I trade $SPY for a living...
This is one of my favorite ways to find A+ setups π§΅
You've seen the daily payouts!
You've seen the big options trades!
You've seen the consistency day after day!
Now let's dive in and learn one of my go to plays π
This is one of my favorite ways to find A+ setups π§΅
You've seen the daily payouts!
You've seen the big options trades!
You've seen the consistency day after day!
Now let's dive in and learn one of my go to plays π
The goal of this thread is to show you how I identify key levels, confirm the break, enter the trend.
Identify key levels β
Confirm the break β
Enter the trend β
That is the only mission we are looking to accomplish with this setup when the market opens π
Identify key levels β
Confirm the break β
Enter the trend β
That is the only mission we are looking to accomplish with this setup when the market opens π
Identifying key levels β
Keep it simple and focus on these 4 levels βοΈ
Previous Day High βοΈ
Previous Day Low βοΈ
Pre Market High βοΈ
Pre Market Low βοΈ
These are the levels price trades near every single day. So they offer plenty of opportunities.
Keep it simple and focus on these 4 levels βοΈ
Previous Day High βοΈ
Previous Day Low βοΈ
Pre Market High βοΈ
Pre Market Low βοΈ
These are the levels price trades near every single day. So they offer plenty of opportunities.
*Note - I like to make a zone using the Previous Day High & Low levels. These become the main areas of support & resistance I watch each day. (Image below)
Pre Market High & Low (4am to 9:30am EST) I keep as the secondary levels to watch.
Pre Market High & Low (4am to 9:30am EST) I keep as the secondary levels to watch.
Confirm the break β
Next step is to patiently watch these 4 levels until we get a 15 minute candle close above or below one of them.
Waiting for that 15 minute candle close above / below the level is how you confirm the break and avoid a lot of fake outs π
Next step is to patiently watch these 4 levels until we get a 15 minute candle close above or below one of them.
Waiting for that 15 minute candle close above / below the level is how you confirm the break and avoid a lot of fake outs π
Again... Let the 15 minute confirm the breakπ
Enter the trend β
Once the key level breaks is time to enter the trend!
I do this with my EMA strategy on the 2 minute chart. When the level breaks it brings in enough one sided momentum to start buying the 13 EMA dips π
Once the key level breaks is time to enter the trend!
I do this with my EMA strategy on the 2 minute chart. When the level breaks it brings in enough one sided momentum to start buying the 13 EMA dips π
Ensure the EMA trend system is aligning with the level break. Here's how that works.
Add the 13 / 48 / 200 EMA's to the 2 minute chart.
Bullish EMA trend π
13 EMA on top π‘
48 EMA in middle π£
200 EMA on bottom π΄
Bearish EMA trend π
200 EMA on top π΄
48 EMA in middle π£
13 EMA on bottom π‘
Now...
When those 3 EMA's tightly stacked or braided together it's a clear indication of chop / lack of momentum.
When those 3 EMA's start to space out and drift apart it's a clear indication of trend / momentum coming in.
Aim to buy dips when the level breaks and the EMA trend system is showing momentum π
Add the 13 / 48 / 200 EMA's to the 2 minute chart.
Bullish EMA trend π
13 EMA on top π‘
48 EMA in middle π£
200 EMA on bottom π΄
Bearish EMA trend π
200 EMA on top π΄
48 EMA in middle π£
13 EMA on bottom π‘
Now...
When those 3 EMA's tightly stacked or braided together it's a clear indication of chop / lack of momentum.
When those 3 EMA's start to space out and drift apart it's a clear indication of trend / momentum coming in.
Aim to buy dips when the level breaks and the EMA trend system is showing momentum π
Example of a trade on $SPY calls...
Watching PMH β
15 minute close β
13 EMA pullback β
Watching PMH β
15 minute close β
13 EMA pullback β
Check out this one on $SPY puts...
Watching PDL support β
Confirm the break β
Enter the trend β
Note all the momentum that pours in instantly after our entry alert! This is because we are letting the level break + EMA trend align π
Watching PDL support β
Confirm the break β
Enter the trend β
Note all the momentum that pours in instantly after our entry alert! This is because we are letting the level break + EMA trend align π
Another example of timing that momentum on $QQQ using the same simple process π
$IWM puts... Rinse & Repeat π
$SPY calls... Rinse & Repeat β»οΈ
Identify key levels β
Confirm the break β
Enter the trend β
Identify key levels β
Confirm the break β
Enter the trend β
This setup is simple & repeatable week after week!
If I could only trade 1 setup for the rest of my life this would be it!
Thanks for reading and I know this will be a game changer for many who apply it.
Have a great weekend π€
If I could only trade 1 setup for the rest of my life this would be it!
Thanks for reading and I know this will be a game changer for many who apply it.
Have a great weekend π€
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