$SPY With the textbook break & retest of our zone for +100% 🔥
Will break this trade down later and show how I added some a little early and got stopped out, and why I re entered the trade right after 🤙
Supply & demand ✅
2 minute strategy ✅
Risk management ✅
$SPY Cheers to another one gang 🍻
Not nearly as easy as yesterday but we made out alright! Hopefully everyone killed it out there 🤙
Zones prepped and ready to do it all again tomorrow. October was massive and November will be the same!
Will catch up on recaps end of week 👊
$SPY Pro Trading Tip 📝
Here’s a simple way to determine daily price direction for day trading👇
Mark the Previous Days High & Low. I create a small zone for each using the 15 minute chart ✅
Mark the Pre Market High & Low. I use a single dotted line for both so it’s easy to identify ✅
Use these 4 areas as your range indicator. They are really helpful for determining choppy days from trend days.
If price breaks over both the PDH & PMH then buyers are likely in control, look for calls on the dips 📈
If price breaks under both the PDL & PML then sellers are likely in control, look for puts on the pullbacks 📉
If we are in the middle of these levels then price is in range and much more likely to be choppy, play cautiously 📈📉
Use as a loose guide and add in your favorite trading techniques to assist you into trades 🤙
Here’s a recent example of all 3 scenarios featuring my 3 favorite tickers, $SPY $QQQ $IWM ⬇️
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$SPY One of my favorite things to scan for while market is chopping around are bull/bear flags.
I scan through the 5, 10, 15 minute charts to see if we have any structured pullbacks to watch.
This 15 minute flag on $QQQ today was a good example. When flags like this break it often brings in enough momentum to push us out of that choppy area ⬇️
A few support and resistance zones are all you need to get a good grasp on daily direction 🤙
$QQQ paying +300% on calls up to our supply zone then another +50% on puts after we reject 💰
I got a feeling Team2 is going to make a bunch of millionaires in 2024 🤯
At #Team2Trading the focus is always on teaching the why behind the trades.
We are not just an “alert” service. We strive to help build self sufficient traders through education!
The 80% win rate on the past 85 trade alerts is just a bonus and proof of how solid these simple strategies we teach really are!
Use code “LEARN” and get 25% off any membership! ⬇️⬇️⬇️
https://t.co/1c1vnkHrF1
Pro Trading Tip 📝
If your main focus is trading $SPY & $QQQ then $IWM could be a great addition to that list!
I’ve been trading it for years and it’s served me really well!
Cheap contracts ✔️
Smooth price action ✔️
Respects levels well ✔️
We’ve been feasting on it this week both down and up! So when $SPY and $QQQ aren’t giving you that price action you are looking for, try giving $IWM a peek 🤙
$IWM chart breakdown including exact entry and exit points from todays trades 📝
The system & setups are always the same! I’m using supply & demand for direction and my EMA trend system for momentum & entries.
It’s called the 2 minute strategy and it works ridiculously well 🤙
$SPY just wrapped up the 4th week in a row of consecutive green days with the team 💪
1 red day all of October! Can we clean sweep November? The answer is I couldn’t care less!
I’m focusing on trading MY setups day in and day out! If I do that the results will speak for themselves as usual. Let’s go gang 🤙
Round 2 on $IWM goes over 100% for the team this afternoon 💰
Check out that 173.66 level from the post this morning. Old resistance become new support and vice versa 📝
+85% on the break of that resistance this morning ✅
+100% on the retest of that support this afternoon ✅
Clean move on a lot of names this morning. My focus was on $IWM
Once again checked all the boxes that I point out daily 👇
Above Previous Day High ✅
Above Pre Market High ✅
Breaking over resistance ✅
2 minute strategy ✅
I’m making this too simple for you guys 🤙
$SPY +100% Trade Alert Recap 🚨
If you reviewed yesterdays post then you probably picked up on the striking similarities in todays price action!
This trade was a mirror image of yesterday trade / recap 🎯
Same levels ✅
Same pullback ✅
Same time of day ✅
Same entry ✅
Same monster gains ✅
This is called a repeatable system/setup and it’s how you build consistency in your trading 💪
Find your system and get locked in!
https://t.co/1c1vnkHrF1
#Team2Trading keeping everyone on the right side of the move today!
Check out $SPY in relation to last nights Pro Trading Tip! It was all you needed to catch that massive move up this morning!
Remember ➡️ Above PDH + PMH = Favor long/calls on dips 🤙
https://t.co/F5I0NsFWhT