I have three intraday setups, they consist of an "AMF" Pattern, a "NF" Pattern, and a "PMF" pattern. If you have followed this blog from the beginning you have heard me mention stuff like "F1" and I will not be calling them that anymore because it infringes on the guy that I have learned from. That is his strategy and this is mine. ONCE EACH OF THESE ARE FORMED YOU HOLD WHILE THE STOCK IS TRENDING ABOVE THE 13 eMA (13 Exponential Moving Average), WHICH IS THE GREEN LINE IN THE PICS. ONCE THE STOCK RUNS AND BREAKS DOWN TO THE LINE THAT IS A SELL SIGNAL. DO NOT HOLD OVER NIGHT OR REALLY EVEN MORE THAN SEVERAL HOURS. IF THE STOCK DOESN'T EVEN HOLD THE BREAKOUT AND BREAKS DOWN THEN THAT IS A GOOD SELL SIGNAL. THESE ARE INTRADAY PLAYS.
So to start off I'm going to outline an "AMF" pattern. Below is an outline of an AMF pattern. Basically the pattern name consist of two parts, You have the "AM" part and the "F" Part. The AM, N, and PM are time frames and the F stands for Flag. AM standing for morning....9:30 "am"....duhh.
These can either consist of stocks breaking out that I've put on the watchlist the previous day that are breaking out of my daily chart setups or stocks that I have scanned for just before the open that have News and potential for huge upside potential like a gap up momentum play. I explain the logistics of the actual pattern below.
Secondly is the "NF" pattern, N standing for noon and F still standing for flag. It is a stocks that has tried to run up and form an AMF pattern but broken down multiple times and flagging
and not breaking out until the lunch time area. This is the least common setup I will trade because normally stocks trade flat or consolidate around lunch. As you can tell in the AMF pattern example once lunch came the stock just kinda farted sideways. So here is an example of the NF pattern.
Last but most certainly not least(that's the NF pattern) we have the PMF pattern. PM meaning afternoon like 3:00 pm.....duhh and the F standing for Fart.....just kidding it means Flag. A lot of AMF patterns will form this pattern. Basically a stock has ran up nicely in the morning and hit the high of day and then dip back down and up and down until it has made an ascending triangle with the hod as resistance. Then breaking out during power hour or just before. Power Hour is the last hour of the market open for the new people.As you can see over the entirety of the day It formed a Triangle and then broke out within the last hour of the trading session.
Hopefully this gave you some insight to my intraday setups, basically I'm not trading anything if it doesn't form up these setups. As you look at my blog and see more examples of these as I post them you will get a more comfortable feel with these patterns. Also when I post about a stock and say something like "this broke the AMF real nicely and ripped!" You'll have half a mind of what I am saying. I'm sure anyone with experience trading is probably thinking "Wow that was so simple" and my answer is yeah it really is, and it works. Don't over think the market, Just react to it. My whole strategy is the mindset of "well if the stock does this, then I am going to do this." Work with the market, don't fight it because it will teach you in ways that can hurt.
That is all for my reference page. If you have any questions please shout me out on Twitter or StockTwits or email me. Nobody ever comments on my post but if you feel the need to comment on this post please don't because this isn't a typical post. Email me questions or such. My social media and email info are in the bio at the top of the home page.
That's it for the intraday setups,
Stay Educated. Stay Disciplined. Stay Profitable.
Take it easy,
JP
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