u/Zacharyclark09

Daytrading with Multiple Confluence Levels

Daytrading with Multiple Confluence Levels

I have been testing my own custom trading view indicator for a few months now and it has been working great. Yesterday I entered a SPY call trade at the 9:36 candle on a 2 minute chart. The confluence was 5 min 200SMA, 1 hour 200 SMA, and PML. I had my stop loss right below the PML and the price respected both the PML and 1 hour 200 SMA. First target was VWAP where I sold 80% of my position, the remaining 20% I let run and took another 10% at first resistance level I have on my chart that my indicator marked, the remaining 10% I got stopped out right at break of previous candle. Great trade!

https://preview.redd.it/gvro84clkh2h1.png?width=3158&format=png&auto=webp&s=82427d2237c4eb47a464c74868fe1fc14e384248

https://preview.redd.it/tushmdclkh2h1.png?width=3164&format=png&auto=webp&s=31c780aeb63109dc96b7c7c570f3f7effb33a7c9

reddit.com
u/Zacharyclark09 — 1 day ago

Trading with Multiple Confluence Levels

I have been testing my own custom trading view indicator for a few months now and it has been working great. Yesterday I entered a SPY call trade at the 9:36 candle on a 2 minute chart. The confluence was 5 min 200SMA, 1 hour 200 SMA, and PML. I had my stop loss right below the PML and the price respected both the PML and 1 hour 200 SMA. First target was VWAP where I sold 80% of my position, the remaining 20% I let run and took another 10% at first resistance level I have on my chart that my indicator marked, the remaining 10% I got stopped out right at break of previous candle. Great trade!

https://preview.redd.it/7ksvz2mekh2h1.png?width=3158&format=png&auto=webp&s=f24866a239b91c57c443b8a746eac489c82fff74

https://preview.redd.it/vvv2d3mekh2h1.png?width=3164&format=png&auto=webp&s=44de25f8946d660d5564912c99c803acc9223d78

reddit.com
u/Zacharyclark09 — 1 day ago

Trading g with multiple confluence levels

I have been testing my own custom trading view indicator for a few months now and it has been working great. Yesterday I entered a SPY call trade at the 9:36 candle on a 2 minute chart. The confluence was 5 min 200SMA, 1 hour 200 SMA, and PML. I had my stop loss right below the PML and the price respected both the PML and 1 hour 200 SMA. First target was VWAP where I sold 80% of my position, the remaining 20% I let run and took another 10% at first resistance level I have on my chart that my indicator marked, the remaining 10% I got stopped out right at break of previous candle. Great trade!

https://preview.redd.it/4yccaaz5kh2h1.png?width=3158&format=png&auto=webp&s=98bf557b6f9e5eaae39e69c567e88fe83ff0170f

https://preview.redd.it/hag4dbz5kh2h1.png?width=3164&format=png&auto=webp&s=c2c5650119f917a7cb258e098de34fe04f3d73b8

reddit.com
u/Zacharyclark09 — 1 day ago

Trading with Multiple Confluence Levels

I have been testing my own custom trading view indicator for a few months now and it has been working great. Yesterday I entered a SPY call trade at the 9:36 candle on a 2 minute chart. The confluence was 5 min 200SMA, 1 hour 200 SMA, and PML. I had my stop loss right below the PML and the price respected both the PML and 1 hour 200 SMA. First target was VWAP where I sold 80% of my position, the remaining 20% I let run and took another 10% at first resistance level I have on my chart that my indicator marked, the remaining 10% I got stopped out right at break of previous candle. Great trade!

https://preview.redd.it/6ll3ltqrjh2h1.png?width=3158&format=png&auto=webp&s=ba51ba82865fcd08b7f6ceb012a184baf2956216

https://preview.redd.it/cuygksqrjh2h1.png?width=3164&format=png&auto=webp&s=d8957bdc854904756e7071dfd6082cc74ad4ed15

reddit.com
u/Zacharyclark09 — 1 day ago

Trading with Confluence Indicator

I am pretty proud of this trade. I have been using my custom built trading view indicator now for about 4 months testing it out in one of the hardest markets (all time highs). Right at open SPY broke the VWAP and PMH and came back and retested the PMH. I entered at the top of the 9:35 candle with a stop loss right below the PMH and also VWAP. My target was right above my first resistance level. Once it touched the target I sold off 80% of my calls and let the others ride hoping to see the target price. Once the target price hit I sold out of all my calls and not even 10 minutes later it reversed hard! It was a great trade and paid about 70% on my premium. This is trading with multiple confluence and price action and it has been a game changer for me!

https://preview.redd.it/mx8jlb1qhw0h1.png?width=2924&format=png&auto=webp&s=eb7f646208153d05c217a13a2772a9631a409179

https://preview.redd.it/dm6cfb1qhw0h1.png?width=2886&format=png&auto=webp&s=3d8eb68af8536c90fd6c17b0bc5a084b94fa5c5e

reddit.com
u/Zacharyclark09 — 10 days ago

Trading with Confluence Indicators

I am pretty proud of this trade. I have been using my custom built trading view indicator now for about 4 months testing it out in one of the hardest markets (all time highs). Right at open SPY broke the VWAP and PMH and came back and retested the PMH. I entered at the top of the 9:35 candle with a stop loss right below the PMH and also VWAP. My target was right above my first resistance level. Once it touched the target I sold off 80% of my calls and let the others ride hoping to see the target price. Once the target price hit I sold out of all my calls and not even 10 minutes later it reversed hard! It was a great trade and paid about 70% on my premium. This is trading with multiple confluence and price action and it has been a game changer for me!

https://preview.redd.it/gfbft3ghhw0h1.png?width=2924&format=png&auto=webp&s=2907f21782eb47c3ce6fc0c31394d08b3b9ce4d5

https://preview.redd.it/84k3oxfhhw0h1.png?width=2886&format=png&auto=webp&s=ace0caa209d7d6f889ce3e1e6c8de0c1d91ddc77

reddit.com
u/Zacharyclark09 — 10 days ago

Trading with Confluence indicators

I am pretty proud of this trade. I have been using my custom built trading view indicator now for about 4 months testing it out in one of the hardest markets (all time highs). Right at open SPY broke the VWAP and PMH and came back and retested the PMH. I entered at the top of the 9:35 candle with a stop loss right below the PMH and also VWAP. My target was right above my first resistance level. Once it touched the target I sold off 80% of my calls and let the others ride hoping to see the target price. Once the target price hit I sold out of all my calls and not even 10 minutes later it reversed hard! It was a great trade and paid about 70% on my premium. This is trading with multiple confluence and price action and it has been a game changer for me!

https://preview.redd.it/1mxpxvajfw0h1.png?width=2924&format=png&auto=webp&s=102945fcad5a6170e690b942edee1a449ee699d2

https://preview.redd.it/sqe6xvajfw0h1.png?width=2886&format=png&auto=webp&s=32214b13f9479307ab02d5c0f1883dff5b5fcad6

reddit.com
u/Zacharyclark09 — 10 days ago

Trading with Confluence Indicators

I am pretty proud of this trade. I have been using my custom built trading view indicator now for about 4 months testing it out in one of the hardest markets (all time highs). Right at open SPY broke the VWAP and PMH and came back and retested the PMH. I entered at the top of the 9:35 candle with a stop loss right below the PMH and also VWAP. My target was right above my first resistance level. Once it touched the target I sold off 80% of my calls and let the others ride hoping to see the target price. Once the target price hit I sold out of all my calls and not even 10 minutes later it reversed hard! It was a great trade and paid about 70% on my premium. This is trading with multiple confluence and price action and it has been a game changer for me!

https://preview.redd.it/pm4u113hew0h1.png?width=2924&format=png&auto=webp&s=7e735bef80005bb3e326dcf126d8fc409bb0715b

https://preview.redd.it/wpwh1yw6fw0h1.png?width=2886&format=png&auto=webp&s=f5930663cbe03cfd12a385248daa2feda011019a

reddit.com
u/Zacharyclark09 — 10 days ago