Thread by @JPooleTrades

🧵10 Minute Strategy Thread🧵

Dont roast, 1st one Lol

This strategy identifies trend and joins it, while avoiding chop and range.

This is a very systematic strategy that removes most emotion that comes from trading.

Less trades, bigger size, tight stops, and less stress 🔑

First off and foremost; this is my twist on @cs_tradess 's famous 2min strat. He has taught me so much, so I give all the credit I can to him. This just fits my personality and daily life better as I do not trade full time.

Disclaimer: I am not a "furu" nor am I aspiring to be one. This is me genuinely offering what I have learned to those who may be in the position I once was in. I’ve gone through all the strategies and indicators you can think of, this is what finally worked for me.

Try it out, it will likely make a lot of sense to you and reduce a lot of the emotions that come with trading that make us do stupid shit. Or not, I really do not care. I could give a shit how many followers I have. Here is simply what works for me:

Basic layout:
- SPY & QQQ
- 10min Chart
- 13ema & VWAP
- Flag entries
- 5dte Cons
- 10% SL
- 5-10% Trailing SL

I mainly stick to SPY & QQQ to keep things simple and consistent. Quick fills. No need to watch 10+ names imo. Master 1 or 2 and rinse and repeat. 🔁

I stay on the 10min chart, just trust me. That shit is clean 🧼

The first thing I look at going into a trading day is PDH and PDL zones. I have 3 simple rules, they're not 100% but they gives me a good map for day:

1. Over PDH = Look for trend up
2. Under PDL = Look for trend down
3. In between PDH & PDL = Likely chop in between, no trend.

Indicators:

Next I will see where the 13ema & VWAP are. 3 rules again:

1. 13ema extended over VWAP = Trending up. Hunting Calls.
2. 13ema extended under VWAP = Trending down. Hunting Puts.

3. If there is little space, no extension, and they keep crossing, we're chopping / ranging.

The entries is the most important part.

Once the 13 ema is extended away from vwap. I am looking for a uniform flag pattern pull back to the 13ema.

The entry is the break of the top of the bull flag OR the bottom of the bear flag. This eliminates a shitload of fakeouts.

Here are some examples:

Another:

Another:

I take 5dte cons as close as I can to ITM.
I use a 10% SL. 10% is PLENTY for a 5dte, this will provide room for error and prevent getting wicked out.

As the cons go up, once it surpasses 10% in the green, I will begin to trail to allow the cons to have room to keep going but at the same time securing my gains.

I normally trail 5-10% behind the cons price. 5% on the majority of my cons, 10% on the runners.

With this criteria you will have maximum 5-6 entries on a trend day. And possibly none on a range day. If it doesnt fit my criteria, I dont even think about entering a trade.

The method I use for stop loss and trailing takes most of the emotion out of stopping out or taking profit. I follow my system and let my stops do the work. If it hits my stop, it hits my stop. My losses will all be 10% max.

5dte cons being much slower than 0 or 1dte's allows to keep the losses super tight to 10%, this allows me to enter with larger size, while the entry criteria calls for less trades.

Some might say 5dte cons are too slow and limit upside. I suggest you research yourself. On a trend day, 40-60% moves are not uncommon at all. I have had a few 5dte trades recently that go over 100%+. If risk is 10%, you do the math on R/R.

This was hard to do in a thread so maybe I'll make a video soon so its easier to understand. I hope this makes sense and can help some of you. 🙏

END.

@VibeChartz Stick to being an aspiring furu buddy

@VibeChartz @blakestonks Insane! 🤣