ES LEVELS (THINK OR SWIM PLATFORM)
Watch video for install instructions
Use ES levels to trade SPY, SPX or for general direction of the market.
You’ll want to look for three major components to ensure the trade will head towards price targets:
1. Increase in Volume.
2. Moving Averages opening up.
3. Confirm trend change in the direction you are trading.
NOTES:
We suggest using the 5m and 15m timeframe when waiting for these breakouts. A close of a 5m
candle above the trigger is good, a close of a 15m candle above the trigger is excellent. Being
patient and waiting for these will significantly increase your win percentage.
Not every one of these triggers will go your way, using the major components and notes will
help, but sometimes trades just do the opposite of what we expect them to. Because we are
looking to trade with quick momentum, we do not recommend holding if the trade goes south.
Set a physical or mental stop for a 5-10% loss to avoid getting caught holding the bag on a
reversal.
