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Trading Plan 04232020 SPX500

Trading Plan 04232020 SPX500

These are my hypo­thet­i­cals for today’s SPX500 ses­sion. Basi­cal­ly the lev­els that I will be look­ing at where it has a high­er prob­a­bilis­tic chance the mar­ket will start react­ing. Then I come up with ways I think the mar­ket will react around those lev­els. Dur­ing the ses­sion I then wait for the mar­ket to hit those lev­els and either con­firm or reject my hypoth­e­sis. I hope that makes sense. If not, please get in touch with me. I am not sell­ing you any­thing. I just love to talk to peo­ple that are on the same path as me. So don’t be shy and reach out. 

Obser­va­tions of the market

  • M: Q point not active. In the process of retrac­ing more than 50% of last month’s candle’s body but still a week left in the candle.
  • W: In the mid­dle of the Q point range. Not opti­mal trad­ing loca­tion. Pull­back to VWAP after already test­ing it last week. This week we closed near last week’s can­dle high and have test­ed VWAP again.
  • D: Q points greyed out. Price reject­ed 50MA once and then made a HL just below. 
  • H4: In the mid­dle of Q points range. Not opti­mal trad­ing loca­tion. Price is con­sol­i­dat­ing below VWAP but no fin­ish­er yet.
  • M30: Retest of pre­vi­ous Sup­ply ZOI (4) dur­ing yesterday’s session.
  • Mar­ket Pro­file: Cur­rent­ly above PVAH and range. Still with­in day’s range.

Hypo­thet­i­cal

Hypo1: H4 Swing Rever­sal below H4 QHi, Yes­ter­day high’s rejection.

Entry Short around 2806. Tar­gets 2798, 2785, extend­ed tar­get 2771

Hypo2: VA acceptance

Entry short around 2778. Tar­gets 2772, 2766, extend­ed tar­get 2757

Hypo3: Range 2781 — 2816

T3chAddict
t3chaddict@bearmarkettrader.com

Day trader. Tech geek. Sim racer/Pilot.

2 Comments
  • T3chAddict
    Posted at 15:59h, 23 April

    Evening star before Lon­don open and con­se­quent drop to rev. range high. Hypo2 pos­si­bly in play. Let’s see when IB is over we can accept into PVA to go short.

  • T3chAddict
    Posted at 17:20h, 23 April

    Near Bull­ish Engulf­ing after hit­ting yes­ter­day range high. Not too con­vinc­ing­ly. Trad­ing around DPOC. Pos­si­ble Hypo3 in play.

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