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BG Trade ReviewRecent sessions produced several short-term momentum opportunities. The watchlist was created from a scan for stocks making new 52-week highs within the last three months. From this scan, about 20 names were selected. There were multiple continuation setups, for example BG, BTU, ADI, M, SOLV, PFG, NTRS, RF, and others. Some names remain indecisive so far, such as CPRI and CSIQ. The approach is to enter within the pullback rather than on late breakout entries, with the purpose of selling into momentum. This means entries should not be chased and stops are placed at a reasonable distance, since the time of expansion is not predictive. In this post, I review one of several trades. This is not a best-case setup, but simply the most recently closed trade. In BG, there was a prior momentum move followed by a controlled, somewhat complex pullback, which I most of the time tend to avoid. In this case, however, entry was taken on expansion from a lower reference point. Entry was at 90.70, and the position was sold into third-day highs near 95, resulting in a 1R outcome. Risk is standardized. Position size is fractal 2% of account, stop is placed at 2-3 ATR with a fixed 1R target. These values and brackets are automated via the risk module . Hopefully, I can review more clear setups in the near future.
NYSE:BGLong
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RLAY Trade ReviewThis approach is based on pullbacks. A pullback is a short-term counter-move in response to a strong impulse move. It is a controlled reversion towards the mean, which offers a structured approach to enter in case of momentum resumption. There is no precise execution point, rather approximation and patience. A weekend watchlist is created using objective criteria and discretion. Alerts are placed and monitored during the week, with entries taken either on a valid pullback condition or in response to indication of continuation. Watchlist: IMTX, NEE, FDMT, FE, EVRG, RLAY. FE has been active since November 17 and has bracket orders. No interference. RLAY Trade Entry: 7.14 Stop: 2.25 ATR Target: 1R Risk: 1% of Account The target was reached within the same session. Closed at 8.09 for a full 1R result. If you want more trade reviews, weekend watchlists, or how to build a simple process, comment and let me know.
NASDAQ:RLAYLong
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Trade Review - BYONWhen SAGE showed up in screener there was a bullish continuation pattern on the daily timeframe and a potential exhaustion on the higher timeframe. The higher timeframe is in a downtrend, have made a measured move down (volatility projection) and is extended from the mean, thus we observe for potential reversion. The lower timeframe provided a bullish continuation setup, which allows us to enter with a more structured approach. The target was a measured move up, as this is a projection of the current volatility.
NYSE:BBBYLong
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Trade Review - SAGEWhen SAGE showed up in screener there was a bullish continuation pattern on the daily timeframe and a potential overextension on the higher timeframe downtrend. The higher timeframe is in a downtrend, have made a measured move down (volatility projection) and is extended from the mean, thus we observe for potential reversion. The lower timeframe provides a bullish continuation setup, which allows us to enter with a more structured approach. There was a failure test entry earlier, but since this was missed we look for a more clear range expansion as a confirmation. The target is a measured move up, as this is a projection of the current volatility. In this chart you can observe the actual expansion / breakout, since there was a noticeable contraction 2 bars prior the move could be entered quicker. The stop is located 1-2 ATR from the entry point, which allows for a 1.5 to 2 R trade.
SLong
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Trade Review - ALGS When stock showed up in screener showed a bullish continuation pattern on daily timeframe and a potential failure test / pullback on the higher timeframe downtrend, a bit near mean but was added to watchlist. Execution chart. Trade Overview • Structure: Bullish Continuation (D) • Position: Near Mean (D) • Entry Trigger: Breakout (D) Entry Details • Entry Price: 11.13 • Stop Price: 9.38 • Target Price: 12.96 • Expected Risk/Reward: 1.05R Exit Strategy • Exit Price: 14.47 / 1.91R
NASDAQ:ALGSLong
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Trade Review - LUNR When found in the screener, the stock showed a decent continuation pattern on the weekly chart. It was added to the watchlist to track a potential move, still were some distance to prior swing high. Execution Chart. Trade Overview • Structure: Bullish Continuation • Position: Near Mean • Entry Trigger: Range Expansion Entry Details • Entry Price: 9.38 • Stop Price: 8.30 • Target Price: 12.36 • Expected Risk/Reward: 2.65 R Exit Strategy • Exit Price: Closed 50% into 1R and rest at 12.18.
NASDAQ:LUNRLong
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Trade Review - WEST When the stock showed up on the screener there was a bullish continuation setup on the daily chart and a potential overextension on the higher timeframe downtrend. Thus added to the watchlist to monitor for a move. Execution – Entered late on a debatable Failure Test. Trade Overview • Structure: Bullish Continuation (D) / Downtrend Pullback (W) • Position: Near Mean (D) / Far from Mean (W) • Entry Trigger: Failed Breakdown (Late) Entry Details • Entry Price: 6.90 • Stop Price: 6.40 • Target Price: 8.46 • Expected Risk/Reward: 3.12 R Exit Strategy • Exit Price: Closed 75% of position into 1R and rest hit stop at breakeven.
NASDAQ:WESTLong
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Trade Review - NPWR Found this stock on the screener showing a bullish continuation setup on the daily chart. On the higher timeframe downtrend, looked like the pullback had been played out. Despite it was added it to the watchlist to monitor. Execution – Later Entry. Trade Overview • Structure: Bullish Continuation (D) / Bearish Pullback (W) • Position: Near Mean (D) / Near Mean (W) • Entry Trigger: Breakout / Range Expansion Entry Details • Entry Price: 9.92 • Stop Price: 8.91 • Target Price: 12.34 • Expected Risk/Reward: 2.36 R Exit Strategy • Exit Price: Closed 75% at 11.34 and 25% at 12.34.
NYSE:NPWRLong
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Trade Review - DNA When this stock was added to the watchlist, it displayed a bullish continuation setup on the daily timeframe. On the higher timeframe, there was also a potential for downside overextension, suggesting a possible pullback within the larger downtrend. On the next chart, executions are shown. In anticipation of the trade, I look for a failed breakout against the trend—a failure test—where the price moves outside the lower boundary of an established consolidation. If it then closes back within the range, I sometimes enter before market close. For these trades, I often close a partial position as the price nears the upper part of the range, in case the range holds without a breakout. Trade Overview • Structure: Bullish Continuation (D) / Bearish Pullback (W) • Position: Near Mean (D) / Extended from Mean (W) • Entry Trigger: Failed Breakout (Opposite to Trend) Entry Details • Entry Price: 7.77 • Stop Price: 6.73 • Target Price (Range): 8.72 • Target Price (Measured Move): 11.62 Exit Strategy • Exit Price: Closed 50% into 9.03 > Rest hit SL at 7.95.
NYSE:DNALong
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Trade Review - KRUS This stock was added to the watchlist based on a bullish continuation setup on the daily timeframe (noticeable upward move followed by a pullback or consolidation near the mean price). The higher timeframe, we observed that the stock has been moving within a range, even shown a failed breakdown / failure test to the downside. Its now inside range, without interference. Trade was entered as a breakout. Trade Overview • Structure: Bullish Continuation (D) / Range (W) • Position: Near Mean (D) / Inside Range (W) • Entry Trigger: Breakout Entry Details • Entry Price: 86.45 • Stop Price: 80.50 • Target Price: 103.10 • Expected Risk/Reward: 2.8 R Exit Strategy • Exit: Closed 50% at 1R, rest at or near target price.
NASDAQ:KRUSLong
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