Game Plan
Plan
We saw a large move up Friday afternoon and into the overnight PM session on Sunday. Watching the indexes as we are again approaching ATH levels.
TSLA continues to remain strong. Looking for a pullback to 445.
NVDA looks good for a hold above 180
AMZN premarket high retest.
PLTR premarket high at 180
ORCL - PDL retest if mark folds over.
Review
Not a bad day. Sorta stuck in that zone, where I wanted to not be aggressive, but then let some opportunities go because of it. Should have jumped on that NVDA trade earlier, but wanted to wait for further confirmation, when I did the move already happened.
Trade Reviews
AMD - 5m PDH Retest.
Context(1Day): AMD looking a little choppy on the 1 day but it was bouncing off the key levels below. It was not a main watch heading into the open.
Context(15min): Premarket also looked like it was staying int he middle of the range and another reason it was not on the top of my premarket list.
Once market opened AMD started to show a lot of strength. It bounced off PDH then made a new high and came back down to retest the level. At this point I entered looking for another HOD.
Took paritals at HOD and 3:1 RR. Remainder of contracts got stopped out for BE as it came back to the entry.
NVDA - 5m Opening Range BnR
Contect(1day): We are in the middle of the range, but gapping up.
Context(15min): Was looking strong the PM gapping up and above PDH
Execution(1 Min): Took the opening range breakout.
Because price was above PDH and we were trading above yesterdays range, I should have looked at that first PB, instead of waiting for the 5 min orb, which in the end, was not a very strong ORB based on the levels. It was that seller candle that was the reaction level.
Missed Trade of The Day
Ticker - Playbook
Trade Thesis:
Daily Watchlist With Recap
Ticker: SPY
What I am watching: Big pop to open the week in the PM. We are again trending up towards the ATHs. Looking to see if we can get above the 666 level for a mvoe back up to the ATHs
Post Session Chart
A little choppy in the early part of the session. Sold off and we are not testing the PDH. We are still very bullish on the HTF. Just seems like a little Monday chop.
Ticker: QQQ
What I am watching: QQQ also looking very bullish. The daily pushed up and defended its lows two days in a row. We are also looking at ATHs with a push a above 600.
Post Session Chart
The Qs were stronger on the day. No super clean setups missed here either.
Ticker: TSLA
What I am watching: TSLA is staying very strong. I like a momentum play to the upside. watch 445 for a retest for a move back up to 450.
Post Session Chart
It didnt setup. It pushed off the open and then rolle dover. It seems we are rejecting the 440 level after filling the overnight gap. Actually looking really good on the hourly chart at the moment.
Ticker: NVDA
What I am watching: Watching for a move back up to the top of the range. Looking at the PMH level of 180.21 a the level price needs to hold above.
Post Session Chart
Took the 5min ORB, worked for a bit. A decent trade in terms of ready price action, but I think the level was a little weak. The better trade was the first pullback, but seemed to aggressive for me at the time.
Ticker: AMZN
What I am watching: AMZN above PMH looks like it has some room to move. Has bleed out a lot over the last two weeks and is now showing momentum again.
Post Session Chart
Never setup. Just ended up choppying around all day. No system entry
Ticker: ORCL
What I am watching: If the market rejects, ORCL is still looking juicy with the downside gamp. Watching below PDL
Post Session Chart
It played to the downside, but didn’t really give too many clean entries. The initial retest at 9:54, but it was immediate,
Ticker:
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What I am watching:
Post Session Chart
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Ticker:
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What I am watching:
Post Session Chart
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