AAPL Trade on Oct 1, 2015 09:37 from Holden: Tradervue User Stock Trades.

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Holden

 

With the name in play on a negative catalyst, when the action does not cleanly move lower that may be a telling me a decent amount and I can begin to look for potential signs of a reversal developing.
Particularly I want to be really paying attention if and when the action is choppy and not clean on the pullback and then begins to clean up once pulling in to a support area. This could be showing me the potential of a reversal developing in the name and I want to begin to look for reversal signals.
What are the variables - (Checks) in my favor for this set up
Name in play with fresh news and above average volume.
Price action pulls back (choppy pull back, not clean, hard pullback) to a key level and begins to hold above that level unable to break and consolidate below.
Change of character with buyers beginning to step in and support the action.
My thought process-

I was short AAPL earlier in the session looking for a break lower but when that did not develop, began to consider the potential scenarios that may develop through the session.
Price action could chop around at the lows in which case I would not see real clean action and instead tests of the lower end of the range and have no edge until the action gets outside of the range and confirms
Could see continuation lower mid-day in which case I would see strong selling pressure evident through a break below prior intraday support and brief consolidation below with an increase in volume and I could look for a short play
Could see an attempt lower that fails, pop higher and action clean up above key R level and vwap signaling the potential of a reversal play off support where I could look for a slow developing reversal play higher through the rest of the session.
What happened and how I responded
Odd volume patterns developed at the lows and action went from choppy to clean quickly before giving me a nice r/r set up with price action holding above vwap and prior R at lows and breaking higher.
I allowed for the potential of a pullback before continuation and when the pullback occurred and held, used it as and opportunity to get bigger in my position to capture a nice strong move up to target and R where I took exit in most of my position.


Execution detail:

Date/time Symbol Side Price Position
2015-10-01 09:37:55 AAPL sell $108.580 short
2015-10-01 09:55:55 AAPL sell $108.290 short
2015-10-01 10:20:44 AAPL sell $108.070 short
2015-10-01 10:53:28 AAPL buy $107.370 short
2015-10-01 11:10:36 AAPL buy $107.750 0
2015-10-01 11:15:05 AAPL sell $107.805 short
2015-10-01 11:36:39 AAPL buy $107.833 0
2015-10-01 11:37:24 AAPL buy $107.861 long
2015-10-01 11:40:55 AAPL sell $108.183 long
2015-10-01 12:14:03 AAPL buy $108.125 long
2015-10-01 12:34:14 AAPL sell $108.917 long
2015-10-01 13:02:42 AAPL sell $108.396 0


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