I have decided to use the EMA 3 13 39 as my day trading strategy and a momentum strategy for my weekly option strategy. There are many ways to make money in the market and finding a set up that suites your personality and discipline level I believe is the key for me.
I did not trade day trade live today waiting on funds to clear my broker.
I did enter a option trade at the close.
Here are the trades I would have taken
- A 3/13 cross below the 39 at the open. With a rising ADX. Closed at a close above the EMA 3 for a profit of +6.5 points

- Enter trade because 1.3/13 cross below the 39. 2.Bearish candle 3.ADX is above 20. Close trade at the first close above the EMA 3 after the entry candle has been cleared. Profit/Loss +3.5

Enter trade because 1. EMA3 crosses below the 13 and both below the 39 2. Bearish Candle 3.ADX above 20
Closed trade: Closed above the EMA(3) after entry candle cleared. P/L +1.5
Enter trade because: 1. EMA 3 cross below the 39,2. bearish candle 3. ADX above 20
Closed trade at the close above the EMA 3 after entry candle is cleared. P/L +6.5
Entry: 1. 3 13 cross both below the 39 2. bearish candle 3. ADX above 20
Closed: Fist close above the EMA 3 after entry candle is cleared P/L + 3.25
Entry: 1. 3 crossing below the 39 2. Bearish candle 3. ADX above 20
Close: close above the EMA 3 after entry candle is cleared. P/L + 2.5
Entry: 1. 3 crossing below the 39 2. Bearish Candle 3. ADX is above 20
Close: Close above the EMA 3 P/L +9
Entry: 1. EMA 3 crossing above the EMA 39. 2. Bullish Candle 3. ADX above 20
Close: Close below the EMA3 after entry candle is cleared P/L +/-0
Entry 1.EMA 3 crossing below the 39. 2. Bearish candle 3. ADX above 20
Close : Close above the EMA 3 P/L +2.25
Entry: 1.EMA 3 crossing above the EMA 39 2. Bullish candle 3. ADX above 20
Close : Stopped out. Close below entry candle P/L - 1.5
- Observations:
- Strategy produced 33.5 points today
- No trend between 9:50 and 11:00
- This strategy only works on trending days. I have to use a different strategy on non trending days or stay out of the market
- My goal has to be to make good trades during good market conditions. Which means some days I will not trade and some trades will be losers. If I can cut my losers according to my rules and take advantage of the trending days then all will be well. 1 trending day a week can help me reach all of my goals.
Weekly Options
Opened put trade 1. Bearish Daily Candle 2. OBV below its EMA(10)