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Daily Day Trading Plan

This document provides instructions for day trading using technical indicators on the 5 minute and 1 minute charts of currency markets. It outlines 3 main trading setups: 1. Looking for short trades when the 5 minute moving averages are in a downtrend and the 1 minute chart shows a red bar count of 9 below key support levels. 2. Entering trades when the 5 minute candle breaks below support as indicated by the 1 minute chart, as long as the bar count remains in the required range. 3. Trading institutional daily or weekly support/resistance levels, focusing on retests with candlestick patterns and bar counts for confirmation of the next direction.

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0% found this document useful (0 votes)
284 views10 pages

Daily Day Trading Plan

This document provides instructions for day trading using technical indicators on the 5 minute and 1 minute charts of currency markets. It outlines 3 main trading setups: 1. Looking for short trades when the 5 minute moving averages are in a downtrend and the 1 minute chart shows a red bar count of 9 below key support levels. 2. Entering trades when the 5 minute candle breaks below support as indicated by the 1 minute chart, as long as the bar count remains in the required range. 3. Trading institutional daily or weekly support/resistance levels, focusing on retests with candlestick patterns and bar counts for confirmation of the next direction.

Uploaded by

lowtarhkY
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
You are on page 1/ 10

DAILY DAY TRADING PLAN

Gatherplace will be used to place all of your trades. You will be using the 5 minute chart
for the trade setup and the 1 minute chart for your entry, stop and trailing stop.You will
be viewing these currency markets in this order from left to right. The Euro 5min and the
1 minute. The British Pound 1 minute and 5 minute. You can scroll down to a third
viewer on gatherplace to view the 5 and 1 minute Austrian Dollar once you become great
at these 3 setups. The 4th setup will be my E-book 830am setup. You will use the
momentum dots with the 830am setup. The trading setups will be the same for all three
currency markets. Let's first look at my top setups. Then I will break the charts down one
indicator at a time.

1. 5 MINUTE MA TONE WITH 1 MINUTE BAR COUNT ENTRY OFF OF 1 MINUTE SETUP
5 MINUTE WHITE MOVING AVERAGE IS BELOW THE MAGENTA. THE SPREAD IS WIDE AND
BOTH MA'S ARE RUNNING PARALLEL WITH EACH OTHER. PRICES ARE BELOW BOTH MA'S.
TREND IS STRONG DOWN. ONLY LOOKING FOR SHORTS OFF OF MY 1 MINUTE CHART WITH 5
MINUTE TONE. MY 1 MINUTE CHART PURPLE SYMMETRY DOTS ARE SETTING LOWER HIGHS
CONFIRMING A HARD DOWNTREND AND THE SAME CHART SHOWS PRICES ARE BELOW MY
YELLOW MA. INDICATING MAJOR WEAKNESS NOW. I HAVE THE 5 MINUTE MOVING
AVERAGE TONE DOWN, SYMMETRY DOTS ARE SETTING LOWER HIGHS AND PRICES ARE
BELOW MY YELLOW MOVING AVERAGE ON MY ONE MINUTE. THE MARKET IS CURRENTLY
TRADING BELOW MY BLUE INSTITUTIONAL NUMBER TO REALLY MAKE THE TONE DOWN. I
WILL CONCENTRATE ON MY 1 MINUTE CHART AND LOOK FOR ANY RED BAR 9 COUNTS
IGNORING ALL GREEN COUNTS DUE TO THE DOWNTREND. I WANT THE MARKET TO
RETRACE BACK UP SO I CAN GET SHORT THE MARKET. THE BAR COUNTS START TO COUNT
RED. 123456, WHEN THEY REACH 7 MINUTE I WILL BE LOOKING TO GET READY TO SHORT
THIS COUNTER RETRACEMENT. I WILL LOOK FOR MY 3 CANDLE STICK PATTERNS AND START
WATCHING FOR DIVERGENCE. DIVERGENCE IS NOT NEEDED BUT ADDS POWER TO THE
TRADE. ONE OF MY CANDLESTICK FORMATIONS COME UP. A DOJI. I'M NOW READY TO
SHORT. I'M GETTING READY FOR MY MAGENTA SELL DOT. SELL DOT POPS UP AND I ENTER
AT THE MARKET. I LOOK FOR THE MOST RECENT SWING HIGH BEFORE THE DOT AND PLACE
MY HARD STOP 2 TICKS ABOVE THE SWING HIGH. MY FIRST INITIAL TARGET WILL BE MY
CYAN SYMMETRY DOTS TO SCALE OUT OF CONTRACTS FROM MY SHORT. I WILL THEN
ADJUST MY STOP TO BREAKEVEN FOR A FREE TRADE ON THE REST OF MY CONTRACTS. I
CONTINUE TO SCALE OUT ON MY CYAN DOTS AS THE MARKETS MOVE LOWER UNTIL I HAVE
REACHED MY NEXT INSTITUTIONAL LEVEL.
REMEMBER, THE WIDER THE SPREAD ON THE 5 MINUTE BETWEEN THE MA'S INDICATES
MAJOR WEAKNESS. THIS ALLOWS THESE NUMBER COUNT RETRACEMENTS TO BECOME
VERY VERY POWERFUL. ANOTHER NOTE, IF THE BAR COUNT ERASES BEFORE A SELL OR BUY
DOT COMES UP THEN FORGET THE TRADE. ALSO, ALL BUYS MUST PRINT AT LEAST A BUY 9

OR 13 ON OR ABOVE 40% AND ALL SELLS MUST PRINT AT LEAST A 9 OR 13 ON OR BELOW


60%. THE PRINT MUST STAY THERE UNTIL A MOMENTUM DOT POPS UP. ANY PRINT
OUTSIDE OF THESE PARAMETERS CANCELS THE SETUP. THE NUMBERS MUST PRINT BELOW
60% FOR SHORT OR ABOVE 40% FOR BUYS AND A MOMENTUM DOT MUST COME UP
BEFORE A PRINT IS OUTSIDE OF THE 40%-60% SETUP.
2. 5 MINUTE TONE WTH 5 MINUTE CANDLE HIGH/LOW BREAK WITH 1 MINUTE ENTRY
THIS SETUP REQUIRES THE 9 OR 13 BAR COUNT TO BE WITH THE MOVING AVERAGE TONE
ON THE 5 MINUTE. FOR SHORTS, THE 5 MINUTE MA'S MUST BE IN A DOWNTREND AND THE
RED 9 OR WHITE 9/13 MUST BE BELOW AT LEAST THE 60% LINE WHEN THE CANDLE LOW IS
BROKEN ON THE 5 MINUTE AFTER THE QUALIFIED BAR COUNT. THE MARKET IS REALLY
WEAK IF YOU GET THE COUNT BELOW THE GREEN 40% LINE. START WATCHING THE BAR
COUNTS AT 7 JUST LIKE I DO ON THE 1 MINUTE. I WILL WATCH THE 5 MINUTE CANDLE
CLOSES. I WILL LOOK FOR ONE OF MY THREE CANDLE STICK FORMATIONS STARTING AT 7
THEN 8,9. ONCE THE MARKET COUNTS TO 8 OR 9 I WILL WATCH FOR A BREAK(NOT CLOSE)
BELOW THE 5 MINUTE CANDLE LOW. BEFORE IT BREAKS I WILL FIND THE LOWEST LOW OF
THAT 5 MINUTE CANDLE AND PLACE IT ON MY 1 MINUTE CHART TO GET READY FOR THE
BREAK. ONCE THE MARKET CLOSES BELOW MY 1 MINUTE NUMBER BY A WHOLE CANDLE
YOU CAN ENTER THE MARKET AS LONG AS THE 9 OR 13 BAR COUNTS STAYED IN THE
REQUIRED 40%-60% RANGE ON THE 5 MINUTE CHART AT THE BREAK ON THE ONE MINUTE
CHART. THE STOP WILL BE 2 TICKS ABOVE THE 1 MINUTE SWING HIGH. ALSO, YOU CAN WAIT
FOR THE MARKET TO CLOSE BELOW THE 5 MINUTE LOW NUMBER ON THE 1 MINUTE THEN
RETRACE UP AND TAKE THE FIRST MAGENTA SELL DOT AND PLACE YOUR STOP 2 TICKS
ABOVE THE NEAREST SWING HIGH. THIS SETUP CAN MOVE THE MARKET 40-60 TICKS.
ALMOST ALL THE BIG MOVES WILL START WITH THIS SETUP. THE KEY TO THIS SETUP IS
ALWAYS TRADE WITH THE 5 MINUTE MOVING AVERAGE TONE AND MAKE SURE THAT THE
NUMBER COUNT MEETS THE REQUIRED 40%-60% RULE. ONCE THE NUMBER COUNT IS
QUALIFIED BELOW 60% FOR SELLS OR ABOVE 40% FOR BUYS, START WATCHING THE 5
MINUTE CANDLE LOWS AND HIGHS FOR SHORT/BUYS AFTER THE NUMBER COUNT. KEEP
UDJUSTING THE 1 MINUTE NUMBER WITH THE 5 MINUTE LOW/HIGH AS EACH NEW CANDLE
FORMS ON THE 5 MINUTE 8,9 COUNT UNTIL BROKEN. IF THE MARKET CONTINUES AND
NEVER BREAKS THE 1 MINUTE ENTRY AND THE COUNT GOES OUTSIDE OF THE 40-60% ON
THE 5 MINUTE THEN THE TRADE IS CANCELLED. THIS STRATEGY ALLOWS YOU TO SELL OR
BUY A RETRACEMENT IN A HARD DOWNTREND OR UPTREND. VERY POWERFUL SETUP.
3. 5 MINUTE TONE IS DOWN/UP ENTER OFF OF AN INSTITUTIONAL DAILY OR WEEKLY
NUMBER WITH OR WITHOUT NUMBER COUNT ON A RETEST
THIS IS A VERY POWERFUL SETUP. LET'S SAY THE 5 MINUTE TONE IS DOWN AND SPREAD
WIDE. IF AN INSTITUTIONAL NUMBER IS APPROACHING THEN YOU WANT TO GET READY
FOR A BREAK OF THAT NUMBER BY AROUND 10-20 TICKS THEN A RETEST OF THAT
EXACT NUMBER AND LOOK FOR A DOJI, HAMMER OR SPINNING TOP. THESE TRADES CAN
HAVE DIVERGENCE CONFIRMING THE RETEST AND SOMETIMES WITH THE 9 BAR COUNT
FOR CONFLUENCE. YOU WILL NOTICE ON THESE TRADES THAT YOUR SYMMETRY DOTS
WILL BE SETTING LOWER HIGHS ON SHORTS OR HIGHER LOWS FOR BREAKOUT RETEST
LONGS OFF OF YOUR 1 MINUTE. YOU WILL ALSO NOTICE THAT YOU HAVE REAL GOOD 1
MINUTE MOVING AVERAGE SPREAD BEING FAR FROM THE YELLOW MA BEFORE THE
RETEST. THE BLUE INSTITUTIONAL NUMBER IS MY FAVORITE TO PLAY OFF OF DUE TO

THE FACT IT'S THE CONTROL POINT AND MAJOR MOVES OCCUR OFF OF IT. THE MARKET
TENDS TO SLOW WHEN IT APPROCHES MY RED OR GREEN OUTSIDE INSTITUTIONAL
NUMBERS. A BREAK, RETEST OF MY BLUE DAILY NUMBER CAN BE VERY POWERFUL WITH
THE 5 MINUTE TONE. THE BEST TIMES TO LOOK FOR THIS SETUP ARE 2AM-5AM EASTERN
AND 930AM-11AM EASTERN. ONCE THE NEW YORK OPENS THESE INSTITUTIONAL
LEVELS BECOME VERY IMPORTANT LEVELS TO TRADE OFF OF. YOU CAN TRADE MY
830AM E-BOOK TRADE SETUP TO 930AM EASTERN. ALSO, AFTER AN INSTITUTIONAL
NUMBER IS FIRST BROKEN OR RETESTED AND I HAVE MY SYMMETRY DOTS AND MY
MOVING AVERAGES ON THE 1 MINUTE IN LINE, I LOOK FOR THE FIRST 1 MINUTE BUY
GREEN 9 OR SELL RED 9 AFTER THE MARKET JUST STARTS TO GET MOVING. THESE
40-60% SETUP ARE POWERFUL BECAUSE THE MARKET IS JUST HEATING UP AFTER
PUSHING AWAY 15 PLUS TICKS FROM AN INSTITUTIONAL NUMBER. I CALL THIS THE
"SWEET SPOT" TRADE. THIS HAPPENS ALOT NEAR OR RIGHT AFTER THE NEW YORK OPEN
FOR THE FIRST HOUR AND HALF.
THESE 3 SETUPS WITH MY POWERFUL E-BOOK SETUP AT 830AM ARE MORE THAN
ENOUGH TO MAKE A TON OF DAILY AND WEEKLY TICKS/PIPS. I DO GO OVER MY #2
SETUP, BRICK WALL SETUP, TDST'S AND MY WHOLE NUMBER CANDLE STICK TRADES IN
MY LIVE ROOM. MASTER THESE 3 SETUPS AND MY POWERFUL E-BOOK 830AM SETUP
AND YOU WILL TRADING ALONG SIDE OF THE TOP ELITE TRADERS IN THE WORLD AND
YOUR PROFIT AND LOSS STATEMENT WILL SHOW IT.

5 minute chart and 1 minute chart


1a. 2 MOVING AVERAGES(for the 5 minute)
You will see a white ma and a magenta ma. These two moving averages tell you the tone.
Do not trade against the tone. When the white is below the magenta then you will only
look for shorts. When the white is above the magenta, you will only look for buys. The
wider the spread after the cross, the stronger the trend. Great spread with prices above
both ma's or below both ma's dictate a hard move in that direction. When you are in
between both ma's the market tends to be in a consolidation period before resuming a
trend. When these moving averages first cross and start to spread, the first retracement
back to the longer term magenta ma will be a great area for a long or short setup. The
wider the spread before the counter retracement, the stronger the trade. The angles of
the both ma's will tell you how strong the trend is. I like when both ma's are crossed with
a nice spread and parallel with each other with a nice 35-45 degree angle.
1b. 3 MOVING AVERAGES(for the 1 minute)-You will see 3 moving averages on the 1
minute.
Yellow moving average -- MOST IMPORTANT
The farther away the magenta and white lines are from the yellow line the BETTER the
trade or trend. You want prices to be above/or below the yellow m.a. when taking trade
setups.

2. 9 RED AND GREEN NUMBER COUNTS


These number counts will be at the bottom of the 5 minute and 1 minute charts. They will
dictate when a possible major move in that market is about to happen once the number

count completes with the TONE of the 5 minute moving averages. In other words, if the 5
minute ma's are crossed down, you will look for a red bar count to complete at 9. Also,
you will ignore all green bar counts due to the downtrend. Opposite for buys. The area of
the 9 print is very very important. You will notice a green horizontal line at 40% and a
red horizontal line at 60%. These lines are fixed lines that will tell you how strong or
weak the market is on a retracement. The market MUST print a red 9 at or below the 60%
fixed red line for shorts and MUST at least print a green 9 buy at or above the green 40%
line. If the bar count prints outside or does not straddle these fixed lines then NO TRADE
SETUP. The ultimate buy signal will be a green 9 count above the 60% fixed red line. This
shows ultimate strength in the market. The second best 9 green bar count will have to
print at or above the 40% fixed green line. The ultimate sell will be a red 9 count print
below the green fixed 40% line. This show major weakness. The second best trade will
be a 9 red number count at or below the red 60% fixed line. You NEVER take these bar
counts without the moving average direction tone. If the moving average tone is down
on the 5 minute chart, you will look for a 9 red number count below 40% or below 60%.
Below 40% shows that the market is really weak and a major move will be coming. If the
5 minute moving averages are up, you will look for a 9 green number count to print
above 40% and 60%. Above 60% green 9 count shows that the market is ready for an
explosive move to the upside. Remember, only with the direction of the TONE. In
addition to the 9 green and red counts, you will have 9/13 white counts. You will treat
them with the same rules.
LOWER CHART
Solid Red Line at 60%
Solid Green Line at 40%
These lines never change and are the same on every gatherplace chart.
Number Counts -Green 9 used for longs/buys Best when the 9 count is ABOVE the Solid Red Line (60%
line). Second best will be a 9 print above 40%.
Red 9 used for sells/shorts Best when the 9 count is BELOW the Solid Green Line
(40%line). Second best will be a 9 print below 60%.
You will always enter off of the 1 minute with my momentum dots explained below. The
5 minute count will never be used for entry. Only as a count setup with a 1 minute entry.
Explained below in my trade setups.
Remember, NO TRADE SETUP when the green 9 print is below 40% for buys or when the
red 9 print is above 60% for sells. The 9 counts can straddle the lines but MUST not print
outside of them. At times you will notice a 9 or 13 WHITE number count that overlaps the
red or green counts. You will trade these White number counts the same way that you
trade the green and red 9 prints. They cannot violate the 40-60 rule.
*****KEY POINT****Only look for the bar counts with the direction of the 5 minute
moving averages. If the moving averages are down then only look for the red 9 counts

below 60%, below 40% the best on the 5 and 1 minute charts. Opposite with buys. Below
I will go over how you trade the 5 minute tone 9 count setups with the 1 minute chart for
entry.

3. INSTITUTIONAL DAILY, WEEKLY AND MONTHLY NUMBERS


These numbers will be major support/resistance. The daily numbers change every night
at 6pm eastern. The weekly numbers change every Sunday night at 6pm and are good
for the whole week. Monthly numbers are updated once a month. Here's what they look
like.
Institutional Numbers (updated every day at 6pm eastern, updated under the
announcement tab on omnovia viewer)
++++++++
Daily Projected High of the market-This will be major resistance for the
entire trading day. If this number is ever broken above, then look for a retest of this
number, candle stick pattern that we look for then a green buy dot for a breakout play.
Stop will be at swing low.
++++++++
Most important daily number. Sets the tone of the market. ie Above blue
number market tone is up
(most important)
Below blue
number market tone is down
++++++++
Daily projected low of the market-This will be major support for the entire
trading day. If this number is ever broken below, then a retest of this number would be a
short with my magenta momentum dot. Stop at the swing high before magenta sell dot.
Once the market touches or crosses a line (blue, red, or green), THAT LINE becomes the
baseline(support/resistance) for buys/sells. If it breaks one of these daily lines you will
look for it to then retest that line and enter with green dot to buy or magenta dot to sell.
This is a retest or a retracement trade. Remember, these numbers will act as major
support/resistance. I call my blue number the control point. The market likes to move
hard away from this number. Once this blue number is tested or is broken then retested,
the market tends to trend hard in that direction to the outside red or green daily
number. I like when the market starts to move away from the blue number and my 5
minute ma's are in the same direction as my blue number. This is the ultimate push. You
tend to see hard pushes when prices are just coming off of my blue institutional number.
If the 5 minute ma's are crossed down and spread wide, I will look for a break of that
institutional number and a retest to take the market short. Here is what the weekly and
monthly numbers will look like.
............
_____________
............Weekly Numbers are Dots
_____________Monthly numbers are solid lines
............
_____________
Remember, daily, weekly and monthly numbers will be major support and resistance
levels. You will look for retest trades at these levels with my momentum dots explained
below. You will get major turning points when the daily and weekly numbers are at the
same level. This is called confluence. This creates major support/resistance. If that level is

ever broken, then the retest will be strong move.

4. CANDLE STICK FORMATIONS MUST FORM BEFORE ENTRY IS TAKEN

Out of a 150 different candle formations, you will only need to recognize 3 patterns in my
live day trading room. These patterns dictate what price action will do and will tip you off
when a momentum dot will be coming when these 3 candle formations lows or highs are
broken.
DOJI-A doji candlestick looks like a cross, inverted cross, or plus sign. Alone, dojis are

neutral patterns. Dojis form when a security's open and close are virtually equal. This
tells me as a trader that buyers are neutral in a downtrend or neutral in an uptrend
thus causing price reversals after a retracement. I look for these 3 candlestick patterns
to form after my 9 or 13 count. This will tell me to get ready to enter the market with
my momentum dot explained below.
Hammer/Inverted Hammer - The Hammer is comprised of one candle. It is easily

identified by the presence of a small body with a shadow at least two times greater than
the body. In other words, a small block at the bottom or top of a long stick.
Spinning Tops-A type of candlestick formation where the real body is small despite a
wide range of price movement throughout the trading day. This candle is often
regarded as neutral and used to signal indecision. A spinning top formation is found
after a prolonged uptrend, it suggests that the bulls are losing interest and that a
reversal may be in the cards. On the other hand, if this formation is found in an
defined downtrend, it suggests that the sellers are losing conviction and that a bottom
may be forming. In other word, it looks like a real small box right in the middle of a
stick with the high and low of the stick having equal distance.
I want one or a combo of these three candle sticks to form on my 5 minute and 1
minute chart before entry with my momentum dots. When the 7/8 count is reached on
the 5 minute and 1 minute bar, I start looking for these candle stick patterns before
entering with a momentum buy/sell dot. I will put all of this together below.
5. Symmetry Dots and Triangle Squeeze Indicator
5a. Symmetry Dots
These dots will be used to determine if the market is setting higher lows or lower highs.
This is very important so you do not counter trend trade the tone of the market. Once
these lower highs or higher lows have been established, the dots will act as
support/resistance with the trend. Also, these dots are used to scale out of your first
position after entry to reduce risk and have a free trade to the next institutional number.

Cyan Dots (light blue)

...

- Indicates when to get out or to "scale" out WHEN IN A SELL

TRADE (RED 9)

- ... Indicate when to get out or "scale" out WHEN IN A BUY TRADE (GREEN

Purple Dots
9)

Scaling/trailing is used with these dots off of my 1 minute chart.


The cyan dots will be used to look for higher lows for market strength.
The purple dots will be used to look for lower highs for market weakness.
This is the symmetry of the market.
5b. Triangle Squeeze Indicator
This indicator makes you aware of a tight trading range in prices for an extended amount
of bars. This indicates a squeeze play is coming. In other words, a big vertical move is in
the making. This triangle if very helpful when the market is in a hard uptrend/downtrend
indicated by the wide spread on the 5 minute chart. The market will then pause with a
triangle on the 1 minute chart with prices well above/below the 1 minute yellow moving
average with the symmetry dots confirming the move. You will look to enter with the
first buy/sell dot with the symmetry dot tone and 1 minute yellow moving average trend
confirming the correct move. Also, when the triangle comes up over a daily or weekly
institutional number, a vertical move is forming.

6. MOMENTUM DOTS FOR ENTRY

Magenta Dot - Sell dot

Located above candlestick. These dots are the last condition that must

be met in order to enter a trade off of the 1 minute chart.

Green Dot - Buy dot

Located below the candlestick.

You will only trade off of the 1 minute momentum dots. The 5 minute dots are just used for a
confirmation of a hard trend to enter my 9 and 13 count setups.

7. CYAN DIVERGENCE INDICATOR AT THE BOTTOM OF THE 5 AND 1 MINUTE CHART


You will see one cyan line overlaying the number counts. This is a leading divergence
indicator. When a sell red 9 or buy green 9 count comes up on the 5 minute or 1 minute,
you will have a stronger trade if this divergence line is showing divergence. Some of the
best trades happen with divergence, with the 9 or 13 number count with the trend of the
5 minute chart. This is called divergence with the tone. You will not get divergence on a

shallow retracement for the blow off buy 9 above 60% or 9 sell below 40%.
8. TDST-MAJOR SUPPORT AND RESISTANCE ONLY ON THE 5 MINUTE CHARTS

---------------------------------------

GREEN DASHES ON

THE 5 MINUTE CHART WILL BE MAJOR SUPPORT

---------------------------------------

RED DASHES ON

THE 5 MINUTE CHART WILL BE MAJOR RESISTANCE


You will know 15 minutes to 2 hours ahead with these support and resistance areas. They
are only on the 5 minute charts. They work like a charm with my 5 minute S&P500 trades.
Taking TDST's trades with the tone are the best ones. In other words, if the 5 minute
chart tone is up and/or above the blue institutional number, then a pullback buy to the
TDST green support will be a buying opportunity.

9. INITIAL STOP AND TRAILING STOP TERMS


9A.Hard Stop - The number where you will place your stop after you have entered
your trade.
.
9B. Swing highs Sells/Shorts--- Look to the left of the Magenta sell dot after
entry to the nearest SWING HIGH closest to the magenta dot. Typically, this will be the
high of the doji, hammer or spinning top.
9C. Swing lows Longs/Buys----Look to the left of the Green buy dot after
entry to the nearest SWING LOW closest to the green dot. Typically, this will be the low of
the doji, hammer or spinning top.
10. PUTTING IT ALL TOGETHER WITH TRADE SETUPS
Let's review. 5 minute moving averages will give you the tone and direction. You must
take all 9 green and red count trades with the overall tone of the 5 minute. In other
words, if the moving averages on the 5 minute are crossed down at a 35- 40% angle, then
you will only look to take 5 minute and 1 minute red 9 or 9/13 white count sells below
40% or 60%. You do not want to take counts against the overall tone of the 5 minute
ma's.The 5 minute tone will tell you if an institutional number is ready to be broken. You
will wait for the break then the retest to go long or short with the 5 minute tone. The
symmetry dots are used on the 1 minute to confirm the long term 5 minute trend. If the 5
minute tone is up then the 1 minute must be setting higher lows with my cyan dots
indicating market strength. Opposite for sells. The symmetry dots are also used as your
first scaling point after your initial entry. The 3 candestick formations are useful in
determining when a momentum dot is going to pop up for your entry after a bar count
has formed a 9 or 13. Once you get the 9 or 13 bar count with the overall 5 minute tone,

you can look for the 3 candle stick formations after the retracement and also look for
divergence at the same time. You can then enter with the first momentum dot. After
entry, you place your stop loss 2 ticks above/below the swing high or swing low. Your
first target will be the symmetry dots to take your initial position off and to get your free
trade to the next institutional level.
READ THESE PDF'S IN ORDER AT WWW.DAYTRADINGTHEFUTURES.COM AND CLICK "GET
STARTED"
1. TOP SETUP
2. MOMENTUM TRADES
3. JAY'S RULES
ALSO, CLICK ON THE "TOP SETUPS TAB" AT THE TOP OF THE WEBSITE AND REVIEW
RECENT SETUPS.
P.S. OMNOVIA WILL BE DISCUSSED IN THE LIVE DAY TRADING ROOM. THE MAGENTA MA
IS VERY IMPORTANT IN MY OMNOVIA ROOM. THE ANGLE WILL TELL ME IF I'M IN A
TRENDING OR RANGE BOUND MARKET. RANGE BOUND MARKETS ARE FLAT MA'S.
TRENDING MARKETS WILL HAVE A 35-45 DEGREE ANGLE AND PRICES WILL BE
ABOVE/BELOW BOTH MA'S. TRENDING MARKETS LINE UP GREAT WITH THE 5 MINUTE
TONE FOR THOSE GREAT 5 MINUTE AND 1 MINUTE 40-60% BAR COUNT TRADES. WHEN
THE MAGENTA MA IS FLAT, THE BAR COUNTS ARE NOT AS POWERFUL. ALSO, ALL MY
S&P500 TRADES WILL BE IN MY OMNOVIA ROOM. CYA IN THE ROOM
JAY

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