NFLX Trade on Sep 28, 2015 14:55 from Holden: Tradervue User Stock Trades.

This is a good example of me properly pushing into the afternoon and despite missing the easy part of the play (short into 2PM) staying with it and pushing it into the close.

The Criteria
Price action in the name has been weak through the AM
Nice morning move lower below support level

Price starts to hold below support level for a low volume consolidation
WANT THIS LOW LEVEL CONSOLIDATION TO BE IN THE LOWER ⅓ of move down
Each time price tests the prior S level, Now R, sellers maintain control
Price changes composure at important time (1 PM, 2PM, 3 PM etc)
Large volume coming in and taking the name lower
Without volume this is a Move to Move and I sell into next important S level
The Execution
Look for a buyers shut off moment when price action attempts to move higher and is cleanly shut off with sellers stepping in to change character and take price lower Enter short 1 tier here
Get Bigger 1 tier on confirmation hold below next S level (showing continued weakness) and volume confirmation of move higher to new LOD
Exit Entire position on flush after 2ND consolidation pullback held below R
Reasons to Sell
Significantly higher volume spike into an S level - Should come after 2nd controlled retracement
IF there is high volume just before support, look for one more move lower down to support
IF price drives lower to support level on high volume with a crescendo move, exit
Price action fails to hold below R level
Big Picture changes/ meets important Support
% Target achieved