MANDO TRADING Profile picture
Futures and Options Trader | Trading Community @_GalaxyTrading | Learn the #MandoModel MAND(o)DNAM | Not Financial Advice |
Jul 31 7 tweets 2 min read
"Buy The Dip!"

A phrase you've likely heard numerous times... but have you ever bought a dip that kept on dipping?

Is there a way to identify buyable dips and dips that might not be worth taking?

Here's how I identify "buyable dips" 🧵 Image There is quite a bit that goes into identifying buyable dips for me, and if you are new to my content (welcome) or not in Galaxy Trading, I need to break down a few key concepts first...

First is understanding higher time frame context:

Every candle should be viewed as information. Which candles offer you more information? Higher time frame candles because there is more time for orders to come in before closing the candle. So using the higher time frame to offer additional insight to what you are seeing on smaller time frames is paramount.
May 16 8 tweets 3 min read
Had a landmark week! $SPY $QQQ $TSLA $RDDT $U

I use/teach 3 setups and one that I leaned on this week and found extremely helpful to identify what the draw on liquidity is (where price is going) was the LKZ aka London Kill Zone.

Let's recap 🧵 Image First, let me explain what the LKZ is so you can see the efficacy of the setup throughout the week.

Inside the London Kill Zone (2am-5am EST), map the highs and lows inside that 3 hour window. From here, I wait for one side of the kill zone to get swept. When one side gets swept, I then wait for the first imbalance to form in the opposing direction of the liquidity sweep.

That first imbalance is my entry and I am targeting the liquidity pool inside the london kill zone that has yet to be tagged...

Sometimes it happens before I wake up, but regardless it is a nice way to get a daily bias for the day.

Here are some examples....
Apr 26 6 tweets 3 min read
Is the "bear market" over?

My thoughts are going to surprise you... 🧵 $SPY $NQ Image A beautiful move last week, as expected (tweet attached below) and is has now set up for an extremely important close to the April Monthly candle.

The close of this candle will dictate the next few months for me. Let me explain why...

Mar 8 5 tweets 3 min read
Has $SPY found its short-term bottom?

My thoughts 🧵 Image During the past week, the price of $SPY got into a quarterly bullish imbalance and responded nicely.

Historically, price tends to not melt imbalances on the first attempt, as the previous 4 have bounced and created a new high, while the most recent first touch failure dates all the way back to April 2022.

On the monthly, price also got into a monthly bullish imbalance. While the imbalance is not in discount of the current price run, I believe this area will offer a bounce.

Any time we have had a "crash" or "bear market", we have had a formation of a bearish imbalance on the monthly time frame. We have NOT formed one just yet.Image
Image
Mar 1 5 tweets 3 min read
Has the market found a bottom? $SPY $QQQ

My thoughts 🧵 Image Let's first start by addressing today's move, which we were all over as the criteria for the "TGIF Setup" was met perfectly.

Following the sweep of multiple sets of relative equal lows, which are pools of liquidity, price got down into discount of the bullish higher time frame run dating back to September. Price responded nicely giving us the 20-30% retracement of the weekly candle the setup implies.

Here is a video that goes into more depth, which was recorded Thursday night... x.com/MandoTrading/s…Image