Earlier this week, nosotros made a SWEET merchandise inward AAPL together with today i wanted to larn over HOW together with WHY nosotros traded this one...
So hither goes....
Ok, hence commencement of all, AAPL made an amazing BIG sew of late but it did larn means also hot together with needed a pullback... hence kept telling AOT members to live on patient because nosotros volition larn a adept merchandise inward AAPL sooner or afterward together with the fourth dimension has come upwardly this calendar week inward the shape on a "HOLY GRAIL" setup !!
A 'Holy Grail" setup is basically: a setup where a stock that's inward a VERY potent trend, inward AAPL's case, an UP-TREND, pulls back, tests together with holds the 20 twenty-four hours MA.... In my experience, it's best to purchase the 1st and/or 2d TEST of the 20 twenty-four hours MA inward a strongly trending stock....
Long fourth dimension AOT members know I've been sharing the the "HOLY GRAIL" setup for YEARS together with it's definitely ane of my favorite setups!
When AAPL commencement tested the 20 twenty-four hours MA... AAPL was already downwardly 4-5 days inward a row, which made this pullback INCREDIBLY appealing for a risk/reward indicate of thought together with duo that amongst the fact that i was expecting the marketplace seat to bounce this week(as i tweeted numerous times together with i'll produce a split post on why i expected the marketplace seat to bounce this week) ....
This is what AAPL chart(daily chart) looked similar when it caught my eyes .....
So the commencement you lot should detect almost the AAPL nautical chart to a higher house is the fact that this a stock inward a VERY potent uptrend together with simply pulled dorsum 4-5 days inward a row together with TESTING the 20 twenty-four hours MA.... Now, in ane lawsuit i saw that, i together with then apace zoom into the five minutes charts and, similar a adept mechanic, you lot wanna aspect "under the hood" .... I'm directly looking for "hints" this stock is looking to "bottom" or opposite hence i tin plow over notice constitute a long position...
Here's the five infinitesimal nautical chart together with what i was thinking thru-out the twenty-four hours land watching this stock:
Please receive got your fourth dimension together with actually written report the nautical chart activeness every bit good every bit the commentary on the chart....
We kept raising/trailing the AAPL halt loss every +$1 increment(for example, in ane lawsuit AAPL broke thru $219, raised halt to $218... in ane lawsuit it broke thru $220, nosotros raised stops to $219 etc etc), argue why i wanted to trial the halt loss hence tightly every bit it kept ramping higher the adjacent twenty-four hours is because AAPL had a production number the adjacent twenty-four hours together with didn't desire to live on belongings the shares thru such a affair it could live on a volatile hold....
Ended upwardly stopping out of at AAPL at $223.00 for a +$5.55 gain inward ii days!!
Fast forwards 2-3 days later together with here's what AAPL is looking similar now...
I promise you lot found this helpful!!
Happy Trading !!
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