SPY Trade on Oct 22, 2015 11:36 from Holden: Tradervue User Stock Trades.

ANTI PLAYBOOK -
Looking for an intraday Reversal at resistance following a strong drive higher - did not confirm - SPY
SPY gapped up and drove higher off the open through the morning right up to a key resistance level. my thought coming into the session was that we would see selling pressure coming in and taking the action lower as we were gapping up into R level. This did not happen and as the big picture drove higher up through the morning there were all sorts of indications today was a trend day:
Keys to an upside trend day
Research and information collection (what I was seeing and where I sourced the idea)
I was looking at longer term levels, specifically 204.5 as a possible resistance area and with the upside drive higher early I should have been paying attention to more than just the price action to actually confirm this was showing an upside trend day today.
Creativity and the generation of trading idea (my thought process for what could develop)
With the failure at 204.6 and pull in back below 204.4 I thought I may get a strong reversal.
In reality, on upside trend days, I often will have a short opportunity but that typically does not occur until late in the session following a poor high or series of poor highs where the action tries multiple times to break to new highs, is unable to and so finds itself overly long where a brief but powerful liquidation break may occur (look for a retracement back to the 20 MA on the 3 day - 15 min chart. (adapted from a futures trade set up)
Entry execution and position management (Why did I take the play, why did I size as I did and what was my plan?)
Idea was correct as I was looking for the right set up but did not clearly understand it enough and had no edge to execute
Had placed stop above prior intraday day high and when action failed to break lower and drove quickly higher was stopped out of position. This would have been a much better opportunity to look for a continuation move (see chart)
Risk management and exit execution (My plan for the play and my reasons2sell)
Small size allowed me to control real risk effectively and control how much open p/l was given back on this play.
Self Management (Specifically self talk and did I support myself in a way that allowed me to execute to plan)
Had a really good idea, one that I have been researching, still have work to do here for real edge.
Why is this my anti-playbook trade and what do I need to do to improve
this is my anti-playbook trade because:
I did not have real edge to execute (was an idea of the play, not the actual set up for the play I was looking for)
I did not write out the rules for this play prior to taking the position was just trading based on discretion - not my edge