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This is the strategy I used to grow a small account from $500 to $1,000βs
Here is how we used it to take calls on GOOGL today for 193%
I breakdown
- LEVELS
- EMAβs
- PRICE ACTION
- RIDING TREND FOR RUNNERS
RT and LIKE β€οΈ $SPY $SPX $GOOGL
This is the strategy I used to grow a small account from $500 to $1,000βs
Here is how we used it to take calls on GOOGL today for 193%
I breakdown
- LEVELS
- EMAβs
- PRICE ACTION
- RIDING TREND FOR RUNNERS
RT and LIKE β€οΈ $SPY $SPX $GOOGL
LEVELS
Levels play a crucial part in any trading strategy. For this we use
- PMH/PML (Pre Market High/Low)
- YDH/YDL (Yesterdayβs High/Low)
- Major Support/Resistances on higher timeframes 1HR and above
π
Levels play a crucial part in any trading strategy. For this we use
- PMH/PML (Pre Market High/Low)
- YDH/YDL (Yesterdayβs High/Low)
- Major Support/Resistances on higher timeframes 1HR and above
π
LEVELS CONT.
- Above PMH = Bullish and if we are above PMH and YDH this gives a higher probability we head higher and our most Bullish case
- Below PML = Bearish and if we are below PML and YDL this gives a higher probability we head lower and our most Bearish case
- Above PMH = Bullish and if we are above PMH and YDH this gives a higher probability we head higher and our most Bullish case
- Below PML = Bearish and if we are below PML and YDL this gives a higher probability we head lower and our most Bearish case
EMAβs
We use EMAβs also as important levels to enter/exit and understand trend which adds extra confluence
- 13/48 EMA cross up = Bullish
Cross down = Bearish
- 200 EMA price above = Bullish
Below = Bearish
- 8/13/21 EMAβs act as entry levels in confluence with actual levels. We also use these to ride trends and exit positions
Iβll explain with examples below π
We use EMAβs also as important levels to enter/exit and understand trend which adds extra confluence
- 13/48 EMA cross up = Bullish
Cross down = Bearish
- 200 EMA price above = Bullish
Below = Bearish
- 8/13/21 EMAβs act as entry levels in confluence with actual levels. We also use these to ride trends and exit positions
Iβll explain with examples below π
TIMEFRAMES
For this trade we used the 5 min timeframe. Some like to use the 2 min and this strategy can even be used on higher timeframes for swings
Now letβs put this all together with our real life example on $GOOGL
π
For this trade we used the 5 min timeframe. Some like to use the 2 min and this strategy can even be used on higher timeframes for swings
Now letβs put this all together with our real life example on $GOOGL
π
While I took an early entry right over PMH at open I will show you why 134 was the ideal entry. 134 was an ideal entry for a couple reasons
- Above PMH and YDH
Important to note this was also above where we had heavy resistance on the higher timeframes
This shows us bulls have taken over an important level and most likely we head higher
Bulls reclaimed a huge support/resistance flip level and broke out of the range
- Above PMH and YDH
Important to note this was also above where we had heavy resistance on the higher timeframes
This shows us bulls have taken over an important level and most likely we head higher
Bulls reclaimed a huge support/resistance flip level and broke out of the range
Here you can see our EMAβs in action
We had
- Above 200 EMA = Bullish
- 13/48 EMA cross up = Bullish
- Divergence between EMAβs = Bullish
This divergence shows a trend forming. We want to see this. When EMAβs are bunched together that shows there is no trend
We had
- Above 200 EMA = Bullish
- 13/48 EMA cross up = Bullish
- Divergence between EMAβs = Bullish
This divergence shows a trend forming. We want to see this. When EMAβs are bunched together that shows there is no trend
TREND
Now we use the 8/13 and 21 EMAβs to ride trend on the 5 min until we get a full body candle break and hold below
We will ride runners as long as these holds and can even look for another entry into flags into these EMAβs
Now here is where your risk tolerance comes into play
Less risk will be using the 8 EMA highest risk tolerance you will use 48 EMA as last line of defense
Practice and see which one suits you the best!
Now we use the 8/13 and 21 EMAβs to ride trend on the 5 min until we get a full body candle break and hold below
We will ride runners as long as these holds and can even look for another entry into flags into these EMAβs
Now here is where your risk tolerance comes into play
Less risk will be using the 8 EMA highest risk tolerance you will use 48 EMA as last line of defense
Practice and see which one suits you the best!
TIMEFRAMES
Always pay attention to the larger timeframes
Here we can see
- The range and 134 S/R flip level to trade
- Liquidity grab underneath range
- Inverse H&S
More conflunces for an upside breakout
Always pay attention to the larger timeframes
Here we can see
- The range and 134 S/R flip level to trade
- Liquidity grab underneath range
- Inverse H&S
More conflunces for an upside breakout
As you can see the team Banked on this today
If you are looking to join a community where we teach and guide you to become a profitable trader
You can join here
ππ°
whop.com
If you are looking to join a community where we teach and guide you to become a profitable trader
You can join here
ππ°
whop.com
All I ask is that you RT and LIKE for others to learn
Follow @RealJGBanks for more tips like this π $SPY
Follow @RealJGBanks for more tips like this π $SPY
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