Game Plan
Review
Not a bad day. The market sold off but none of the names I was looking at to the short side played out. Took one trade one TSLA, not a bad trade, but did not take enough profits when I scaled. Should have extracted more from this trade, but is what it is.
Trade Reviews
TSLA - 5m Opening Range BnR
Trade Thesis: TSLA was showing relative strength at the open. Was not a great 5min setup, but waited for confirmation and ended up working out.
Context(1day): Price continues to flag after the large run up at the beginning of the month.
Context(15min): Price remained fairly neutral in the premarket after a red day in the prior trading session.
Execution(1min): Took the 5 min ORB as it appeared buyers were stepping in.
Price moved in my favour, but did not take enough partials and had the last portion of my position stopped to BE.
Daily Watchlist With Recap
Ticker: SPY
What I am watching: Sell off yesterday, but price still very much bullish as the market needed to breath. For an upside move watching 665. As for the downside. If we get under PDL early in the session, and it holds we could see another move down into some deeper levels. Remember a PB is coming.
Post Session Chart
Similar trading day to yesterday where price was headed lower all day, but not enough panic to feel like I wanted to go short.
Ticker: QQQ
What I am watching: Similar chart to the Q’s watching the 600 level. Its the middle of the range, but if we turn bullish this could have a nice push back into ATH.
Post Session Chart
There were some trading opportunities around 10ish around 5 min range, but we were not below PDL, didnt want to get invovled.
Ticker: TSLA
Not a top watch, but if it can get below PDL then would be interested in a downside move. If we show strength and can get above thursday high trade into PDH and HTF targets could play.
What I am watching:
Post Session Chart
Traded TSLA today. B setup, but ultimately didnt manage the trade all that well.
Ticker: AAPL
AAPL reminded relatively stronger in a weak market yesterday.
What I am watching:
Post Session Chart
Didn’t setup
Ticker: GOOGL
Starting to look heavy. Watching PDL.
What I am watching:
Post Session Chart
Had the direction to the downside right, but didnt feel like a good setup was there.
Ticker: PLTR
Top watch, looking good above PMH for a move up to PDH and 189 ATH.
What I am watching:
Post Session Chart
Was looking for a long, and it went lower, so took it off my watch.
Ticker: AVGO
PDL looks like it could have some room below. There are points were buyers have steeped in, but there is a massive gap, so might be worth trying to get an earlier entry since it might not stop once it gets going.
What I am watching:
Post Session Chart
Had a nice PDL retest, but it moved to fast, was waiting for a little bit longer in the candle to make sure it was reversing, by the time that happened it was already close to LOD
Ticker:
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What I am watching:
Post Session Chart
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