-86 Week Ascending triangle forming -50SMA/200SMA bullish signal -3.21 has become an area of congestion for the past month with very attractive bollinger band squeeze on the daily - Could be an asymmetric R/R opportunity for pre-positioning of larger pattern completion
30 basis points planned
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Stop buy order @ 3.23 SL @ 3.13 TP @ 3.78
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I have too much risk on and is premature to pull up stops on other trades yet. Will let this strength within pattern opportunity pass. A breakout of larger pattern and I will consider it
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Ok, Now at a level I like. Am a buyer above 3.29 on a closing basis
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Had the pop in volume but not the close above boundary. Am happy to have resting orders in this market with volume confirmation
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Buy stop order @ 3.30 SL @ 3.21 TP @ 3.78
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Anticipating a fill today
Trade active
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Order filled @ 3.30
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Stop moved to 3.26
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Happy with the volume expansion on this
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Stop moved to 3.29 just below yesterday close. Some family matters have arisen, trimming down market exposure
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I proper buggered up. did not see dividend coming. Risk adjusted stop factoring dividend at 3.17. Same 30 basis points of risk
Trade closed manually
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Disregard... my process is too important to me and this is not a habit I want to develop. I fucked up
Id be thinking its actually under pretty heavy distribution atm
LOWER high(LH) and that belt of volume on the LH are warning signs to me
TomKirk
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@nfury8, Do you mean LH of 30APR against high of 11DEC?
TomKirk
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@nfury8, Genuine question as I like your small cap analysis. Do not often trade small cap
nfury8
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@Justinwjolly, away from charts atm but whenever there will wk
nfury8
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@nfury8, sorry on broken phone but yes I believe so
TomKirk
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@nfury8, Thats a valid point. I have always found pre positioning, especially in small caps, to be a bit of a long shot. This is how I see it on the daily and will play it as it unfolds, however that may be
LOWER high(LH) and that belt of volume on the LH are warning signs to me