Strategy: Internals
This strategy is based off of volume, underlying stocks, the Magnifiscent seven, and the aggregate indices. When they are all moving in sync I get in and trade the trend. My first indication of trending strength comes from the 9:30 open price. It is marked on all of these indicators (VOLD, ADD, TICK, Mag7, Indices). Once 10:00 hits I mark another open price for 10:00. Based on how many and how strongly the internals are moving in sync, I will trade in that same direction.
A+ Examples:
1.
Market opens with a gap up
Internals: 930 OP @ 10:00
- VOLD below
- ADD below
- Mag7 above
-Indices below
Internals 10:00 OP @ 10:30
-VOLD above for 30 minutes then back below
-ADD below
-Mag7 below
-indices below
How to trade it:
Short at the 10:00 candle, stop is about 10 points. Add once we get the breakout of the previous lower high, add again once we break down from PDC, take the 20 at 10 points, take the partial at the 2m candle stop.
2.
Market opens with a gap up
Internals: 930 OP @ 10:00
- VOLD below
- ADD below
- Mag7 above
-Indices below
Internals 10:00 OP @ 10:30
-VOLD above for 30 minutes then back below
-ADD below
-Mag7 below
-indices below
How to trade it:
Enter on 10:00 candle, add on break of LOD, take partial at 10, hold remainder for 2m stop. Risk about 6-9 points to make 10 but with 3x the size.
3.
Market opens with a gap down
Internals: 930 OP @ 10:00
- VOLD above
- ADD above
- Mag7 above
-Indices above
Internals 10:00 OP @ 10:30
-VOLD below
-ADD below
-Mag7 below
-indices below
How to trade it:
Short at 10, add on the OP break, wiat for the pullup, add again, sell at LOD break, hold partial. Risk about 5 points w full size to gain about 10 points w full size.
4.
Market opens with a gap up
Internals: 930 OP @ 10:00
- VOLD below
- ADD below
- Mag7 above
-Indices below
Internals 10:00 OP @ 10:30
-VOLD below
-ADD below
-Mag7 below
-indices below
How to trade it:
Short @ 10, risk HOD, add on breakdown of flag, take 20 at partial, hold remainder for 2m candle stop.
DRC April 16, 2024
Very hard day to trade. We have clear shorts but very early in the morning, then mag7 faked everyone out and ripped through HOD just to crash back to its OP pulling the entire market with it and subsuquently the ES broke its PDL PML ONL whatever you want to call it. That was my signal that longs may start to work because vold add stopped going for NLOD and indices broke a key level after a huge trend day yesterday. I think the better thing to do on a day like this is trust the shorts at 10 even if mag7 is ripping, take those wins. Wait for PDL to break then look for evidence that longs may beging to work via add vold tick mag7 all being pretty strong after 10.
Sloppiest trading ive done in a long time. Prob red $100 just from fees alone.
DRC April 17, 2024 (max loss day again)
Truly speechless on how retarded I am. We have clear A+ conditions and I am going long over and over again until I hit max loss? what the fuck am I doing? that makes zero sense. why did I create a strategy just to disregard it? this is an easy $1k day if I just trust the trend and trade it the right way instead of just randomly thinking that we just bounce up to HOD for zero reason at all. I just dont even know what to say.
DRC April 18, 2024
Pretty good trading on my end. Followed the strategy nearly perfectly besides the last 2 trades which were still in line with the strategy but stops were just too tight as i wanted to keep my profits. Started out pretty bearish then just flipped long very fast and ripped to upside with pretty nasty looking trend. This is just waiting for enough sellers to get crushed but seeing how strong internals are makes me think we get a really strong green day on the indices. I may be bummed later when I see the ES above 5100 but thats ok. I trade from 10-11:30 and sometimes up until 12 but most of the time if im green by 11:30 its time to walk away.
