Thursday, August 8, 2019

SPY and QQQ Zone Trades Today

Below is today's newsletter Index zone trades for the SPY and QQQ


  1. SPY Breakthrough of the 291.40 zone (red to green setup), QQQ agrees breaking through its zone in concurrence, Room for a 1-1 trade or until next zone - Result: out at 1R with SPY and QQQ exited next zone
  2. X: Looking for a short fade off the SPY 292.70 zone, QQQ did not agree as still trading in its zone - nice pass on the trade



HOW I DAY TRADE - MARKET NEWSLETTER The Newsletter is a service for active traders with a focus on short term Buy and Sell Zones and is provided for educational purposes. The purpose is to educate traders on short term trading setups through a two-step process of selecting Daily Charts and applying intraday trading setups. Always use a Stock trading simulator to test, master strategies and become more educated in the markets before risking real money. Become successful on a simulator for a minimum 6 months before risking your money and always use a stop. If the markets conditions don't feel right or if you're unsure of the current days trading environment then PASS on the trade. A missed trade is better than a losing trade.

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Disclaimer

I DO NOT MAKE RECOMMENDATIONS TO BUY OR SELL SECURITIES - I JUST POST TRADES I MAKE OR FIT THE RULES OF MY TRADING PLAN ON A DAILY BASIS. DO YOUR OWN DUE DILIGENCE - YOU ARE RESPONSIBLE FOR YOUR TRADES, INVESTMENTS, AND DECISIONS! ALL CHARTS COURTESY OF TRADESTATION, SCHWAb & TD AMERITRADE