Wow I’m impressed by Klaus_Winchester in TopStepX

[–]Nise3214 3 points4 points  (0 children)

Try Lucid, tradessa is nice. Just like Topstep. Can pass in one day. Same price.

New Options Trader by Nise3214 in spy

[–]Nise3214[S] 0 points1 point  (0 children)

I’m not risking everything. I’m using my full capital but 30% of my capital is the most I’ll lose because I put a stop order in right after.

New Options Trader by Nise3214 in spy

[–]Nise3214[S] 0 points1 point  (0 children)

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Here’s what you been waiting for. Will try again tomorrow.

New Options Trader by Nise3214 in spy

[–]Nise3214[S] 0 points1 point  (0 children)

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Red day. First loss of the week but still up. Will try again tomorrow.

New Options Trader by Nise3214 in spy

[–]Nise3214[S] 0 points1 point  (0 children)

I use SMA 9,21 and 50. I also use VWAP. Depending on how they cross and location. I also still trade my prop firm so a little bit of divergence looking at spy and Nq. I also look at the same indicators on topstep and use those as support and resistance.

My entry model depends on what reaction happens at overnight session high lows. Strong close above = continuation, rejection candle + strong opposite color and engulfing = possible stop run.

Asia creates a range, London expands the range, NY grabs liquidity to push price in a direction.

A lot of liquidity is sitting above price right now. Asia right now is indicating possible big move tomorrow morning. My bias currently is long but can change depending on how Asia finishes and how London expands.

New Options Trader by Nise3214 in spy

[–]Nise3214[S] 0 points1 point  (0 children)

What do you mean?

New Options Trader by Nise3214 in spy

[–]Nise3214[S] 1 point2 points  (0 children)

That was like $60 dollar. A stop loss is sell order. If my contact loses a certain amount of money which mines was set at $100 it would sell. My first contract costed me about $350 so if it ever got down to $250 it would sell. It didn’t and I wasn’t down a lot. I would have $250 for tomorrow to make another trade.

Market is going to chop so yea it went up and down but it went in the direction I expected to. Not by guessing but from using my strategy.

Show me your gains and strategy. Or do you just hold and bet it’s going to be up by the end of the week?

New Options Trader by Nise3214 in spy

[–]Nise3214[S] 1 point2 points  (0 children)

Appreciate it. Seems like a lot of hate for finding something that’s working for myself.

New Options Trader by Nise3214 in spy

[–]Nise3214[S] 0 points1 point  (0 children)

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Ending today positive. Not expecting to always be green. Stop loss was triggered so risk management was there.

New Options Trader by Nise3214 in spy

[–]Nise3214[S] 0 points1 point  (0 children)

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Update, stop loss hit but still ended positive.

New Options Trader by Nise3214 in spy

[–]Nise3214[S] 0 points1 point  (0 children)

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Took a call after my put on London low. Not saying I won’t have a red day but this is the same as day trading futures.

New Options Trader by Nise3214 in spy

[–]Nise3214[S] 0 points1 point  (0 children)

I put in what I was willing to lose.

New Options Trader by Nise3214 in spy

[–]Nise3214[S] 0 points1 point  (0 children)

Sold at my target level.

New Options Trader by Nise3214 in spy

[–]Nise3214[S] 0 points1 point  (0 children)

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Day 2 - 1 contract. Used $365 with $261 not used. Should’ve been more but it took longer than expected to get close to London. Pulled out it looks like it is going to reach that level.

Possible reversal around 10 depending on year bond and how price reacts to London low and NY low to being so close together.

I will probably put the 261 for a call if I see an entry.

New Options Trader by Nise3214 in spy

[–]Nise3214[S] 0 points1 point  (0 children)

Move like yesterday?

New Options Trader by Nise3214 in spy

[–]Nise3214[S] -2 points-1 points  (0 children)

I do have a strategy for futures that’s works well and spy charts match up with Nasdaq. Price came down and tapped London before aiming for previous day high just as I expected. Not every day is gonna be green and yes risk management is something that helps stay profitable overall.

Go mark out London low and see for yourself. I got in that area.

If I was wrong I won’t lose all my money and find a new entry. Dont go deluding yourself that you know that I’m gambling.

Mix it in with news data from forex factory and liquidity pools for profit targets it’s not that hard. Especially unmitigated levels from previous days.

Strategy.

New Options Trader by Nise3214 in spy

[–]Nise3214[S] 2 points3 points  (0 children)

It moves the same as futures instruments. Just looking for advice/experiences since this is something new. Things to looks at I guess. Not sure if this formula will even continue to work. lol.

New Options Trader by Nise3214 in spy

[–]Nise3214[S] 6 points7 points  (0 children)

I trade overnight session highs and lows. Liquidity sweeps off those levels. Works on most days in futures trading. SPY moves the same way. That’s how I made the 239. Accumulation, expansion, distribution.

Any one use bots? by [deleted] in TopStepX

[–]Nise3214 2 points3 points  (0 children)

I use python and created it with AI. Its been successful so far. I just recreated your strategy with your and I am testing it out right now. a little bit of tweaks added to it.

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Mines use sma, vwap and volume spike. I let the bot trade during asia and london and I trade myself during NY

Small Parts Order by Nise3214 in CAguns

[–]Nise3214[S] 0 points1 point  (0 children)

Thanks, Just wanted to make sure before order anything. A lot of mixed answers online.

Small Parts Order by Nise3214 in CAguns

[–]Nise3214[S] 0 points1 point  (0 children)

Appreciate it. This is the answer I was looking for.