6D·

Irish the next 📈

$IREN (+11,35%) After my day trades last week, I started a swing long yesterday evening at 53.73$ / 100 shares.

Let's see how many days it swings 🤣

That's the nice thing about "trading", you can concentrate on day trading or swings depending on how much time and energy you have.

...or do nothing at all for a few days 🤷🏽‍♂️

Update 23.01.2026 / 18:00: Since the price has reached the upper edge of the box today (range of the previous day +8.5% 😁), I'll set a trailing SL to secure the profits, let's see how long it goes up today 🧐💰

I wouldn't be surprised if this +8.5% is sold off again towards the close of trading / end of the week up to the VWAP. Would then be the next long entry.

Update2 23.01. The trailing SL was triggered at 57.70$, profits were secured 😁

Screeny IKBR shortly before triggering

In the course of the evening I opened 2 more shorts from the 58$ level up to the range of the previous day.

At the close of trading, the price then landed almost exactly on the upper edge of the previous day's range at 56.69$. Let's see whether this level proves to be support next week or continues to be resistance 🧐

#trading

TomTurboInvest

@TomTurboInvest

1Semana·

For the followers of IREN and friends of trading

$IREN (+11,35%) is struggling at a stubborn resistance level these days, which is always a thrill for long-term investors. I like to switch from swing to day trading. As the first hour and a half was quite turbulent, just to show you how you can make something out of small movements. A day trader lives from these small movements 😎💰

Day trading strategy: VWAP combined with box strategy

The orange box in the background is the previous day's range (the box). In the picture you can still see 3 trades on the left, the 3rd was long from yesterday 21:30 and was closed today in the 4th 5min candle. After that it was textbook. Since we are above the upper edge of the box, we will wait for the first red 5min candle with a longer wick at the top, if the next one is also a red candle that breaks through the body of the first one to the downside, then enter with a short. Get out again at the VWAP or the corresponding price action. I have hidden the volumes for the screenshot, otherwise it would be even more confusing. This is another dimension that shows me who is currently the buyer or seller.

The vertical red (sell) and blue (buy) arrows are entered automatically, so you can see my trades with the connected interactive broker, through which I trade directly from TradingView.

As always, only for friends and those interested in trading, the others just keep scrolling 😉

Edit 19:40: I then closed a short with a loss, and a long with a profit that didn't quite cover the loss from the short, but all in all a good day. I wouldn't be surprised if the price approaches the VWAP again towards the close of trading. But further $IREN (+11,35%) trades are too "hot" for me today. There were already too many anyway, I could have saved myself the last two - it's actually been my experience that more than 3 trades a day on the same stock tend to be loss trades according to my statistics.

@Darkwingduck

#trading

47 Comentários

Klein-Anleger@Klein-Anleger

Good luck 👍🚀

•

AK@AK98

@TomTurboInvest Mh well what I currently see in the chart is that we will probably first hit the zone between 51 and 52$ again and then go up again...I have set my alarm in that area should that happen I will also go long.

•

TomTurboInvest@TomTurboInvest

@AK98 I assume we see the same zone, you have just defined it a little more sharply. I have defined it more broadly for myself with a little more tolerance.

••

Tigawutz@Tigawutz

That reminds me ... Jim Cramer preached again yesterday on his show " Sell $IREN " :-)

•

TomTurboInvest@TomTurboInvest

@Tigawutz then I think I've got it perfect 🚀
I can't wait to see how the first hour at 15:30 and 16:30 develops this afternoon

•

Darkwingduck@Darkwingduck

@Tigawutz There will probably be a deal soon😁🚀

••

Brother L.@Brateeee

Autsch

•

TomTurboInvest@TomTurboInvest

@Brateeee that will be fine 😉
I set the stops a little further for swings, especially with such volatile stocks and when Mr. Trump is also in top form

•

Brother L.@Brateeee

@TomTurboInvest Fingers crossed, I am also invested (longterm)

•

TomTurboInvest@TomTurboInvest

@Brateeee It can happen that quickly - well, it's not for nothing that they say "political stock markets have short legs" 🤪

•

Brother L.@Brateeee

@TomTurboInvest sauber!!

•

Tigawutz@Tigawutz

break the $58 📈

•

TomTurboInvest@TomTurboInvest

@Tigawutz I am curious to see how difficult this resistance zone will be?

••

Wiktor_06@Wiktor_06

Very exciting. Can you recommend any books for complete beginners to trading?
I am 19 and in training and want to buy a MacBook in March and start with it (with a demo account)

••

TomTurboInvest@TomTurboInvest

@Wiktor_06 I commented on this in a similar post a few days ago. I wouldn't buy any books and would rather invest the money in a TradingView essential package.

There is good YT content, for example I can recommend the following

1. watch the following free masterclass on the YT channel of @MindMathMoney.
1. market structure
2. price action
3. order flow

With these 3 you already have a few basics, all other masterclasses are also recommended, e.g. the one on TradingView

Other channels I can recommend are those of Felix Hoevelborn and for day trading as an introduction to the VWAP and box strategy the Rumers.

But please note, in my opinion there is no shortcut in trading, it is a craft that has to be learned, it takes time and hundreds of chart analyses. But watch the videos, analyze many, many charts and try to recognize the patterns. And then start paper trading with TradingView.

••

Wiktor_06@Wiktor_06

@TomTurboInvest Thank you from the bottom of my heart for the detailed message.
I will have a look at the content in the next few days.

•

Jim@wealth_navigator_64

And again down gg sl has gertiggert

••

TomTurboInvest@TomTurboInvest

@wealth_navigator_64 I still have a little distance to my Jan - let's see 😉

••

TomTurboInvest@TomTurboInvest

@wealth_navigator_64 You need good nerves with such volatile stocks 😳
As fast as it goes down, it can also go up again 🙈

••

Jim@wealth_navigator_64

@TomTurboInvest Jo got back in and is up 12%

•

TomTurboInvest@TomTurboInvest

@Darkwingduck I'm curious to see how Irish behaves today, maybe good for a day trade again? 😉

Pre-market bounced off the upper edge of the range from the 22nd, have drawn the range from the 23rd for today (orange box), but also marked the upper edge of the 22nd.

https://www.tradingview.com/x/bnT58p04/

If the price hits the upper edge of Friday's range, then I'll start trading my current long position again and look for a short entry, but only if it gets thin again on the upside.

••

Darkwingduck@Darkwingduck

@TomTurboInvest Would you already go long on the VWAP?

••

TomTurboInvest@TomTurboInvest

@Darkwingduck I would only decide whether to go long or short after the first candles - wait for the first 15-30 minutes and see how the market positions itself today. Then you can see what the price action is like. If it runs from the current level to 58$, then I will activate the trading SL as written above, and after selling - if it fits - go short again, but that depends on the candles. And in this scenario, the VWAP of the session would be a potential entry for longs.

But who knows, maybe at 15:30 it will first rush down with a candle?

•

Darkwingduck@Darkwingduck

@TomTurboInvest and what do you say? GAP closed, renewed test of support

•

TomTurboInvest@TomTurboInvest

@Darkwingduck is going well - but it's interesting to watch the first few 5min candles live, isn't it? I'll watch for a few more minutes, if it continues to struggle in this area, then I might put a buy order in the $55.30 area - the white bar in my chart from the comment earlier, with the assumption that it will then go up again

••

Darkwingduck@Darkwingduck

@TomTurboInvest Where did you place your anchored VWAP? I find it very exciting to see. Let's see when a direction can be identified.

••

TomTurboInvest@TomTurboInvest

@Darkwingduck When day trading, I don't use the anchored VWAP but only look at the VWAP of the session (it's like if you had set the anchored VWAP to 10:00 our time today - that's the pre-market start).

The way the price action of the first few 5-minute candles is today, I would rather wait and see. I'm already in the trade due to my "forgotten" order from Friday, so I have to make the best of it now. At the moment it looks as if the sellers are already coming into play at 57$, but let's wait and see. I'm in with 100 shares, I still have a small 20 buy order at 55.30.

If it goes down, I'll have to get out with loss limitation, but I can well imagine that it will reach 58$ today

•

Darkwingduck@Darkwingduck

@TomTurboInvest also wait a little longer. I can imagine that we will test the 54.80 again

•

Darkwingduck@Darkwingduck

@TomTurboInvest What do you think about joining the 5SMA?

••

TomTurboInvest@TomTurboInvest

@Darkwingduck difficult today, I would wait and see, or if you are brave, around 53.70$ is also an area that could be a support. But doing nothing is sometimes better 🤷‍♂️

••

Darkwingduck@Darkwingduck

@TomTurboInvest the zone was always a tough resistance, could hold, but waiting for confirmation

•

Ver todas as 15 restantes respostas

Edgware@edgy1000

34min

Good to see other IBKR users here. My portfolio connection does not work well and constant reauthentication. Same for you?

••