Learning to see, trust, & execute the Intraday System Levels are the key to successful day trading. Position Size, Risk Management, and Intraday Strategies are your critical weapons. Knowing WHEN & HOW to deploy capital is essential which is why we deploy our Daily Matrix System to help us determine if we should be selling Credit Spreads, buying Debit Spreads, playing Long Options, using shares, or trading a combination of each & Hedging. This review is step-by-step using our Intraday Volatility Levels and works with $SPY $SPX $ES $ES_F $QQQ $IWM $BTC (and any other individual stock symbol)
MON (June 6)- SPY opened with a GAP UP, quickly attacked the GREEN BUY TRIGGER and immediately hit our SUPPLY ZONE / R1 (WHITE LEVEL). Fundamentally you take 50% of your profits here...GET RISK OUT OF THE TRADE!! Stop Loss should have been at your entry or higher on the remaining 1/2. 1100 hours price action stalled and sold off back under the OVER/UNDER (not displayed on this chart) and immediately moved down below the RED SELL TRIGGER and to DEMAND / S1 (WHITE LEVEL) & accomplished SELL TGT #1. Again, take 1/2 off your short profits at WHITE, and either 1/4 or close the trade at the 1st TARGET. If you left some short runners on, you were rewarded with a huge 1200 hrs drop down to SELL TGT #2. Remainder of Monday's PM session chopped between S1 and S3 and ultimately filled the opening gap from Friday.
TUES (June 7)- SPY opened GAP DOWN, but rallied from the opening print, achieving the GREEN BUY TRIGGER early and we called Low of Day (LoD) was in by 0945am. Again, 1/2 off at WHITE SUPPLY ZONE, & we achieved BUT TGT #1 in the first hour of trading. Europe close at 1130 gave some an additional long entry, and the move over R2 opened the BUY TGT #2 door (from 413.80 to 416.05) which was a huge move but failed to peak above Monday's HoD (ominous for the remainder of the week).
WED (June 8)- SPY opened GAP DOWN from Tuesday's late run, but the VOL LEVELS had us with a RED MINDSIGHT (under RED SELL TRIGGER) almost the entire day. SELL TARGETS #1, #2,& #3 were hit and the entire afternoon session was between SELL TGTS #2 & #3.
THURS (June 9)- SPY opened GAP DOWN (again) but the Levels were paining a RANGE DAY with price action likely staying inside the WHITE SUPPLY/DEMAND ZONES. RANGE DAY RULES applied until 1400, at which time SPY moved under the DEMAND/S1 Zone and we all know what happened from there...SELL TGT #1, #2, #3, & #4 were hit and we closed at the LoD. Expect more pressure overnight
FRI (June 10)- SPY opened GAP DOWN and only got a wick above the GREEN BUY TRIGGER. NO CLOSE == NO TRADE, so yet again more sell side activity under the 395 level (which was the $SPY OVER/UNDER for the day). Opening Range Breakout (ORB) to the downside, SELL Targets #1 & #2 were hit before 1130am, and SPY expressed range/chop price action until the 1330hrs move back over S2 and push all the way back to the RED SELL TRIGGER at 394.37 before selling back off in Power Hour
MON (June 6)- SPY opened with a GAP UP, quickly attacked the GREEN BUY TRIGGER and immediately hit our SUPPLY ZONE / R1 (WHITE LEVEL). Fundamentally you take 50% of your profits here...GET RISK OUT OF THE TRADE!! Stop Loss should have been at your entry or higher on the remaining 1/2. 1100 hours price action stalled and sold off back under the OVER/UNDER (not displayed on this chart) and immediately moved down below the RED SELL TRIGGER and to DEMAND / S1 (WHITE LEVEL) & accomplished SELL TGT #1. Again, take 1/2 off your short profits at WHITE, and either 1/4 or close the trade at the 1st TARGET. If you left some short runners on, you were rewarded with a huge 1200 hrs drop down to SELL TGT #2. Remainder of Monday's PM session chopped between S1 and S3 and ultimately filled the opening gap from Friday.
TUES (June 7)- SPY opened GAP DOWN, but rallied from the opening print, achieving the GREEN BUY TRIGGER early and we called Low of Day (LoD) was in by 0945am. Again, 1/2 off at WHITE SUPPLY ZONE, & we achieved BUT TGT #1 in the first hour of trading. Europe close at 1130 gave some an additional long entry, and the move over R2 opened the BUY TGT #2 door (from 413.80 to 416.05) which was a huge move but failed to peak above Monday's HoD (ominous for the remainder of the week).
WED (June 8)- SPY opened GAP DOWN from Tuesday's late run, but the VOL LEVELS had us with a RED MINDSIGHT (under RED SELL TRIGGER) almost the entire day. SELL TARGETS #1, #2,& #3 were hit and the entire afternoon session was between SELL TGTS #2 & #3.
THURS (June 9)- SPY opened GAP DOWN (again) but the Levels were paining a RANGE DAY with price action likely staying inside the WHITE SUPPLY/DEMAND ZONES. RANGE DAY RULES applied until 1400, at which time SPY moved under the DEMAND/S1 Zone and we all know what happened from there...SELL TGT #1, #2, #3, & #4 were hit and we closed at the LoD. Expect more pressure overnight
FRI (June 10)- SPY opened GAP DOWN and only got a wick above the GREEN BUY TRIGGER. NO CLOSE == NO TRADE, so yet again more sell side activity under the 395 level (which was the $SPY OVER/UNDER for the day). Opening Range Breakout (ORB) to the downside, SELL Targets #1 & #2 were hit before 1130am, and SPY expressed range/chop price action until the 1330hrs move back over S2 and push all the way back to the RED SELL TRIGGER at 394.37 before selling back off in Power Hour
Vet
