TSLA Trade on Mar 13, 2023 10:58 from Trader_DK88-Andrew_BOWS: Tradervue User Stock Trades.

Improvements:

This was a great momentum trade that scalped the momentum leg up off the VWAP.
The stock is in a down trend on the medium term daily timeframe and short term the stock was trending down.
On this trade the stock had been stuck in a range for about 45-mins.
The stock had dropped down onto the VWAP and then was immediately bought back up, which was a very bullish sign.
In this one move the stock had closed above the 9 & 20EMAs and held above them, another bullish signal.
These factors triggered my entry into a position.
Here I should have anticipated a small sideways consolidation after a strong up-move.
While I had added two risk units on the trade, I had missed the opportunity to add a 3rd tier of risk on the break of the small consolidation as it pushed up through the 170-level.
Was good analysis in anticipating some resistance at the 172-level which was a support level from the prior trading day.
While the stock continued to the upside via a number of momentum legs, this was not that trade. It was a scalp trade.

Notes:

Good momentum scalp trade
Good analysis in identifying the stock being bought up off the VWAP
Good profit harvesting at prior support from previous trading day

Actions:

Trade Technical variables:-

ATR: 10.52
Rvol: 0.83
AVol: 171.3M
Beta: 2.74
Short: 3.08%
Float: 2.7B
Ins. Own: 44.8%
WIC: Sellers (short), Buyers (mid)
VWAP: Above (Daily), Below (2DAY)

Execution detail:

Date/time	Symbol	Side	Price	Position
2023-03-13 10:58:11	TSLA	buy	$169.560	long
2023-03-13 10:59:24	TSLA	buy	$169.870	long
2023-03-13 11:21:01	TSLA	sell	$172.210	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=TSLA&trade=50782798&end=20230313121301&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275&study1=ema(9)&study2=vwap(none)');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=TSLA&trade=50782798&end=20230313134101&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275&study1=ema(9)&study2=vwap(none)');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=TSLA&trade=50782798&end=20230313160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275&study1=ema(9)&study2=vwap(none)');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=TSLA&trade=50782798&end=20230313160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275&study1=ema(130)&study2=vwap(none)');}

Comments

whitepanther

2023-03-13 16:34:29

I traded TSLA today, similar to you.

longtkien

2023-03-13 20:00:07

Hello, I've been in BOWS class for couple month now. I notice all of your chart have entry and exit diamond symbols on it. Mine only shows up on the daily chart. Is there a setting I have to change to add that too all the chart? Thanks.

Trader_DK88-Andrew_BOWS

2023-03-13 20:37:55

Hi Longtkein,

The entry & exit diamonds should automatically display for you.

When you import the trades check what the time tradervue sets foe each execution on the trade in tradervue.
I noticed sometimes, due to the daylight savings change over and potentially the time difference in Australia, it sets the wrong time on the execution and I have to manually change it to the correct time.