Monday, April 15, 2019

SPY and QQQ using the 20 and 80ema's for Zone Confirmation


    SPY Break through a Zone and Go: Nice bullish gap into prior sell zone. Place entry at the top of the zone, 20ema confirms the support, with the stop placed at the low of the 15 minute candle or bottom of the zone. 


    QQQ: Reverse side entry off a Buy Zone:  QQQ Gap's down under the buy zone and proceeds to trades back into the buy zone. A 15 Minute candle forms for a reverse side entry with 20ema support.

    QQQ Zone Pullback: - Pullback to the 80ema buy zone. Here I would have passed with the wide range 15 minute bar. Great example of nice setup but dont chase if an entry is not present. 

    SPY Zone Pullback: Pullback to a buy zone and rising 20ema. Strong 15 minute candle forms, enter at the high with stop placed below (circle) or a more conservative stop for a swing trade back near the 80ema.


    No comments:

    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