M2KM3 Trade on Apr 26, 2023 07:41 from Goku_BOWS: Tradervue User Stock Trades.

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Goku_BOWS

 

Daily Setup: Oversold bounce
Intraday Setup: Bounce on support level, higher low pivot
Layers of Probability: Pre Market support, Indices made lows but $UVXY did not make highs or even green and starting to pivot down
Entry: Higher low inside candle, early entry and added w/ confirmation
Stop: Low of pivot
Profit Strategy & Targets: Covered risk @ 1:1, covered more near 1750, then 1/6 more near HOD and trailed the rest, stopped remaining 1/6

Thoughts/Thesis/Notes during the trade:
M2k bounce off daily support, missed that extension trade and idea, watched to see how it reacted vs. the 8ema to see if it setup short or long.
UVXY did not go green or break yesterday's highs.
Higher probabiliity of putting in higher low.
Waited for pivot to form and offered in 2/3 position. Accidentally only set order for 1 contract, offered the other 3 a bit higher. Realized windows don't automatically match order size. I wonder if hotkeys would be benefial, the point and click trading is very simple here.
UVXY cotinuing to fade, M2k range on 5, one will have to give.
Buy stop at break of second inside 5 and up.
Covered risk.
Next tgt 1750, range s/r level after hours.
Then 1755 closer to pre high

Areas of Success: Patient all morning waiting for trend or setup, watching levels from other time frames for targets, entries, etc. Setting orders in system, following plan, and let them work. Watching UVXY
Areas to Improve:
image


Execution detail:

Date/time Symbol Side Price Position
2023-04-26 07:41:34 M2KM3 buy $1744.00 long
2023-04-26 07:42:13 M2KM3 buy $1744.50 long
2023-04-26 07:51:54 M2KM3 buy $1745.35 long
2023-04-26 07:52:18 M2KM3 sell $1747.40 long
2023-04-26 07:52:19 M2KM3 sell $1747.40 long
2023-04-26 07:59:00 M2KM3 sell $1749.90 long
2023-04-26 08:21:07 M2KM3 sell $1754.90 long
2023-04-26 09:35:19 M2KM3 sell $1749.50 0


Comments

Gravatar trmcgovern
2023-05-11 23:34:48
 

Nice trade

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