Dae’s trades recap for the 5th of January 2023

Thank you Dae for taking the time to put these explanations together for us!

Recap for 5/1/2022 – BLPH

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Indicators Dashed purple line = VWAP / Pink line = 8ema / White line = 12ema / Blue line = 26ema / Yellow line = 50ema / Teal line = 89ema / Orange line = 200ema and Volume Support and Resistance levels Horizontal solid purple lines are either daily or hourly levels Yellow horizontal line are intraday levels, which i find using big stick 5min candles Blue circles = Entry / Yellow circles = stops / Orange arrows = support levels for entries / White circles and arrows = 5min candles or Resistance areas to sell ———————————————————————————————————————————————————————– Entry – First entry was after news came out, it had popped and sold off a bit, we had a lovely 5min hammer Reason for entry – It had held the intraday level, i use 5min stick candles as support and have circled it Stop – Stop is always the bottom wick of the lowest candle of the consolidation/bounce Profit targets – 5min candles and daily levels, was a huge move so whole dollar levels and half dollar levels would be used as well ———————————————————————————————————————————————————————–

[3:36 PM]Dae: Entry2 – Hammer on double bottom to confirm entry signal Reason for entry2 – Was a bit riskier with VWAP just above it and it had sold off, but it held that intraday level more or less and it was a 5min double bottom which i like Stop2 – Stop is always the bottom wick of the lowest candle of the consolidation/bounce Profit targets2 – VWAP then each daily level above (you would of got 1 VWAP tap then a stop at entry, not great ———————————————————————————————————————————————————————–

[3:40 PM]Dae: Entry3 – This entry was a 2 candle set up, 1 hammer into a small green inverted hammer Reason for entry3 – Looking at the chart, i should of mapped my intraday levels (which i didn’t, breaking one of my rules) it was the weakest set up on the chart, but hindsight is a beautiful thing Stop3 – Stop is always the bottom wick of the lowest candle of the consolidation/bounce Profit targets3 – Would of been the daily level, then VWAP then the next daily levels and stopped out ———————————————————————————————————————————————————————–

[3:43 PM]Dae: Entry4 – A bit more patient here, waiting for a few consolidation candles to form before adding the inverted hammer, although the 2 candle set up would of held Reason for entry4 – The sell off from previous set up was weak and wasn’t even a knife, but formed a hammer, it had consolidated nicely for a few candles Stop4 – Stop is always the bottom wick of the lowest candle of the consolidation/bounce Profit targets4 – Would of taken any big stick 5min candles, but it slowly climbed up to test the daily then VWAP ———————————————————————————————————————————————————————–

[3:45 PM]Dae: Entry5 – Hammer candle off of 50ema Reason for entry5 – Was a nice double bottom, volume was low now, but still was top volume and percentage gainer on the day so is on everyone’s watchlist Stop5 – Stop is always the bottom wick of the lowest candle of the consolidation/bounce Profit targets5 – Same targets as previous 2 trades ———————————————————————————————————————————————————————–

[3:51 PM]Dae: Recap for 5/1/2022 – ATNF (edited)ImageImage

[3:51 PM]Dae: Entry – 2 candle formation on 1min chart, 5min chart inverted hammer Reason for entry – Momentum trade with volume at open and previous runner with VWAP holding nicely Stop – Stop is always the bottom wick of the lowest candle of the consolidation/bounce Profit targets – 5min candle/daily level ———————————————————————————————————————————————————————– (edited)

[3:56 PM]Dae: Entry2 – Double bottom Reason for entry2 – 26ema on 5min held, it was a nice double bottom, we were missing a good hammer for the 5min set up, but the wick off of the 26ema is enough imo Stop2 – Stop is always the bottom wick of the lowest candle of the consolidation/bounce Profit targets2 – 5min candles or daily levels ———————————————————————————————————————————————————————–

[4:01 PM]Dae: Entry3 – Lovely 5min hammer Reason for entry3 – Was right on a daily level, it held the 12ema despite the drop and didn’ even hit VWAP there Stop3 – Stop is always the bottom wick of the lowest candle of the consolidation/bounce Profit targets3 – 5min candles or daily levels ———————————————————————————————————————————————————————–

[4:06 PM]Dae: Entry4 -2 candle set up on daily level Reason for entry4 – Popped up from 26ema, which had been respected before the big push, held the daily level and had the 2 candle set up, it was now officially backside, but worth the risk imo Stop4 – Stop is always the bottom wick of the lowest candle of the consolidation/bounce and we would i stopped out on this one Profit targets4 – 5min candles or daily levels ———————————————————————————————————————————————————————–👍2

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