$NFLX - Trade Review

             I saw @Gtotoy's tweet this afternoon on $CRR and I made this same mistake in $NFLX today. First off, want to say awesome trade to the traders who caught the move from the 70's to the 90's such as @SunriseTrader. It would have been insanely reckless of me to try and chase that move at any point once it got moving, however, the amount of attention it was getting on the stream, put it back on my radar. So I watched that entire run, without a position it. The move created a nice a nice pivot once it got into the gap. The last few days it pulled back to the 90-94 area on declining volume. Yesterday putting in doji bar. My plan was to get long through yesterday's high, which I did. The target on the swing trade a is move to fill its gap, up near the 119-120 area.
      Either way, I entered, but didn't peel any off mid morning, (greedy), was waiting for follow thru in the afternoon. By the time it started to get some legs and resume its up move, it was late afternoon. While I made about 2pts on the trade, I didn't have enough room to feel comfortable holding over the long weekend. Excuses I know. Had I peeled 1/2 to 3/4 off mid morning, I would have been more comfortable holding. Even with two points of room I SHOULD HAVE, held a small core position. I hate hearing would've should've could've...mistakes. While it was a awesome week, I botched $CF too getting wicked out at a break even in the gap down yesterday morning and not staying on top of it. Had a solid move yesterday with follow thru today. Congrats to @Gtotoy and the #DTBC crew who are still on it.
         I still like the bar $NFLX put in today as volume was above average, I will most likely look for entry as it clears the 100 mark or possibly a gap down next week.
         Lesson? Follow your rules. I didn't today and I'll have to wait for an another entry next week. Hope everyone has a great weekend.

NFLX Daily

 NFLX 5min

$CF - Trade Review

            I originally entered a swing in CF yesterday on the gap and go above this descending trend line. Ideally, I wanted to see the gap hold, so I put my stop a little below the low of the day. Unfortunately, this morning I was stopped out at a loss.
           Looking again at the daily chart I wanted to see if this descending trend line that was previous resistance would hold or if the break out would fail all together. Not wanting to get away from CF, I decided to drop down to my 5 min to look for a re-entry, and use my intraday leverage to gain some cushion as well as make back the loss I took being stopped out. Not the best mind set, but I was focused nonetheless.
           Intraday, CF offered a few different opportunities to add and take off risk. Take a look at the 5min. Volume was actually declining on the move down with two huge volume bars at 8:45am and 9:00am, then again at 9:15am. I waited for confirmation and entered a long position at 9:20am at 163.80, putting my stop under the low of that candle at 162.50. While, CF is probably not anyone's first choice to day trade, it did act well the remainder of the day. A few things I took notice to...
        1. Volume increased at the bottom to the upside
        2. Volume increased and was above average on break outs
        3. Once the morning high was broken at 12:10pm, it held at 1:15am on strong volume.

CF Daily

 CF 5min

 CF 1min

Charts of Interest - $AAP $CAT $CFX $CXO $DG $HLF $HMSY etc...

        A few names that were mentioned in IBD today such as CFX and IHS, both caught my attention. If you look at the weekly chart of CFX, it has been under accumulation since late October. IHS also mentioned just cleared its 90 area soaring to new all time highs on about 4x average volume.
         HLF was looking like a great short as it flagged underneath the 200dma, although breaking out to the upside today thru its 200dma, which for almost a month was finding as resistance. The descending wedge suggests a measured move back to where the pattern originated at highs 63.40ish. A move thru the 50d may provide another entry.
        @Flare9x and @ABTrader brought NUAN and INVN to my attention which I entered yesterday. Both working well. INVN moving higher on strong volume.
        My favorites remain OXY, EOG, APA, APC, DVN, PXD, NOV, CXO, CLR, and for a cheap one EPM is setting up nicely.

AAP Daily

AAP Weekly

 

 CAT Daily

 CFX Daily

 DG Daily

 HLF Daily

 HMSY Daily

 IHS Daily

 INVN Daily

 NUAN Daily

 ULTA Daily

 CXO Daily

 CXO Weekly

 OXY Daily

 OXY Weekly

 PXD Daily

CF Daily