Strategy 1 - Opening range breakout (ORB)
BASIC VERSION:
Create a watchlist.
I use mega-caps, and index ETFs like $SPY, $QQQ, and $IWM.
MARK PREMARKET LEVELS:
30 minutes prior to market open, use an Hourly time frame to mark the PreMarket High and PreMarket Low.
Be sure to mark the wicks, not just the bodies.
TRADE THE BREAKOUT
Drop to a 5-minute time frame.
Wait for a breakout of either the PreMarket High or Low.
You can enter on the breakout. But I almost always see a re-test. Wait for the re-test and hold, then enter or add.
Exit the trade at a percent profit (10%, 20%, etc), or whole numbers (where large gamma option positions typically act as support or resistance).
ADVANCED VERSION (HIGHER WIN RATE):
This is the same chart but with the InsiderFinance Technical Analysis System in place.
Wait for the InsiderFinance's MACD crossover dot in the oscillator box to give us a much higher success rate.
Enter at the system's oscillator MACD crossover dot (green dot for bullish, red dot for bearish).
Exit when you see a reversal.
strategy 2 - 60/10 Sniper
1. Subscribe to Insider Finance
1. Subscribe to Insider Finance
1. Subscribe to Insider Finance
This day trading strategy has been extremely profitable for us. Similar results are not guaranteed.
It requires you to subscribe at least to Insider Finance's Technical Analysis chart indicators.
It measures buyer and seller exhaustion, market maker behavior, and momentum.
2. The 60 Sets the Target
1. Subscribe to Insider Finance
1. Subscribe to Insider Finance
Set your session to be able to view the "extended" session, to show the pre- and post-market hours.
On the hourly time frame, use the Insider Finance confirmation line to determine the trend - green for bullish, red for bearish.
3. The 10 Pulls the Trigger
4. Trade the Confirmation Line
4. Trade the Confirmation Line
Take entry on the 10 minute, the same direction as the hourly trend.
Exit or stop out if any candle closes on the other side of the confirmation line.
4. Trade the Confirmation Line
4. Trade the Confirmation Line
4. Trade the Confirmation Line
Be sure to stop out on any candle closing on the opposite side of your confirmation line.
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