Worked all day with Chat on this indicator. I am stoked to try it. This is /MES Sunday evening, and it's working like a charm. Based on 9 contracts and scaling.
All paper money. Fake stuff, just to be clear. Gap at open ATH puts stopped out, missed 10X. Limit order filled while I was gone and ended with a profitable day.
The after-hours chart has been the set up. Big momentum today. Premarket pushed it through the 200 SMA. The context is coming off of yesterday's ATHs and some inflation news.
$Spy ATHs using an aftermarket chart that provided the narrow setup. I use the options chart for the trade. Tons of momentum moving stop 3 times. $15 bucks of risk for $54 reward per contract.
I took a clean 4:1 trade like a responsible adult… meanwhile, the market went full rocket ship without me.”😆 (For my records, Trump spoke on the Iran war last night) Volatility is what I'm here for.
Stopped out at even by a few pennies. I drew the rest of the options chart out, as if my stop never hit. Who says you can't trade the options chart? Iran war end tweets.
Opened between SMAs. Trend trade targeting the 20 SMA and the previous day's range over the last 45 minutes. 4 to 1 moved stop as it cleared a risk box. Moved stop loss up 3 times.
5 min $Spy opening range. I was even money on the calls and took 2 to 1 on the Puts. Trading the 2 min options chart. That's how I set my stops and R/R, just duplicating the range of the buy candle. Set the T/S on the options chart greater than 200. It's fun!
I've been watching Oliver Velez. He has a ton of content on trading the market open. You'd better be finger on the button, ready! Here is my take on $tesla @olvelez007 style. Fun stuff
@DRESTRADES Enjoy the charts and I enjoy when you call out B.S. when you see it. I have learned from your content. Glad to be your second follower on this channel. Keep bringing it!
$spy For my records. The market ripped today and I was on the wrong side. However, the Puts were protected by the fibs on the inside gap play. The market later ripped to the used supply zone above. Cut through it like butter. Green is Green