Hello, traders! Barrie Einarson here, bringing you another exciting edition of What Makes This Trade Great. Today, we’re diving into TSE, a trade that gave us multiple opportunities to capitalize on its movement. Let’s take a closer look. To Subscribe: https://go.trade-ideas.com/SHQ
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The First Alert: $5.52

This one came straight from our AI alerts, catching TSE at $5.52. On the 5-minute chart, it didn’t disappoint—ripping to $5.96 before pulling back. That’s a clean $0.44 move right off the bat, perfect for quick scalpers.

VWAP Opportunities

But what if you missed the first pop? No problem! This trade was all about the VWAP (Volume Weighted Average Price)—an excellent tool for finding low-risk entries.

Here’s how it played out:

1. First Re-test: After the initial move, TSE pulled back to the VWAP (the red line on the chart).
2. Second Chance: Another push up, another pullback to the VWAP, offering a solid re-entry point.
3. Third Time’s the Charm: Yes, it came back a third time! Each opportunity allowed traders to enter with tight risk management, as the VWAP hovered around $5.59, just $0.07 above the alert price.

The Bigger Picture

Looking at the weekly chart, TSE has room to run all the way to $6.67 without significant chart resistance. Now, I’m not saying it’ll hit that level, but it’s always encouraging to see a trade with plenty of upside potential and no major obstacles in its path.

Lessons to Take Away

• Missed the First Entry? Stay Ready: Trades like these often present second and even third chances near key technical levels like the VWAP.
• Weekly Charts Provide Context: Always zoom out to spot potential areas of resistance—or the lack thereof.
• Risk Management is Key: With entries so close to the VWAP, you’re not risking much to stay in the game.

This trade highlights why patience and a solid strategy pay off in the markets. Stay disciplined, and you’ll see results over time. That’s it for today! See you all tomorrow in the trading room.

Trade smart,
Barrie