XLF Trade on Jun 15, 2022 14:33 from spyrosz: Tradervue User Stock Trades.

Looking for good r/r long opportunities after the fast & furious 3-day sell-off.
$XLF did a round-trip to pre-Covid high=$31, being wayy over-extended even from

.
Difficult to break lower w/o some kind of a reaction first.

$31 support level held yesterday almost to the penny ($31.05), so today

-- Got long Tier 0 -lucky fill after FOMC volatility- risking stop $29.5s, 1.5xATR=$1.5 below the suppport pivot $31
-- Expecting buyers to defend the level and $XLF have a sharp move away from price
-- 1st target 9SMA@daily, 2nd target 9SMA@weekly

06-24-2022
Some profit taking. Let's see how it will trade around $32.5-33 and if it can push higher, towards $33. If sellers step down & it starts getting rejected here for consecutive days, it may roll-over.

06-28-2022
Getting loser to main target 9SMA@weekly & $33 area. $33 area is confluence of resistance with SMAs@daily & weekly timeframes, and daily support pivots converging into. Tried to push at the open but got sold quickly.
Sold some, but probably not as much as I would like to, given how the day progressed and the candle it put.
Let's tighten stops here as follows for the remaining size:
-- 50% below 9SMA@daily & $31.5
-- rest 50% below 200SMA@weekly & $30

07-14-2022
$JPM terrible ER #s (some -28% rev. YoY etc. etc.), but had managed risk very well, I was comfortable with my size, so the gap-down right in-front of the 200SMA@weekly looked good for an add..

-- Added 0.5xTier 0 in-front of the 200SMA@weekly when I saw that the SMA held support to the penny, w/o funky business below it, risking stop below $30 for the whole position
-- Expecting buyers to show up and defend the level, $XLF push higher. Not exactly the best action and close..Holding tight.

07-18-2022
Played well. Sold 1/3 into previous daily resistance pivot=$32.5s.
Nasty rejection today, I don't want to see it below $31 again.
Stop remains same, below 200SMA@weekly & $30 whole number.

07-29-2022
Daily gap fill at $33.7s done. Trimmed position into the rally.
Looking great, holding really well.
Updated trailing stop is 32.3s for remaining size