AMZN Trade on Dec 15, 2023 09:42 from Trader_DK88-Andrew_BOWS: Tradervue User Stock Trades.

Improvements:

1. This was a trend continuation trade with a potential break of the opening range setting up on the 1 & 2-min timeframes.
2. The stock had gapped up off the open and then pushed higher. However I was not confident the stock would hold the gap-up.
3. The stock traded in a range as it pulled back down to the opening price and held it. This appeared to be the low of the range.
4. The stock held at the rising 9EMA and remounted the daily vwap, both bullish signals.
5. The stock was back at the 149-level however it had used energy off the lows to get there so I held off from entering.
6. The stock on the range graph had tried to break the 149-level approx. 8-times since the open and once I had seen the stock print a higher-low on the range chart, I entered the trade.
7. The stock broke the 149-level shortly after entering and pushed higher.
8. The 150-level was a major level and also a prior area of support.
9. Had focused on this area for profit harvesting as it was a major psychological level.
10. The market didn't have alot of ooomph in it so this made it difficult for it to really push up into the zone.
11. When the market pulled a little AZMZN also pulled from the 150-level.
12. I moved my stop order up under the prior 1-min candle which was the current active 2-min candle.
13. This proved to yield the same result as if I used the 2-min candle rule and was stopped out of the trade.
14. Unfortunately for me this meant the trade reversed from 2.10R and so I gave back 1.27R.
15. While I stuck to my rules this was a disappointing out and I was not happy with my overall performance.
16. I may need to reconsider my rules to allow for moving stop into the 1.5R position so this type of give back does not occur.
17. See range chart for trade mechanics.

Range chart:

Notes:

• Overall great identifying the setup off my watch window charts.
• Showed amazing discipline in stalking the entry and waiting for the setup of a higher-low before putting an entry of the trade.
• Profit harvesting, even though followed my rules, was not pleased with my outcome.

Actions:

Trade Technical variables:-

ATR:
Rvol:
AVol:
Beta:
Short:
Float:
Ins. Own:
WIC:
VWAP: