Fellow Traders,
I had some time today to do a quick recap — let’s break it down.
Opening Morning
What happened? Exactly what needed to happen: nothing.
No signal. No golden pocket retracements. Nothing worth forcing a trade.
We saw a break of the ORB at 10:40 AM on the 5-minute chart. A bearish candle closed just below that level, but there was no signal giving any conviction of a further move.
Between 10:00 AM and 10:20 AM, the 5-minute candles also showed no real conviction. Even though they played right in the Golden Pocket, there was no close inside the pocket itself.
Looking for confluences in other signals — particularly the 0DTE Context Indicator — price action on both the 5-minute and 15-minute charts never pushed below any of the EMA, SMA, or VWAP lines. Again, no conviction for the bears to step in.
First Entry
I played the waiting game today. My first trade on QQQ 0DTE didn’t happen until 11:05 AM. When I saw price holding above my lines and refusing to break lower, I knew a trade was setting up to the upside.
You’re probably wondering what kind of contracts I took.
I typically trade CALL or PUT options with a Greek Delta of 0.40 or higher, which puts me just under an ITM option. Once I’m in, I aim for a 50% profit target, which can come fast with the right move. The lower the Delta, the higher the risk — so I keep it tight.
If you want more details on how I time those entries, feel free to DM me.
Price Action Confirmation
After entering, I made a few additional plays as price began to push above my 0DTE Context Indicator lines. On the 5-minute chart, the candles between 12:05 PM and 12:20 PM played directly into the Golden Pocket — this gave me strong conviction that price was heading for new highs.
Final Thoughts
Today was a bit tricky. It required more patience and reading the tape than I would have liked. But as traders, we’ll see plenty of days like this. The key is to not overstay your welcome. Don’t force trades. Let price action finish its story before making your move.
I hope these recaps help you better understand how to use the indicators I’ve built. If you have any questions or feedback, drop a comment or DM me — I’d love to hear from you.
Thank you again for the continued support.
— TradeswithB
I had some time today to do a quick recap — let’s break it down.
Opening Morning
What happened? Exactly what needed to happen: nothing.
No signal. No golden pocket retracements. Nothing worth forcing a trade.
We saw a break of the ORB at 10:40 AM on the 5-minute chart. A bearish candle closed just below that level, but there was no signal giving any conviction of a further move.
Between 10:00 AM and 10:20 AM, the 5-minute candles also showed no real conviction. Even though they played right in the Golden Pocket, there was no close inside the pocket itself.
Looking for confluences in other signals — particularly the 0DTE Context Indicator — price action on both the 5-minute and 15-minute charts never pushed below any of the EMA, SMA, or VWAP lines. Again, no conviction for the bears to step in.
First Entry
I played the waiting game today. My first trade on QQQ 0DTE didn’t happen until 11:05 AM. When I saw price holding above my lines and refusing to break lower, I knew a trade was setting up to the upside.
You’re probably wondering what kind of contracts I took.
I typically trade CALL or PUT options with a Greek Delta of 0.40 or higher, which puts me just under an ITM option. Once I’m in, I aim for a 50% profit target, which can come fast with the right move. The lower the Delta, the higher the risk — so I keep it tight.
If you want more details on how I time those entries, feel free to DM me.
Price Action Confirmation
After entering, I made a few additional plays as price began to push above my 0DTE Context Indicator lines. On the 5-minute chart, the candles between 12:05 PM and 12:20 PM played directly into the Golden Pocket — this gave me strong conviction that price was heading for new highs.
Final Thoughts
Today was a bit tricky. It required more patience and reading the tape than I would have liked. But as traders, we’ll see plenty of days like this. The key is to not overstay your welcome. Don’t force trades. Let price action finish its story before making your move.
I hope these recaps help you better understand how to use the indicators I’ve built. If you have any questions or feedback, drop a comment or DM me — I’d love to hear from you.
Thank you again for the continued support.
— TradeswithB
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Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.