Benefits of Trading Fibonacci Thread 🎯 Discounted Premiums

How many of you walk into the car dealership asking to pay full price? The stock market isn’t any different. When playing Fibonacci, we are buying the pullback of large impulsive moves, meaning that we are getting a discount on the option premiums.

Fibonacci Day Trading Strategy Thread ✏️ Algorithmic Trading

Fibonacci works because powerful computer programs use the Fibonacci Sequence to transact large numbers of orders in fractions of a second. In short, we want to trade with high frequency algorithms and Fibonacci allows us to do that.

$SPY Fibonacci Day Trading Strategy 🧵 STEP 1⃣: On the 5 minute chart, utilize your fibonacci tool to connect the swing high to the swing low as seen in this chart. Remove all fibs except 0.5, 0.618, 0.786, otherwise known as the Golden Ratio. Identify your stop loss as a 5m candle close above the Golden Zone (0.786)

$SPY I stopped trading for the first 30 minutes of market open. Why? I don't know the trend so I stay patient and let the market show its hand first. Check out the mid-day opportunities $SPY provided last week to play trend line breaks ⬇️⬇️ $SPY Tuesday 5/10

Large morning session flush started to build support eventually forming into a tightening symmetrical triangle. At 1:25pm, breakout confirmation to the upside is confirmed for a $4.81 move to the pivot high.

$SPY Trend Line Break Strategy

In this thread, we will take a look at how to identify a trend and how to play a confirmation of a trend line break to the upside or downside. In playing the trend line break strategy, the first thing that needs to be present is a trend. We can identify a trend by the stock price making a higher low or a lower high. Once identified, we should draw a trend line reflecting this trend as support or resistance.

$SPY Tuesday 5/10/2022 Bears established full control immediately gapping us down premarket below demand zone support to $406.36, which ended up being the high of day. Bulls made two unsustainable attempts to protect the $400 psych level but ultimately failed as each pop was sold to new lows

Supply & Demand Zone Educational Thread 🎯 Management of Emotions ✅

I think supply and demand zones are much more conducive to the success of new traders. Why? It reduces the high-tempo and stress driven emotions of trading breakouts that often lead to fake-outs and longs/shorts trapped.