A thread ๐งต on how to find A+ setups to trade! Part 2 of my quick thread series. All examples are trades I took this week on $spy and $qqq
January win rate was 74.71%
February win rate is 77.27%
All trades were based off these easy to learn techniques shown below๐ Lets get it!
January win rate was 74.71%
February win rate is 77.27%
All trades were based off these easy to learn techniques shown below๐ Lets get it!
Levels and Zones - I use these to help me identify where the best r/r will be (long or short)
This first example we have is $qqq on Friday. After a nice downtrend on Thursday i'm watching that PDL zone to hold. Below it I favor going short , Above it I favor going long ๐
This first example we have is $qqq on Friday. After a nice downtrend on Thursday i'm watching that PDL zone to hold. Below it I favor going short , Above it I favor going long ๐
When the market opens I wait and watch the reaction to this zone. As you can see we could not break above this zone, this has me favoring short positions.
Now that I have the direction I want to play decided, I need to find a safe entry to base my risk off of for a good r/r ๐
Now that I have the direction I want to play decided, I need to find a safe entry to base my risk off of for a good r/r ๐
I enter all my trades on the 2 minute timeframe using my ema system. This helps me keep tight stops and get the entries needed for playing closer dated option contracts
I will add a link to the bottom of this thread that quickly details this method I call the "2 minute strategy"
I will add a link to the bottom of this thread that quickly details this method I call the "2 minute strategy"
This next example is $spy on Thursday. We opened up and could not break above the PDH.
Again using the same simple previous day high/low zones made it clear which direction had the best risk to reward to play.
From there I used the 2 minute strategy to rinse and repeat ๐
Again using the same simple previous day high/low zones made it clear which direction had the best risk to reward to play.
From there I used the 2 minute strategy to rinse and repeat ๐
Going back 1 more day to Wednesday on $qqq now. Same technique only this time using an intraday support zone.
Zone breaks โ๏ธ
Buy the pullback โ๏ธ
Ride the ema down, Raise stops and scale out โ๏ธ
Supply and Demand + 2 minute strategy ๐
Zone breaks โ๏ธ
Buy the pullback โ๏ธ
Ride the ema down, Raise stops and scale out โ๏ธ
Supply and Demand + 2 minute strategy ๐
Another example here -
Zone break โ๏ธ
Pullback entry โ๏ธ
Set stop โ๏ธ
Scale out and lock in profits ๐ฐ
Zone break โ๏ธ
Pullback entry โ๏ธ
Set stop โ๏ธ
Scale out and lock in profits ๐ฐ
Remember, always keep risk management your #1 priority! This means size appropriately and have your stop level planned before you enter any trade. No single trade should ever make or break your account.
Thanks for reading ๐
If you found it helpful give it a โค๏ธ + โป๏ธ to share it with others ๐ค
patreon.com
If you found it helpful give it a โค๏ธ + โป๏ธ to share it with others ๐ค
patreon.com
This is a thread detailing my trading strategy. Its a quick read and will give more context to the setups shown above, including how to easily find your own supply and demand zone ๐
Check out part 1 of the A+ setup series, including more examples of these simple effective trading methods ๐
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