In this thread, will go over a simple strategy to use @unusual_whales and how it has been helping me personally to take trades
It's all about moment of truth
This is specifically for Day Trading and may be swing for a day at max
First I screen for the flows with the following filters:
Time Range: Today
Premium > $25k
Size > 100
Filters to remove ETFs, Dividend, Index
Expiry: Same week Friday
Volume > Open Interest
What these filters do is that it will output high possibility outcome
Once you have the LIVE flow starting to roll, you will start to see the tickers with all the emojis.
Emojis help even a beginner identify a trade being #BULLISH or #bearish
High level 👇
A CALL Ask side = 🐂
A CALL Bid side = 🐻
A PUT Ask side = 🐻
A PUT Bid side = 🐂
In this example, let's say we take $TSLA that started to roll at the end of day with Bull emojis and I am interested
I click on the ticker that will present me with the screenshot as posted
This is not real time example, so, don't focus on the current prices and real trades
What I am really interested at this point is the "Analyst Page" that shows me the basic chart with indicators I added and the flow too
I look at the 15 min chart as I am doing a day trade + I plot 21 EMA on it and check where the price is
Now depending on whether you arrived at this point to buy calls / puts:
See how close the price is to the 21 EMA
Wait for a break above or below the 21 EMA
Assuming your intent is to buy calls, you wait for the price to break above
Hold the trade until condition reverses
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Premium > $100k
Size > 100
Vol > OI
Contracts expiry: 2/4
Filtered out the noise of all ETFs, Index, Weed, Dividends etc.
The results that came out of those filters is the flow I am showing in this screenshot
Looking at the rising market and because $NVDA hadn't moved a lot, these 2 orders marked with red arrows caught my eye and I hopped on (Screenshot of order)
After you hop on, there can be a lot of other orders that can start to flow. But to help your own trade that you just took, you need to dig into it a little further
So, that's where I went to today's flow levels. This is end of day screenshot but match it with my order