Types of Trades

In to the level

A majority of the trades I take are “in to the level” trades.

In a perfect world, price action opens at 9:30 smack in the middle of my long and short level. I will take the first trade to trigger IF one triggers in the first 30 minutes.

Example provided shows a short trigger early for SPY, but QQQ long doesn’t trigger until after 11:00.

A “remount” trade is when price blows past a resistance level, and then retraces to test the other side of the same level. Remount is specifically for a long trade.

Instead of going short at the resistance level, remount trade dictates going long on the level as the resistance is being viewed as flipping to support. This is executed by buying calls as the price comes down in to the level AFTER blowing past it.

See the example provided.

Head bump is the same as remount, but for a short trade. This is when price blows past a support level, and then retraces back up to test the underside of that level. May sound silly, put think of bending over to pick something up, and you hit your head on the way back up.

Instead of going long at the support, head bump dictates going short on the level as the support is being viewed as flipped to resistance. This is executed by buying PUTS as the price comes up in the the level AFTER failing it initially.

See the example provided.