Edgar's Stock Market Trading Log

[edgararakelyan 10]

update, sorry I really need to begin updating you guys real time or else this is just worthless, but I ended up covering at like 429 and then I bought until 439 and did some petty successful trades and currently i am short at 449 and will cover oince I get a chance which should be soon, aapl doesn't have the juice it seems to take this bounce any further.

[edgararakelyan 10]

 

as you can see, aapl gapped up and created what would be resistance for aapl at 460 on a volume of 34 million. Aapl touched the resistance with its bounce because of the catalyst (samsung's s4) and still only reached a volume of 20 million and then immediately retracted and then today it attempted to touch the resistance but on 13.6 million so obviously aapl doesn't have the juice to let it through.

 

So currently im short at 449.7 and plan to exit at about at most 437/40. Should be a good trade unless some stupid catalyst comes along.

[edgararakelyan 10]

here this pic shows more proof of the lack of volume for aapl's upside

 

 

Aapl rose to the andrewchannel's resistance on 800k and then dropped immediately on 1.5 million and subsequently 1.1 million.

 

so I see aapl dropping to its support at 437

[edgararakelyan 10]

quick update, i'm still holding my short in aapl and fortunately I had the balls to hold out this bounce and see through it. Aapl retested its support at 450 at about 12 million volume which seems like it will be enough volume to break through until support at 437-40 which is where I plan to cover unless it breaks through on over 19 million volume.

[edgararakelyan 10]

Yesterday I ended up covering at about 443

[edgararakelyan 10]

aapl needs about 20 million to break through 438 and it could possibly get it, but in case it doesn't I got out, and am ready to go short if the stock can break through on volume.

[edgararakelyan 10]

entered aapl short at 435.7 yesterday and plan to exit at about 420. AApl doesn't have the volume for upside which is why I held the bounce today.

[bj139 10]

I'm thinking the next target might be 448.

[edgararakelyan 10]

Expecting aapl to reach below 429 tomorrow morning and will cover my short at once and then re-enter the trade if we can beat the support line of 419 at a volume of 4-5 million on a 30 min chart.

[edgararakelyan 10]

I'm thinking the next target might be 448.

 

most likely not, reason being is that there are more sellers than buyers, aapl couldn't sustain its bounces and has no reason too. Currently odds are that aapl will go south.

[edgararakelyan 10]

I ended up a few successful trades, haven't had a losing trade yet this month other than that i'm currently shorting aapl at 423, but given the lack of volume in aapl I won't be surprised when it breaks 419

[bj139 10]

I'm thinking the next target might be 448.

 

I'm always early. I should have waited 2 days then replied.

[edgararakelyan 10]

Last week I shorted aapl when it dropped from 418 at about 415 and covered at 406 and then I re-entered short at 399.5 and covered at 395 and then I shorted once again at 396 to 391.5.

[edgararakelyan 10]

Current aapl suppport is at 385. Aapl hit that support with 100 million volume on weekly and then 21.7 million volume on the daily. This was enough volume to break through so expect for aapl to break through 385. Also more bearish analysis shows that the downtrend from the 700 high was reached but immediately fell back, here lemme show a pic.

 

[edgararakelyan 10]

this week I've only had winning trades althought all of them were tiny gains, such as 3-6 points though it does add up. Planning on shorting aapl tomorrow given correct circumstances and it should at least reach 395

[edgararakelyan 10]

last friday I ended up shorting aapl at 412 with a stop at 415.5 and a limit at 408 mainly because it was 60/40 chance that my limit order would have been hit but instead I got stopped out and lost a small amount. Didn't worry much as it was a good opportunity because the resistance was so close so I just put a stop over the resistance and didn't risk much.

[edgararakelyan 10]

I plan on shorting aapl tomorrow because it broke through the resistance on the 15 min chart on 800k volume which is clearly not enough, when that same resistance had been tested with 4 million volume and 3 mill volume and would not budge.

[edgararakelyan 10]

My current trade is i'm short on aapl at 435, and am almost positive that the stock will pull back heavily tomorrow.

[edgararakelyan 10]

 

here you can see that aapl is bouncing on less volume each given day, it broke through the resistance of 435-40 on low volume which is why I shorted. Aapl will likely drop back down to 420-400 on monday.

[bj139 10]

How about 471 then 420.

[edgararakelyan 10]

still holding short on aapl at 435, expecting it to pull back by monday. Given the lack of volume and 460 is an immense resistance, needs atleast 50 mil volume

[edgararakelyan 10]

will post more thoughts later tonight on aapl

[edgararakelyan 10]

and will post some charts on aapl, and i'm also beginning to take an interest into forex lol, I guess that happens to every trader