SPY coiled! Will Powell's Speech at 10am trigger a move? Trade Ideas for Fri Aug 22
Another day Another Win for Planning! The Highlight High Probability win play delivered. Will we get another one today?
Good morning!
Another day Another Win for Planning! Yesterday I wrote the Highest Probability Trade is the RangeBound trade setup.
And BOOM We got it! I went to say to take profit at 1-3 points so $2 average was good and 636 goal
SPY/SPX
Morning Setup and Afternoon Setup: 634.11 bounce
The first bounce at 9:47was super difficult to scoop. The move happened so fast. ITS OK that wil happen. I kind of resigned that I missed the trade I was looking for.
That said at 1:30pm The trade I wanted came!
SPX 6375c flew! Here is the chart for the 1:30pm entry.
NOTICE how all the easy money was done within under 1 Hour
There is massive opportunity in this market. Are you taking advantage? Literally have planned and alerted trades that pay over 300-1000%! You will need patience to wait for entries and the exits. But if you have self discipline or trust bracket orders, my process can help you get the results you want.
What is Two Hour Trading?
Two Hour Trading is my system for finding and executing trades while spending less than two hours a day trading. My goal is to earn 100-300% on the capital I risk while waiting for 1000%+ gain trades to set up. Key benefits include:
High-quality trades with excellent reward vs. risk
Avoiding overtrading and losses from it
Trading to win vs. trading not to lose
Stacking the deck in your favor
If you are busy and want to see my commentary and ideas in real time consider joining THT-PRO.
Education
How to Join a Strong Trend
The process I typically follow for joining a strong trend are as follows:
All day grinder: join on dips to 20ma
Multi-day grinder:
Join either on support test of morning lows or failed breakdown reversal at key level
Join at VWAP mid day or end of day
Keep it simple. Don’t chase, wait for support levels for great risk/reward entries!
Systematic Profit Taking
How do I take profits? I keep it relatively simple. Depending on the entry and range to the next levels I typically with take profits 50-100% of my profits at 3-10R and then raise stops to above entry with a goal of letting runners take me to the next level or 2 and to then reload if I believe we are consolidating before the next leg.
I then repeat the same process on the reload.
Securing Profits on Options overnight
Sometimes you get this massive paper gains overnight on options but you can’t secure it right? Well if you have a big enough account and a margin account if you have calls you can. What you need to do is buy or sell the stock overnight. and the option turns into a hedge against that position essentially securing your profits.
Trade Ideas - Plan for Fri Aug 22
Stick to process. The process and trade setups I teach works. Rinse and repeat over and over again. There will be losses. Any good system will have them. Being systematic also means the gains will repeat and come again too. If you keep changing your system/process trying in an effort to never lose a trade, you will never get to where you want to go.
Current Market Context (SPY)
It’s really hard to make plan ahead of the 10:00 am Jackson Hole speech. This is my current thinking but the plans may change after. I plan to wait until at least 10:15am before opening trades unless no brain extreme range levels are tested.
Key Levels and Their Significance
With Federal Reserve Chair Jerome Powell’s Jackson Hole speech scheduled for 10:00 a.m. ET today (Friday, August 22, 2025), SPY is in a 5-day coiling pattern amid a large 20-day range from 620 to 647, with current price at 637 suggesting pre-speech consolidation and potential for heightened volatility. Expectations center on a dovish tone signaling rate cuts, but cautious language could lead to mixed reactions and fakeouts. The updated 5-day 5-min chart shows a tight range between ~633.63-639, with volume exhaustion at lows favoring failed breakdowns.