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$ADYEN (+1,64 %) is fighting for the VWAP (month), is on the watchlist for a trade. If it goes above the VWAP (purple line) it becomes interesting for a trade. Now only the right candle has to come -> long wick below, small body would show pressure from the buy side.
@Multibagger You are also back - both directions would be an option for you. If the resistance at the VWAP is still too great, a short with leverage would also be something, wouldn't it?
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Edit Update July 7 12:00:
I was able to open a position before the breakout above the VWAP at 9:53 (1528,80€). This is now hedged above the VWAP with an SL (1535€). If it goes back down again, I will be out with a small plus. But I will keep an eye on further entries around the VWAP 😉
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Edit Update July 7 13:50
The price has reached the monthly high, the last candles indicate selling pressure, so I tightened the stop, which was triggered a few minutes later. The trade is therefore closed again.
$ADYEN (+1,64 %) remains on the watchlist - either the highs of the month develop into a support, or the VWAP area is approached again, both areas would then be interesting for a new trade😁
I hope this end-to-end view of a trade, from index identification in the morning - to entry - to hedging - to exit, will help you to understand my trading strategies.
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Edit Update July 7 after close of trading on Adyen's home exchange - Conclusion:
Well, after my exit (SL at 1547,20€) shortly before 14:00 it got really turbulent again! The selling pressure shown in the chart from earlier "unloaded" shortly afterwards. The price fell back to €1535 within minutes, but rose again very dynamically after a short breather. According to the VWAP of the session, this would have been another great entry point, but I missed it - it happens... 😭
In hindsight, you always know better, but I stay true to my system and risk management 😉
I'll keep watching Adyen, let's see how the opening goes tomorrow. At the moment, the price is too far away from the VWAP of the session for me to enter again. The focus area is the zone around 1561-1565. Maybe tomorrow will be another good entry point?
There is still plenty of room up to €1750, it's better to miss a few € on the way up than to take the risk and fall back into the loss zone 🤷♂️ That's trading.
PS: the capital went back into a day trade in the late afternoon. $HSAI (+11,18 %) flowed into a day trade. The chart around the VWAP was right again.
#trading
