my notes and strategy for HYRE --
although not perfect, sure does relieve alot of my emotion and anxiety from the trade.
Notes: previous high in july last year was 6.5, friday 01/11/19 high was 4.4.
early day high was on or near 4.4 as well.
can it break that 4.4 high?
appears to be the vwap hold highday pattern discussed on stt webinar with tim.
morning spike last friday 01/11/19 with good vol.
appears to spike in the mornings.
watch vwap.
came up on my screener.
came up on multiple screeners.
Trading hour notes:
news shows an SEC filings update. although do not know what it is... lol
as predicted it ran up a bit in the morning and broke through the previous high of 4.40.
was only at 550k vol when i exited.
exited as a watched the volume fading.
Entry Strategy: place trade if spike on monday morning and high vol @ 4.21ish.
Exit Strategy: if it dips in morning after order, then cut losses @ 4.21ish.
looking for a run to previous high of day @ 4.4 at least. if it breaks 4.4 watch for run to 5.06 which would be 15%.
place sell order @ 5.06.
although i did not hit my full goal of 5.06, i took the meat of the move for me.
as tim said on his last video RWLK, start by taking 50% then 75% and then 100%.
i entered at my entry price of 4.21 - yeah buddy!
i exited at 4.44.
made $46 green backs! well, on paper that is....
using STT with the paper module and it works very well!
this is actually my 4th trade, only one of which was for a small loss.
thanks Mr. Sykes for all your hard work on teaching this shit to hard headed MoFo's like me.
still a long ways to go, however, nice to actually start making some trades after 2 months of solid studying.
had to push through my fears of actually making a trade.
I'm coming up, I want the world to know......
Peace and I out for now.
bowechaim
Posted Jan 14, 19 9:24 AMbybowechaim
Categories
Fundamental Analysis, Price Action: Breakouts
Tickers
HYRE
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