Thank you Dae for all the time and efforts!
Recap for 9/1/2022 – APGN
- 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 lines are intraday levels, which i find using big stick 5min candles# White horizontal lines are Pre-market high and Pre-market low Blue circles = Entry / Yellow circles = stops / Orange arrows = support levels for entries / White circles and arrows = 5min candles or Resistance areas to sell
- Entry 1 – So you could of taken it on the 50ema if your size is small enough, but there wasn’t much volume, so we add after the inverted hammer Reason for entry – Had enough volume to warrant an entry and had bounced off of 50ema Stop – Stop is always the bottom wick of the lowest candle of the consolidation/bounce Profit targets – Big 5min candles or daily levels, you should also sell some at VWAP here, but i didn’t mark it as i like to hold for 5min candle to close (keep in mind for this trade both of the intraday yellow lines and PMH weren’t yet marked
- [4:37 PM]Dae: Entry 2 – Nice 5min hammer Reason for entry2 – After the bearish engulf knife candle, we showed a nice pop back above the 50ema, really nice set up Stop2 – Stop is always the bottom wick of the lowest candle of the consolidation/bounce Profit targets2 – Could of got 1 sell at VWAP and then you should be stopping out breakeven, if not the break of the 50ema is a sign to sell
- [4:41 PM]Dae: Entry 3 – So this is an entry at open and they always carry a lot more risk, but i added the small green hammer into open Reason for entry3 – Hammer which was basically at the same level as our entry on example 1 Stop3 – Stop is always the bottom wick of the lowest candle of the consolidation/bounce and i did stop here, but just because you stop out, doesn’t mean the stock is finished Profit targets3 – Keep in mind we now have a PMH level (white line)
- [4:46 PM]Dae: Entry4 – In the same area as Entry3, the 1min chart had a small red hammer, i actually saw this late and added high at the hammer close at $1.45 Reason for entry4 – After the dip at open, it held above PML and consolidated nicely Stop4 – Stop is always the bottom wick of the lowest candle of the consolidation/bounce Profit targets4 – Big 5min candles or daily levels are my favourites, but you have VWAP and PMH as well
- [4:50 PM]Dae: There is another potential entry (just before entry 5) and the reason we didn’t take it is because we have only just added our 2 intraday (yellow horizontal lines) and it is also too close to VWAP for my liking, i sometimes take those, but i was trying to trade safely today
- [4:55 PM]Dae: Entry5 – Inverted hammer on the daily $1.80 level Reason for entry5 – Bounced off of the 50ema, we could of added sooner, but it is best to play it safe at the moment Stop5 – Stop is always the bottom wick of the lowest candle of the consolidation/bounce Profit targets5 – Big 5min candles or daily levels and VWAP (when a 5min candle closes around VWAP that is a good level to sell at)
- [4:59 PM]Dae: Entry6 – There are a few signals for entries, $1.80 was the level that had shown it can hold, so you can set the order at that, now you would get stopped out if you followed the usual stop, but you also had another entry after that as well Reason for entry6 – Not a single candle closed below $1.80 daily level Stop6 – Stop is always the bottom wick of the lowest candle of the consolidation/bounce Profit targets6 – VWAP, we never got anything more from this entry, 15c trade, not great, but a lot of time to offload most, if not all your position to maximise profit, if not you should be stopping at entry
- [5:02 PM]Dae: Entry7 – Hammer entry and when you switch to the 1min, there was a hammer on volume before the big push Reason for entry7 – Hammer on volume during power hour Stop7 – Stop is always the bottom wick of the lowest candle of the consolidation/bounce Profit targets7 – Big 5min candles or daily levels, PMH, Intraday level and VWAP lots of options to sell here
- DaeEntry4 – In the same area as Entry3, the 1min chart had a small red hammer, i actually saw this late and added high at the hammer close at $1.45 Reason for entry4 – After the dip at open, it held above PML and consolidated nicely Stop4 – Stop is always the bottom wick of the lowest candle of the consolidation/bounce Profit targets4 – Big 5min candles or daily levels are my favourites, but you have VWAP and PMH as well
- DaeEntry7 – Hammer entry and when you switch to the 1min, there was a hammer on volume before the big push Reason for entry7 – Hammer on volume during power hour Stop7 – Stop is always the bottom wick of the lowest candle of the consolidation/bounce Profit targets7 – Big 5min candles or daily levels, PMH, Intraday level and VWAP lots of options to sell here
