MSFT Trade on Dec 28, 2018 09:49 from MarcoG: Tradervue User Stock Trades.

MSFT was on the watch list as well as weak in a bull rally. Indeed it dropped immediately after the opening and gave little space for some more immediately afterwards. I have entered here. My strategy consts in holding on for the price to fade or cross the VWAP in accordance with SPY. If SPY is in a downtrend and making corrections or little consolidations, stocks that needed that support will drop as soon as the SPY will make new lows. Holding to VWAP cross and fade can be considered a confirmation to the price again following the down trend. Today SPY was not supposed to drop and I knew it. I am not arrogant I just read indicators/volumes in accordance with price in a main Trend scenario. In premarket SPY signed 2 levels. 247.50 and 248 with 2 different candle sticks with respective +15 on the CCI with a big shadow of more then 2$ price movement down and a red candle stick with CCI -230. Those impulses brought the SPY to record new lows but weak highs that resolved already in premarket. With this kind of configuration SPY doesn't pop and doesn't fall too. SPY stays quiet over there. Supply and demand is basically weak and the price movements are made more by algo shit rather then real sentiment. If there would have been a real buying impulse CCI was reaching levels above 350 or below accordingly. The SPY years ago I guess would not have moved soo much. BTW loved to trade those days. Full of opportunities. Years from now perhaps I will eat my fingers to don't have take advantage of such volatility making good trades.

A note: I use CCI 50 periods on a 5min charts. IT IS A CRYSTAL BALL. But never rely on it to start or close a trade. Those indicators are useful to understand the main trend but not entry or exit levels. Watch out!!

05/13/2019
Happy to see my progress from late December till today. Though the entry was nice the takes are ridiculous lol :P
And the use of the CCI as per today is no longer there since January 2019!