MNQM3 Trade on May 1, 2023 10:22 from Goku_BOWS: Tradervue User Stock Trades.

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Goku_BOWS

 

Daily Setup: Oversold, failed breakout
Intraday Setup: Topping pattern/price action, Break of support, breakout level
Layers of Probability: Overbought stochastic, big resistance level, dollar strong
Entry: Break of support
Stop: Not a clear level; 13310
Profit Strategy & Targets: 2:1 for original contract. Near mid and low of range for added position.

Thoughts/Thesis/Notes during the trade:
IWM & SPY failed b/o continuation, QQQ did not make highs when others broke out, Broke 13300 & 13290 support level, offered in at 13290 after it broke level cleanly and pulled back up.
very small, may add more with techinical setup.
5 & 15 MAs downtrend, hourly 8 is down, 21 curling down now.
UVXY not upticking,
Need to pick a stop and put in the system, High of failed uptrend pivto is 13320 area, too much risk. 13310 could work, but not clean, 13300 is a level, but not clean

Good scalp trend, but don't have great/clean R:R to for easy trade
TLT very weak, UUP very strong

IWM failed b/o and b/d SPY now just consolidating, QQQ faild b/d

Added 2 into 13300 resistance,
Too big, started to feel anxious, and risk was more than allowed.
UVXY just been grinding down, needs a correction
Wanted to work the range it's been in, but started to break out when I entered/added more, has tested too many times? Need to anticipate range? Or just wait for clear setup...

Hourly now forming a continuation hammer back up through 21
So close to getting 1 fill each time, too greedy? wrong levels?

Areas of Success:
Areas to Improve: Expected some chop today, wait for clean and clear setup and levels.
image


Execution detail:

Date/time Symbol Side Price Position
2023-05-01 10:22:51 MNQM3 sell $13290.00 short
2023-05-01 10:46:29 MNQM3 sell $13297.00 short
2023-05-01 10:47:31 MNQM3 sell $13301.75 short
2023-05-01 10:52:15 MNQM3 buy $13310.50 short
2023-05-01 10:52:41 MNQM3 sell $13312.00 short
2023-05-01 10:52:48 MNQM3 buy $13314.25 0


Comments

2023-05-11 10:29:35
 

tough trade here.. def. hear the thesis but tough execution

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