all right just wanted to talk about a trade here recently on uh with the kind of the updated quick hits tools and the biggest difference that we've done on these tools here is that uh first of all you can see kind of um so on this this is a two minute chart and I've got the quick hits the two minute the four minute the 10 the 20 uh the 30 minute and then the hourly and on this particular one I've got the 10 minute one highlighted okay and that's the thicker one here and with this tool I can also see things like alerts when uh something happens with it because that's something that we didn't have before and so right here so turn down which means 10t to the downside but also turn up and cross up and then cross down so those are alerts that'll come up as well a couple of so the trade that I was looking at here is just kind of watching we're just kind of going down you know this is kind of a just kind of going down down down down and then I noticed that I was looking to see like okay we've got a lot of support here you know around 4100 ish and I'm looking for that turn in the 10 minute and so we turned higher okay 10t and then shortly thereafter we crossed higher all right so that's good all right so at that point then what I'm looking for is you know can we start making our way back up to 41. 50 now the tough thing on something like this is that you know you I don't want to buy like a Delta 70 call they're pretty expensive you can but you know the Market's been a little volatile it was getting towards the end of the day you know is this something that's going to um you know it's going to be a kind of a quicker trade so I wanted to try to get as as high a probability a potential trade that I could uh without meaning that if it didn't work it's like asymmetrical risk like if it didn't work like okay not the end of the world but it did work it'd be a nice payout so um so I threw out on an iron fly up here at the 4150 strike and I did one and then I also even did one for the next day because I thought that okay if it doesn't hit today maybe I'll hit it tomorrow but then what I'm watching for is evidence that I'm wrong so here I can see a turn right it's like okay the 10 minutes turning um it hasn't crossed below zero okay that's usually a flag that it's like okay the trade's over for now but it's turning okay up but then we turn back higher okay good all right that's fine we're good to go and then oh we turn lower again okay it's a heads up but we're not coming down we're not Crossing you know the 10 minutes not Crossing below zero and then lo and behold would turn back higher meaning like okay it's all good and you know that'll happen you're gonna get some Wiggles but I just wanna you know I want to kind of see those Wiggles just to know because 10 turn can lead to a cross and a lot of times you know cross oftentimes can turn into a bigger heavier selling in this case it did you know when I saw that 10 Crossing back up that's what really caught my attention and then this is just kind of helping me manage the trade and then you can see the color of These Bars I've got them also in tune with the 10 minutes so in this case if it's light blue the 10 minutes still ascending higher when it turns purple it's turning down a little bit okay but you know we can see here it doesn't doesn't last very long and then finally although we don't make it to 41. 50 uh we get you know we get we get pretty close and uh on this you know particular one um we were just kind of looking at you know 25 lot iron fly we did this one today that was good for eighteen thousand dollars I think it was seven uh whatever the amount of points on that was it was uh uh anyway my math brain isn't working today but then I also set one up um this case this will expire um on Tuesday and we set it up at 16.
75 right now it's kind of a smaller profit and then you know really if we can you know get up to 12 points rally 12 points and if we pin at 41. 50 obviously that's gonna be the biggest bang for the buck but even if we're just quiet tomorrow and you know we're kind of trading within the expected move then my goal would be is like okay can we you know we bought this for 16 can we buy it back at eight of course in a perfect world we actually pin at 41. 50 and we keep all of it but that's you know Bulls make money Bears make money picks get slaughtered uh but that's what we looked at for today and what's nice about this is that the um you know these quick hits tools are just helpful in managing that and of course you know you can do this directionally we also got a trade on in Nvidia um let's see what this one looks like here and this one we put it on a little bit ago and it was actually gosh where are we here uh let me find the actual position here because this one we put this on the last week Nvidia and so the idea this is we bought the in the money 280 call and we did it when it was at 283 so I remember that and we sold the out of the money call to kind of help with some of the Theta decay in case we had any and you know right now we got it's up uh seven thousand six hundred dollars and so at 283 where were we 283 so we actually had missed this part of it and as we were consolidating here yeah right here so as we're consolidating here I remember this now so we were coming up here I'm like okay can we get a pullback so we're kind of we're starting to sell off we're starting to sell off and what I was looking for here is you know what as soon I was hoping that we were going to come down here and we didn't and video was so strong we started getting the turns again here and that's when I threw it on then we had some you know back and forth back and forth but we're still starting to work way up so I love to use these for entries now obviously you're going to get these you know these turns here and stuff like that remember on the sell side it's the crosses that you want to be careful of you know when you get that cross and in this case you know we had a you know our injury was here my stop loss on something like this is I'll typically give it like four or five points so I'm not really concerned unless it kind of comes down here so this initial stuff kind of back and forth but man when you see that 10x back up that's reassuring and then we'll get chop chop chop we'll get that 10x back up that's reassuring and in this case I'm looking to see if we can actually get up to um I think it was yeah 299.
91 basically 300 up at that level and uh that was the Nvidia trade there and so a couple ways that I'm just kind of using these quick hits to kind of get into trades and in this case uh the quick hits for the SPX that was a quick trade you know didn't last too long and then in Nvidia I'm just kind of timing it to be able to last in a little bit longer and hold it through the Wiggles all right hope it helps and um uh looking forward to seeing you on the next rendition of quick hits trades hey John here with simple trading thanks for watching if you enjoyed this video comment down below and let us know what topic you want to see us cover next also be sure to subscribe and click the Bell icon so you can get notified when we release new videos and if you want to watch us trade in real time using our own money go to silvertrading.
