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MapleStax Trades Profile picture
@MapleStax
Dec 4, 2021 • 9 tweets • 3 min read • Read on X
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Setups and Formations you need to know!

🧵 A THREAD 🧵

These are some of my most profitable and consistent setups that I use on a daily basis. Learn them and profit!
#ChartHashira
1. Technical analysis is the embodiment of displaying the dialogue that price action tells between bears and bulls. Setups/formations are all based on probability, meaning the outcome may give you an edge when taking entry.
2. Channel:
Provides a range of price that displays 2 levels to either be broken or respected. My favorite setup.
3. Ascending/Descending wedge:
Shows a steep rise or decline in price action that holds right to the supporting TL in either direction. If the support fails, expect a drop.
4. Head and shoulders:
This is a transition setup that shows points of possible reversal through pivot price action. Give the trader a HL confirmation with defined risk. Works on the inverse as well for shorts.
5. Break and Base (retest):
This setup is great for momentum/breakout buyers that alerts strong confirmation when taking a resistance break trade. Buy high, sell higher with a defined SL.
6. Rounding tops/bottoms:
Strong VPA pattern that will show either buyer or seller exhaustion and a point of potential reversal.
7. I look for and use these formations on a regular basis. Remember that like all strategies, these will not work 100% of the time. Probability is the game, find your edge and execute!
LINKS:
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Patreon.com/MapleStax
LAST MONTH to lock in current rate.

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Twitch.tv/MapleStax
#ChartHashira

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More from @MapleStax

MapleStax Trades Profile picture
Jan 17
My trading turned profitable after this one realization 💡

Learn how below🧵 👇
I was the world’s worst breakout trader. The euphoria I experienced when I got lucky led me to believe that breakout trading was consistent. One good win does not make out 10 big losses.
One day I sat down after another overwhelming breakout loss and plotted my entries and exits on the chart.

I saw that where I was entering was the worst place for entry and I was someone else’s exit liquidity.

Chart below shows where I would have entered in the past. Price reversed aggressively shortly after.Image
Read 8 tweets
MapleStax Trades Profile picture
Jan 14
Learn how to earn money trading $SPY options.

Let’s break it down 🧵 👇
When trading $SPY options, it’s important to have a consistent strategy. Focus on premium price, how far out the money, and where you will sell for profit.

This is just one of many successful setups, but the risk:reward is too great to ignore.
I like premium price $2 and under. This provides rapid % increase and affordable contracts. When trading 0DTE, I prefer 2-4 out of the money (OTM) strikes. Ideally with a delta of .3 or higher.
Read 8 tweets
MapleStax Trades Profile picture
Jan 11
This one strategy is the reason I will never work another day in my life.

Learn how to extract profit from the market daily 🧵 👇
Candle by Candle method is a momentum based strategy I created that tells me when to buy and which direction price will likely push.

It’s as simple as trading alongside the red or green arrows. Image
When a candle “flips” (red or green arrow) this provides the next trade opportunity. CBC flips long off of 900 and pushes 150+ points. That is over $3,000 per contract gain from this simple strategy.
Read 10 tweets
MapleStax Trades Profile picture
Jan 8, 2022
🧵My 5m/10m Doji bar Strategy🧵

(A THREAD)

This is how I use my Doji bar strat to gauge price action during moments of indecision. High win % rate.
#ChartHashira
1. For myself, I identify stages intraday into 2 phases: consolidation and trend.
When coming off of a large trend, we expect momentum to slow as traders need to lock in profit and decide if they will continue the rally. The opposing traders have an opportunity to reverse.
2. At these points of consolidation (indecision/balance) you will come across the scenario of a Doji bar on the 5 or 10 minute chart. When this occurs, I draw a zone on the body to identify where buyers and sellers are fighting over.
Trading version tug of war.
Read 8 tweets
MapleStax Trades Profile picture
Dec 18, 2021
🧵 How to trade with a Stop Loss🧵

(A THREAD)

This thread will help you identify and execute a proper Stop Loss in order to minimize losses, every trader’s biggest problem.
#ChartHashira
1. Before entering any trade, you must have a level to base risk off of. This will allow you to manage how much you are willing to risk as well as staying in the trade based on a support level. (Trading with the larger participant in the market) Without a SL you are just gambling
2. I look for strong signals of VPA/Candlestick patterns to look for areas where buyers or sellers are present. This will show up as a horizontal level where price has trouble getting through. This allows for a low risk entry. Indicators are great for following a trend.
Read 12 tweets
MapleStax Trades Profile picture
Dec 12, 2021
🧵 How to Trade Market Open 🧵

(A THREAD)

This thread will detail how I play the open on LC Options, but can be applied to anything. This strategy will provide a clear risk to reward parameter that you need in order to give yourself and edge.
#ChartHashira 🍁
1. Each morning I will set alerts on VIX, SPY, and NQ at key resistance/support levels to give myself awareness throughout the day without taking my eyes off my execution screen. I then go to the ticker(s) I plan on trading that day.
2. I look for any patterns or formations on the micro and macro trends. I mark the Prev HOD/LOD, PM high/low, as well as the high and low right before close if they are significant. You should have 2 channels.
Read 9 tweets

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