I had a picture perfect trade in AAPL this morning which started out as a Tier III gap play. I was a little more aggressive on the entry but after the first 5 minute bar left minor support with a bottoming tail bar, I could not help myself but enter the play above the bar @ 108.43. Before hitting my first target, price action allowed me to beef up my play again by allowing me to add additional shares @ 108.75 and I reduced my stop to 108.55. I hit my first target rather painless @ 108.98 selling some of my shares and again, shortly after, I was able to add more shares back at 109.06 which allowed me to lower my stop again to 108.87. I was able to add and reduce two more times hitting targets as high as 109.72. I had hoped that price would break out late day but this was not the case as the entire market sold off into the close of the day and my AAPL came to a close finally selling my final shares @ 109.42. A textbook trade one of my best yet!
TraderHank’s most used Tags5 minute buy 5 minute Sell 9:45 am play 15 minute buy 15 minute sell AAPL AIG ALL AUDUSD Breakout C consolidation COST Counter Trend Day Trading EBAY ES FB FSLR Gap Gap continuation Gap play GILD HD Hourly sell JOY JPM LLY MET MS Options Price Action PSS Pull Back QQQ short Short play Sideways SPY TGT Tier II Tier III UAL update uptrend