$ARPO trade plan (still open full position), built short knowing high-volume VWAP was above. Downside targets are noted and reasoning/thoughts behind the trade
UPDATE: First planned covers VWAP, 1/10 core position, expect HOD to be in so stop at 2.71
Minimizing risk by tightening stop over H/S pattern. Don't want this to base at VWAP and push to 2.75+
Stops on remaining shares moved to break-even so all risk is now removed. Either rotates down to my lower targets for NICE green, or retraces to my stop and I paid for commissions.
UPDATE: More planned covers but only light shares, but still holding MAJOR portion targeting 2.20s as main level to cover
Covered some more ARPO, but light shares....holding most of the core for 2.20s target
Flat ARPO for ALMOST full rotation. I saw this big block sitting at 2.30 and it wasn't chipping away, so covered all (session almost over). Sometimes fighting for that last nickle of profit isn't worth the dime of mental capital. Healthy green overall on the trade
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🚨 PM Quiz: $TKLF is top gapper and it's creating a very specific Supply/Demand pattern, and thus a very specific Demand Zone. So 3 questions for you....(1) what pattern is it?, (2) where is the Demand Zone, and most importantly (3) how can you use this to create a plan?
SPOILER (Answers). (1) Pattern is a Rally-Base-Rally, (2) current Demand Zone is that 2.05-2.11 area, and (3) here are a couple of ways you can approach trades....
🚨 Keep an eye on $DDL for testing HOD. It's a larger market cap / float than most rigged names, but it's showing it's structure. It'll need VOLUME soon and can't first break 5.80s Demand. Not trading it but will be watching.
Flags near VWAP = early indications of buying possibly coming in. Watch if flag breaks WITH VOLUME (needs larger than average vol. and sustained over several minutes). LONG: on flag break risking below, target HOD - SHORT: After HOD clearout, then fade. Again, NOT microfloat!!
As expected, volume picking up, sustaining...SQUEEZE timing is perfect and looks to be in the process...targets are most likely overhead Supply and HOD liquidity. Watch volume, it's EVERYTHING
🚨🔥[1/8] In order to understand nuances of a setup, you need to do a "deep dive" and backtest. This thread will give you everything you need to review the Type 1 HOD Clearout structure from @TradetheMatrix1 including examples and content to perform your OWN manual backtest
📈[2/8] BACKGROUND: First you need to understand WHY this structure routinely occures in small/microcaps. Here's the core article. Read it, then re-readit. When your done....read it again.
$REVB - Keep on watch for potential squeeze for HOD clearout. Needs VOLUME and then I'll be looking for this structure
Flagging above VWAP, that's positive sign for the squeeze...the timing and structure is right, now it's all about VOLUME...should happend in the next 2-10 mins if it's going to squeeze)
Need to break the70k resting orders at 1.46/47 then it'll rotate up to 1.60's liquidity. Again, VOLUME IS KEY...otherwise riggers aren't on this anymore and it'll die out
Didn't trade $RNXT, but clear Supply/Demand action happening. If $10 breaks then good chance the $11 flush reclaims. If $9 now breaks, should eat through the tested $8.10-50 Demand and rotate down to the main $7 Demand Zone
Volume picking up, flagging, $10 break....$11 reclaim should be about to happen
Here are the 3 'untested' Supply Zones up above. Supply = Sellers (and since price quickly left these levels, good chance there are unfilled transactions that are waiting to execute). Watch price action at each of these levels *IF* it makes it there...there will be resistance.
🚨QUIZ: Continually asking questions during the trading session is key as the landscape always changes (ex. "if THIS happens, THEN what? Where will I Enter? Exit?). Here are some scenarios that unfolding in my trading/planning and questions I asked...what are your answers?
(1/5) $HUT looks like a strong momentum swing setup. What chart formation do you see to confirm? What other variable is shown that might give you confidence to size up? Where is your stop?
(2/5) This is the premarket price action today on $WATT. Why did I enter where I did? If you would have entered there, where was your stop? and your 2 targets below?