Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

edgararakelyan

Edgar's Stock Market Trading Log

Recommended Posts

Hi, I had an aapl trading log and I thought that it would probably be better if I just made an overall trader's log.

 

UAHAI8b.jpg

 

Right here you got PCLN, obviously this stock's looking really good. It broke the resistance it had at 680 and is now booming onto 720. Considering that this stock still has very good volume, it could reach to 740 and find resistance there. Will most likely get into some sort of trade with this stock tomorrow.

Share this post


Link to post
Share on other sites

3WHAvLn.jpg

 

Here you can see that aapl broke through the resistance (the andrew channel) and went on higher yet at the end of the day it looks almost like aapl formed a head and shoulder pattern so we'll have to see if it can test and hold the support line.. Which being that this is a 1 minute chart i'm not sure if it's reliable or not.

Share this post


Link to post
Share on other sites

I made a very rash decision today in attempting to make a quick trade of aapl. I bought aapl at 557.9 and knew that I would not be infront of the screen for a few hours only because I wanted to make a trade and make money because I hadn't made or lost money this week. Well now i'm probably in a losing trade, I thought I shouldn't sell and maybe wait for what happens tomorrow which i'm guessing it will drop to 440 and find support, possibly go back up and then I will be able to sell.

 

Hopefully it is in consolidation in the 455-460 area again tomorrow and I can sell at a profit or break even but the increased amount of volume at the end of the market day tells me it probably won't.

 

But some good news is that it went to 456.4 during afterhours, which does it make a difference at all?

Share this post


Link to post
Share on other sites
I made a very rash decision today in attempting to make a quick trade of aapl. I bought aapl at 557.9 and knew that I would not be infront of the screen for a few hours only because I wanted to make a trade and make money because I hadn't made or lost money this week. Well now i'm probably in a losing trade, I thought I shouldn't sell and maybe wait for what happens tomorrow which i'm guessing it will drop to 440 and find support, possibly go back up and then I will be able to sell.

 

Hopefully it is in consolidation in the 455-460 area again tomorrow and I can sell at a profit or break even but the increased amount of volume at the end of the market day tells me it probably won't.

 

But some good news is that it went to 456.4 during afterhours, which does it make a difference at all?

 

A pit trader said to the TST group once, "Look for a trade, not trade for a look"

 

The temptation to make money is always knocking on all our doors, have the discipline to stick to your plan.

Share this post


Link to post
Share on other sites

aapl really looks screwed now.

 

nQ1LM1L.jpg

 

aapl broke it's support and retested it and fell. We will have to wait and see tomorrow if it can reach back into the Andrew Channel and given the fairly low volume it could.

 

V5rC1hR.jpg

 

If it cannot support itself then it can drop down to 420-425 and then even possibly to the 350s.

 

Given this enormous fail that aapl has been lately, I think I will cover my position at 457.9, which the loss will be about as much as my profit have been this past month, but if it does go awry a lot of money can be made shorting.

Share this post


Link to post
Share on other sites

swAz0AW.jpg

 

aapl looks like it has found support in 457 and if it can hold and push it may be able to fill the gap back into 500. The only unsettling thing is that the volume isn't very high. It would also find resistance at 464. Also according to fibonnaci retracements from aapls prior gap down at 500 down to 437 aapl should retrace atleast to 470.

Share this post


Link to post
Share on other sites

eYqut9F.jpg

 

I am in aapl shorting it at 457.19 because of the converging support/resistance and I find it more likely that aapl will break the support rather than the resistance because of the lack of volume and that the price couldn't survive above the resistance for long.

Share this post


Link to post
Share on other sites

sorry I've been extremely lazy and forgot about updating the thread. Well I covered my short of aapl at 474 at a pretty high loss, learned from my mistake so it's alright. Then I rebought aapl at 475 and sold this morning at 483 at a nice profit.

Share this post


Link to post
Share on other sites

DEyjZF4.jpg

 

haven't made a trade since the last one I posted but may be making one soon enough, aapl looks like it can support itself with that support line as it has tested it several times.

 

rJhVpa1.jpg

 

Here you can see that aapl could possibly have a nice rally soon indicated by the downtrend of volume

Share this post


Link to post
Share on other sites

This market day I shorted aapl at 429.28 and held mainly because I believe aapl is more likely to test its support in 415 then break resistance at 435 considering that the only reason aapl bounced today was because of the announcement of the iWatch which is why I saw this as a nice opportunity to short.

 

 

zcOKc7h.jpg

Edited by edgararakelyan

Share this post


Link to post
Share on other sites

I covered my position on aapl this morning at 427 because of two reasons. One, I don't like trading a stock that is in consolidation and also because I had school which limited my screen time. I still came out with a small profit and that's fine enough for me.

Share this post


Link to post
Share on other sites
Edgar, hi.

 

What kind of analysis do you use to define entries?

 

I find support and resistance and analyze it with the volume in order to better predict which way the stock will go, using other tools such as fibonacci, etc I can determine where the stock will likely head for me to sell or if it were to not go my way I could get out at a smaller loss.

Share this post


Link to post
Share on other sites

The reason why I went short on aapl at 433. aapl tested its resistance of 435 at 500k volume, then again it tried on twice that, with 1.2 million and immediately retraced down. Today it reached the resistance on 500k volume at its peak, obviously the chances of it breaking the resistance are low because it was able to push back a up move with a volume of 1.2 million. Therefore you can conclude that aapl was moving without cause(volume) and therefore it will 90% of the time be pushed back below its resistance granting you a profit. Plus I can keep my hopes up that aapl will gap down tomorrow to 420 and from there to 405.

Share this post


Link to post
Share on other sites

an update, sorry for posting these way too late but you can forgive me, I can get busy sometimes. Well I ended up covering my short at around 427 and then I shorted aapl again at 433 and covered at about 428 and today I shorted aapl again at 431 and am currently holding my short.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Date: 29th March 2024. GBPUSD Analysis: The Pound Trades Higher But For How Long? The global Stocks Markets are closed due to Easter Friday (Good Friday). The NASDAQ continued to follow the sideways trend while other indices again rose. The SNP500 reaches an all-time high, but the NASDAQ remains under pressure from Tesla, Meta and Apple. The Euro continues to trade lower against all major currencies including the US Dollar, Euro and Japanese Yen. The British Pound is the best performing currency during this morning’s Asian session. However, investors are largely fixing their attention on this afternoon’s Core PCE Price Index. GBPUSD – The Pound Trades Higher but For How Long? The GBPUSD is slightly higher than the day’s open and is primary due to the Pound’s strong performance. At the moment, the British Pound is increasing in value against all major currencies. However, the US Dollar Index is also trading 0.10% higher and for this reason there is a slight conflict here. If investors wish to avoid this conflict, the EURUSD is a better option. This is because, the Euro depreciating against the whole currency market avoiding the “tug-of-war” scenario. The GBPUSD is trading slightly lower than the 2-month’s average price and is trading at 49.10 on the RSI. For this reason, the price of the exchange is at a “neutral” level and is signalling neither a buy nor a sell. The day’s price action and future signals are possibly likely to be triggered by this afternoon’s Core PCE Price Index. Analysts expect the Core PCE Price Index to read 0.3% which is slightly lower than the previous month but will result in the annual figure remaining at 2.85%. The PCE rate is different to the inflation rate and the Fed aims for a rate between 1.5% to 2.00%. Therefore, even if the annual rate remains at 2.85%, as analysts expect, it would be too high for the Fed. If the rate increases, even if only slightly, the US Dollar can again renew bullish momentum and the stock market can come under pressure. This includes the SNP500. Investors are focused on the publication of data on the UK’s gross domestic product (GDP) for the last quarter of 2023: the quarterly figures decreased by 0.3%, and 0.2% over the past 12-months. This confirms the state of a shallow recession and the need for stimulation. The data, combined with a cooling labor market and a steady decline in inflation, increase the likelihood that the Bank of England will soon begin interest rate cuts. In the latest meeting the Bank of England representatives did not see any members vote for a hike. USA500 – The SNP500 Rises to New Highs, But Cannot Hold Onto Gains! The price of the SNP500 rises to an all-time high, before correcting 0.33% and ending the day slightly lower than the open price. Nonetheless, the index performs better than the NASDAQ which came under pressure from Tesla, Meta and Apple which hold a higher weight compared to the SNP500. For the SNP500, these 3 stocks hold a weight of 9.25%, whereas the 3 stocks make up 14.63% of the NASDAQ. The SNP500 is also supported by ExxonMobil’s gains due to higher energy prices. The market will remain closed on Friday due to Easter. However, the market will reopen on Monday for the US and investors can expect high volatility. Investors will also need to take into consideration how the PCE Price Index and the changed value of the US Dollar is likely to affect the stock market next week. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Michalis Efthymiou Market Analyst HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • MT4 is good and will be good until their parent company keep updating the software, later mt4 users will have to switch to mt5.
    • $SOUN SoundHound AI stock at 5.91 support area , see https://stockconsultant.com/?SOUN
    • $ELEV Elevation Oncology stock bull flag breakout watch , see https://stockconsultant.com/?ELEV
    • $AVDX AvidXchange stock narrow range breakout watch above 13.32 , see https://stockconsultant.com/?AVDX
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.