In this strategy trader looks for ANY confirmation (in form of reversal either F.B. or B) of a resistance shown during first hour (most of the time during first 15 min of session open). It helps when the level is already established prior, so initial resistance happens around an…
Level Importance * Some levels are fought over, some are established. Pay attention to established levels, as these will yield intraday reversals. * HOD, LOD, prev. HOD, LOD or pre-market Extremes are all super important, and should be looked at actively when trading F.B. * Look for 2nd tests, to be more…
In this strategy trader selects instruments that have dumped on pre-market and at open.…
Sometimes I need a reminder just how often this money maker happens. How easy it is to see and trade. And how much money it makes, especially when I don't prematurely exit. R to profit ratio is insane on some of these. 10x, 20x, intraday. Stay in it.…
Following are some setups for an intraday compression breakout. Entry/Stop (green/red inside box). The setup is predicated on: * Volatility contraction. I have a script scanning fir these intraday on 1m time scale in TC2000. * Overall daily direction UP (longs) * Global level breakout (as in the breakout you'…