Three Major Types of J.O.I.T(2)
@JayceLee:
Jayce's Options Intraday Trade(J.O.I.T) 1. Three Major Types of Trades 1.1 Premarket Trendline Breakout (PMTB) Since this is a beginner guide and I assume you do not have experience reading price action, let's use Fibonacci retracement levels as the entry and exit points. First draw a premarket trendline by connecting the highs of the premarket candlesticks. Then, draw a Fibonacci retracement from the high to the low of premarket. We wait for the price to breakout of premarket trendline. I call this the golden J trigger. We can enter calls at the golden J trigger level or at 50% retracement level, with stop-loss at a close below the premarket low. Our target is premarket high as that level tends to act as a resistance at the opening. If the price keeps getting rejected before reaching prem