, not taking trades in the middle of the range where I don't know where the stock is going to move. Im still having trouble determining which are the highs and lows to play between because for trending stocks yesterday's high may be tomorrow's low or middle range.