AAPL Stock Trading Journal for 5th Wave Elliott Wave Trade

AAPL Stock Trading Journal

This AAPL stock trading journal is a review of a Long Swing Trading 5th Wave Trade on AAPL. Before markets opened, on 12 February 2019, we posted a video for a potential Long Swing Trade for $AAPL. The original Signals Video can be viewed  >>>HERE<<<   . The Signal came from our Elliott Wave Indicator Suite for the Apple Inc Stock on the 60 minute time-frame.

In the original chart screenshot below we can see that $AAPL had found support in our automated probability pullback Green zone on its wave 4. Therefore this indicates an 85% probability that the 5th Wave will go on and make a new High in this current Bullish trend. The Pullback zones are part of our Elliott Wave Indicator Suite. Our Stocks swing trading strategy involves trading the 5th Wave of the Elliott Wave sequence, as it is the highest probability move in a “with trend” trade.

The original chart shown below shows the setup with a Long entry price of $171.33 with Stop at $168.23.  Our automated 5th Wave Target zone in Blue was around the $177.53. Therefore giving a Risk to Reward of 1:2.  This trade took less than 13 days to Hit our automated 5th Wave Target Zone.

Below this chart is our commentary on how the trade went and trade management decisions.

(Click on Chart to open full size in a new window)

AAPL Stock Trading Journal – What Happened Next

Our entry was taken in on the 13th February but the markets rejected the highs that day and the price closed below our entry.  The price then remained range bound for the next 3 trading days and we decided to carry over the weekend. On the 20th February we had a high volume Bullish day which made new highs compared to our trigger day.  This Bullish momentum continued with a gap up on the 25th February, which tested the previous Wave 3 highs.  We did find resistance at this level, so it was decided to make the Trade “Risk free” and allow the trade to mature. The price then remained in a tight range for another 4 trading days, until March 4th.

On March we had a gap up and move straight into our Automated 5th Wave Target Zone. We had a Take Profit Limit Order placed at the$177.53, 200% line.  So our profits were taken at 200% profit x Risk.  Therefore an original Risk of $5000 on this trade would yield $10,000 profit in 13 days.

This AAPL stock trading journal shows an example of our 5th wave automated target zone being HIT! Using our Elliott Wave Indicator Suite , this type of move taking longer than usual is becoming common place on the intra-day time frames in the current market conditions.  But sensible trade management strategies still ensure profitable trades. The chart below shows our automated 5th wave target zone being hit and the price bouncing back down. Remember, the original Signals Video can be viewed  >>>HERE<<<

(Click on Chart to open full size in a new window)