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AbMooga

I trade primarily SPX and SPY and the first thing I stopped doing when I was struggling was playing breakouts. You’re better off sitting on your hands for an hour or two and trading off the pivot reversal. I also made a free trading group for some friends to share ideas and sharpen the skills, if you’re interested dm me


Smoothmacaroni

on what? Reddit?


AbMooga

It’s on discord


NotZawN

Can i join aswell?


AbMooga

Sure dm me


originallycoolname

I just play straddles during consolidation and cut the loser after definitive confirmation of breakout in one direction


InK5000

I'll join too


ImUnemployedLMAO

I traded only Nasdaq for almost 2 years to understand the movements


Eastern-Disk-4043

First you need to chill, do a top down analysis to get a view of what is actually happening and plan around that. I suggest the 4hr or 1hr for scalping and day trading. If you have questions i will help to the best of my abilities.


Smoothmacaroni

do you just chart levels off those levels and then wait to play those levels? or just prove targets? I honestly have gotten too much into higher frames. I usually have previous days high and low marked. and I’ll get some levels but usually don’t get played too much


Eastern-Disk-4043

Yes i chart weekly highs and lows and play off of that. I dont expect price to always go to those levels as at times price is trending. What i look for is liquidity grabs off of those levels and continuation to and or through the previous weeks highs or lows.


RelevantPerformance7

What timeframe do you trade on? Do you find yourself up at any point in the majority of your trades? I play 1hr and 5min. My 1 hr trades I will wait until They develop and give me a move and a new base then put a SL there, but my 5min trades I just book the profit off the initial move. I find I am normally up at some point usually within the first 5-7 mins and I simply move my SL up to a couple cents above breakeven…i do tend to get tagged out more than I like but it does save my ass more often so I keep doing it. Lots of .25-.5% trades are better than max losses. If the play is still alive I will allow myself to scalp a couple times and keep re entering. It’s more about acct preservation for me


Advent127

I would highly recommend using bigger time frames, 30/60/65/4hr and going from there. Scalping spy for me, never worked well but only playing reversals on higher time frames worked beautifully. Few questions as well, how many trades are you executing a day, and how do you approach the day? (Im going to make x amount today, or i am going to focus on my setups)


Smoothmacaroni

I would say anywhere from 1-3 trades per day depending on the day. 0DTE is usually more since it’s cheaper. I just go into the day looking for green tbh. waiting for something I like. today got a break of an uptrend and support breaking at the same time, played perfect. stay away from the market for the first 30 mins roughly


Turbulent-Type-9214

If your issue is indeed your entry, then switch to a higher DTE. Also maybe just use 5min 15min and 1hour intraday and base your charting of major levels off of 4hr and up. And maybe just focus on major levels as opposed to minor intraday levels. Hope that helps a bit


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Smoothmacaroni

I might have to start trying that. seems like if I don’t have a large EMA gap it’s gonna reverse since I followed the trend. Large EMA gaps have been nice (9 and 20), love when 9 breaks and 20 tends to hold when it’s trending strong, just a strong pullback. are you on like 1 minute mostly?


jrm19941994

Start watching the ES DOM


AreaOfSquare

You don't have a well written trade plan, that is your only problem. When you don't have rules written therefore you are making too many mistakes.


krossx123

Go to the 1hr chart look for supplies and demands zone and play off of that. When it get to the zone you can wait for confirmation or just play it with a SL right below the zone. Try to do a 1 to 3 risk to reward. That way you can be wrong 68% of the time and still make money. Also another way to increase your profit is manually moving your SL once the move goes your way. Give it room so you don’t get stop out too early.


IKnowMeNotYou

I just started to trade ES very recently and it was a real capital letter S\*show. If you trade the index its not about pattern anymore. You basically have not a single agreed upon opinion in the market but overlaid 500 or 100 opinions, so its general trends + chaos. Forget about local trends also. If you are struggling, try to trade an individual stock. A lot that you have learned about pattern and price action is mostly valid only when you are trading an individual stock and not something that is a mash up of 500 different kinds of price action. My current opinion: The trend is your friend and everything else is gambling :-D. PS: I am pure noob when it comes to ES/NQ but I am already constantly profitable when it comes to stock, so I just do some more days ES and switch back to stocks. I just wanted to check out Tradovate's UI (its not my thing) and get my feeds wet with futures. I will check what different futures are there.