SPY Trade Ideas for Thu Jan 15
Our Bull Puts and Bear Calls paid! AlphaOS is making Credit Selling and directional bets easy. Market flushed to 686 and formed support and a rallied into close.
Another solid day ! Iwas essentially done by 10:30 with 3 solid trades and after the break of 690 I was comfortable adding to my bear call position to get to over 3x normal size. All credit sell ideas went to 0 yesterday allowing full credit capture.
Notice how I give alternatives to the high probability idea, which payed out nicely!
Here is how I recognize the action. 1. 690.25 broke, then looked like it was going to make a run on 693 but it quickly turned into a Failed Breakout Reversal (FBR). This is what gave me confidence along with contracts being super juiced yesterday to take 6960/65 bear calls for over $1.20
I returned for last hour to catch the squeeze by following the VWAP backtest pattern.
Our 6920c from 1.80 hit 10. I alerted final exits at 8. over 300% gain is good enough for me. (consistency in gains vs max gains and overtrading)
Process = Profits
Lately I’ve been doing the following:
Premarket establish where we likely wont reach. Sell premium for 0.8-0.60 on open.
After 11: second positioning of credit sells.
After 3:30: start hawking/planning for a Spectre Special
What’s a Spectre Special? A yolo trade that goes 300-1000% in under 30 min.
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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
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Plan for Thu Jan 15
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.
SPY Surge Trap: Guard Your Gains
Premarket bias leans bullish above pivot, but key events risk volatility spikes.
Market Context
Premarket Alert: Watch 690.03 Pivot Break
SPY premarket closed at 692.92, above the pivot at 690.03 and between S1 686.17 and R1 694.02. Last 5 days showed range-bound action between 686-697 with multiple failed breakdowns at 686-688 on high volume and failed breakouts near 694-695. Bias is mildly bullish if holds above pivot, but choppy with recent reversals at premarket highs around 693.
Key Events Today
8:30 am - Initial jobless claims (Period: Jan. 10) - Forecast: 215,000 | Previous: 208,000
8:30 am - U.S. import prices (delayed report) (Period: Nov.) - Forecast: -0.2% | Previous: 0.0%
8:30 am - Empire state manufacturing survey (Period: Jan.) - Forecast: 1.0 | Previous: -3.9
8:30 am - Philadelphia Fed’s manufacturing survey (Period: Jan.) - Forecast: -4.5 | Previous: -10.2
8:35 am - Atlanta Fed President Raphael Bostic speaks
9:15 am - Fed Governor Michael Barr speaks
12:40 pm - Richmond Fed President Tom Barkin speaks
1:30 pm - Kansas City Fed President Jeff Schmid speaks
