AMZN Trade on Sep 24, 2015 10:35 from Holden: Tradervue User Stock Trades.

Morning - Continued Weakness Below key support level with big picture supporting - AMZN
Had identified this name and opportunity in my chart work where it had a nice 60 min consolidation coming into the session. Name gapped down to support area with many other names but unlike NFLX, this name failed to take out any key resistance level before trading below key support level at 530 and consolidating below that key support level. Whenever I have this set up I want to be thinking about what is going on in the big picture and then simply allow the action to consolidated below support waiting for confirmation with vwap catching up and looking for confirmation before getting involved.
What are the variables - (Checks) in my favor for this set up
Name gapping lower out of consolidation on 60 min chart to support
Identify the name on the big picture then wait for the break outside of consolidation, if gapping like this, dont chase action in either direction, be aware of the set up and look for a better set up via a trade lower and hold below key support level.
Opening drive failed to clear any key R levels before driving below support and consolidating below that level through part of the open.
When I have a nice consolidation below key support level I really like that pattern because it allows me to control risk well and breaks out of tight consolidations are likely to provide sustained moves
Big picture weakness with SPY consolidating near the lows of the session below prior key support level.
My thought process-

I was frustrated with myself regarding the NFLX trades but recognized the opportunity here as soon as I began to work through my other top set ups for the session.
With the action consolidating below key support level and vwap catching up, I entered short two tiers looking for a continuation move lower down to 522.5 area or below.
What happened and how I responded
The action broke lower initially down to 525 level where I took ½ the position off to cover risk the moved my stop down to 527.5 level allowing me to stay short for a longer move if it developed but cover risk in the play.
When action spiked lower down into support level at 522.5 on large volume and popped back up I took exit on final piece of the play and waited to see if the nae would hold lower through the session for a possible continuation move later in the session.