I know how much you guys like these, so here’s a simple breakdown of how I look for short-term swing positions w/ @TrendSpider and @unusual_whales

With these, I’m looking to ride high-volume momentum w/ any actionable signal, as long as there are multiple trend confirmations.

THREAD on @Tradytics
Let me start by saying I do get a small kickback on every referral but I only do this for services I use, trust and love. In the following thread I’ll go over what my favorite features are and how I use them.
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DARKPOOL:

DP are private exchanges for trading that are not accessible by the investing public. DP came about primarily to facilitate block trading by institutional investors who did not wish to impact the markets with their large orders and obtain worse prices for their trades.

How I use DarkPool with @Tradytics :

Levels. Levels. Levels. I use DarkPool as areas of support/resistance. Ideally I like to find stocks over (calls) or under(puts) large prints. These prints will help keep the stock moving the direction you want. These levels CAN break. See 👇🏼

website puts them on a nice visual graph. This helps get a quick snapshot of the stock price and where that level is with how big it is (in $$). The site gives you sentiment of the print and labels it 🟢 or 🔴

Tradytics DarkPool 2:
You can even scroll down on the site and find more information. It aggregates the prints into a DP levels chart, a graph showing the daily DP amounts and daily sentiment of those prints.

Finding key levels.

Lately I’ve noticed a lot of you guys have been asking why are @AdamSliverTrade and other League members levels a little different than the ones you’ve mapped out. Here’s a little information that will help you understand why and better the levels you create!

1. Find the daily range of the stock.

Measure the last 5-7 daily candles wick to wick (eliminating any outliers) and calculate the average move the stock makes.

A good example of a outlier candle that you would exclude:

2. Calculate 20-25% of the average daily range the stock moves.

The average range in the example above is about 2.00 (meaning that on any given day you could expect the stock to move 2 points)

20-25% of 2.00 = .40-.50

3. Place Key Level triggers 20-25% above and below the Market closing Price

In this example, You want your call and put triggers at key levels approximately .40-.50 away from the Market closing price.

Mini thread of my strategy.

Disclaimer: I truly don’t feel qualified to share “my strategy”. There are other better experienced traders you should listen to. But here’s what I trade: MOMENTUM, FLOW & CNBC pump 😃

Every night I manually go through 50-60 tickers and find high probability setup based on previous day/week’s action. I chose to manually go through tickers as it helps me continue to learn my frequently traded tickers, their “personality” etc.

I set alerts based on levels I identify. Pivot levels such as previous days high, low, close etc. I tend to set my alerts few $$ below where I’d actually want to enter a trade. This way I can have time to pull the chart up, find the right contract without rushing into any trade

I’ve studied candle sticks and have particular candlesticks I tend to keep an eye out for when I go through my watchlist. Inside days, morning/evening star, spinning tops, hammer, harami, marubozu are some faves. Also note stocks with high volume and strong trend day.

I’m not big on TA as I find it to be too subjective. However, certain patterns that are obvious and that I can identify without squinting too hard, I take note of- bear flags, bulls flags, range breaks, obvious trend lines. I don’t force trends and patterns that don’t exist 😂