June 21
Trades Taken: 1
Trades:
SPY 542 calls, out by 10 am
SPY
Was looking for a dip into the 9 EMA for a long, previous close test for a short.
SPY did test the 9 ema prior to 10 am, but I only got a starter position. In hindsight, the 9 tested perfectly, my plan estimate of where the 9 was premarket was a tad off. Nice green trade into the intraday VWAP and morning pivot point. I did not take the short as I only wanted a test of previous close.
QQQ
Was looking for a long trigger down at the 9 EMA, and a low of day test at 483.43 for the short.
The first level of support I had marked worked very well. I did not like the risk into the 9 ema, so I did not take this trade. Short did not quite trigger and time of day was not right either.
June 20
Trades Taken: 1
Trades:
SPY 548 calls, out by 9:45
SPY
Was looking for a test of previous close for a long, premarket highs for a short.
Took the long first few minutes, paid out nicely, was done with my work day within 15 minutes of market open….
QQQ
Was looking for a test of previous close for a long, premarket highs for a short.
I ended up taking spy long, but qqq calls worked very well to plan on FIRST test before failing on SECOND test. These words are highlighted because my trade plans are designed for the FIRST test only.
June 18
Trades Taken: 1
Trades:
SPY 549 puts on test prior to 10 am
SPY
Was looking a sell off into 5 ema/previous high of range to go long. Wanted test of ATH/previous day high for the short.
Took the short into entry area right out of the gate. Hit it 2 times within a few minutes, taking profits on pullbacks. Was done with my day prior to 10 am est.
QQQ
Was looking fora long at end of day VWAP, and short at ATH.
While I was done trading on the day by the time the long triggered, worked very well and that dip level ending up being low of day.
June 17
Trades Taken: 1
Trades:
SPY 543 puts, done by 9:50
SPY
Was looking for a dip into 5 ema and range support for a long, previous close for the short.
Short at previous close worked well early morning. I entered prior to 10 am and paid out into morning lows. This squeezed out and stopped late/greedy shorts.
QQQ
Was looking for a long into the 5ema, short at premarket highs.
I focused on spy, but this short plan worked well on first test.