Inside the askSlim Day Trader Service: Intraday Momentum, Key Levels & Trade Planning

I'm going to pull up our day trader service dashboard right now and we'll step through each one of the tools that we offer with the day trader service. So we're going to start with our the replay system because the replay system as I mentioned before is a really good strategy review tool and the replay system is available without any special software. So the day trader service you can access your day trader account right inside your Ask Slim membership and it's accessible anywhere, anytime. Now obviously some of the tools are only available during regular market hours. So I'm going to help you understand how that works as well, but this is the day trader review tool. So today's 87 and as you look at 87 you'll notice that as the bell rings here as it is 8:31 Central Standard Time the system takes a screenshot. So our impulse monitor here on the left and I'll explain I explained that a little bit earlier in terms of what its function is, but most importantly what I want to show you here is the fact that we have this replay service. So it's taking screenshots every 5 minutes and you can go forward and backward in time and you can see how our indicators work, how our studies are working relative to the price action. So I talked about before that we have on cockpit number one something that we call our road map. So this is the prices where we have support and resistance, support on the bottom and then we have resistance up on top. We color code the zones to give you a feel for when there are likely reactions in terms of resistance, opportunities in terms of what we call acceleration zones and then also in terms of support. So let's just fast forward here a little bit and you can see how the market started when the market opened our impulse condition. We turn that on about 10 minutes after market opens to allow for some of the chop that happens. Usually, there's a a good amount of chop that happens, especially in the first, I would say, 15 minutes, half hour, sometimes even hour of the market session before things settle in. You might have your first swing high or swing low that you can work off of that's meaningful. But, you can see here how the market opened. We had a positive condition in the spy, QQQ, IWM. DIA was neutral. And we make an attempt at this green line here. This green line is what what we call this the resistance signal line or the trigger line. So, as you get above that trigger line, there's a high probability, especially when you have momentum in your favor, right? So, these are two momentum trend indicators. This is our reversal scout at different time frames. One's more sensitive than the other. And then you get up against that resistance trigger line here. And I'm always watching that cuz sometimes it'll peek its head through there, it'll pull back, and you want to be paying attention to what's happening on that pullback. And on that pullback, if you have a dominant condition that's established, and that's why we use multiple time frames, then that helps to give you some confidence as you may push back through that trigger line that you could have a nice acceleration that occurs. But, you can see here how the NDX came in that first 30 minutes here, got up through that first acceleration zone, came up against some resistance, backed off. Same with the Russell. The Russell came up through a couple layers, a couple zones of resistance up near this trigger line, which is also where yesterday's high was, started to back off. And let's just see how it played out. You got a pullback. And a lot of times, what's interesting, too, when you have a strong trending move intraday, the slower reversal scout can act as support. So, you monitor that. Now, the the Russell is a lot more choppy than the the SPX and the NDX. But, when it trends, it really trends. But, look let's watch how that reversal scout, that slow reversal scout slow. We have I just simple way to describe it. You have a fast reversal scout, and then a slow. And the fast one's really great because when it does shift, it gives you a sense of when a nice a swing has just occurred, whether that's a swing higher swing low. And then, when you have a when you have a new shift, that can help depict when a new swing could be underway. So, you can see we had that pullback basically right on cue for both the reversal for both the NDX and the SPX to the reversal scout slow. And then, we had this huge bull bar that forms. So, even if you're just either a scalper or minor swing trader, you can start to see things develop. So, let's go back over into the 8-minute as well. It's so important to understand where the support, where the resistance comes from. So, we use the bands of the slim ribbon to also help with that. So, you can see how we start getting into those bands of the slim ribbon. And really, there's no reason to anticipate. If you are going to anticipate, you want to see some type of momentum condition, a shift in your direction at a lower time frame. Or at least, if you're going to enter on a more of an anticipated look of some technical condition, I like to look at having a smaller position size to start with and then building into that that use case for yourself, right? And so, we get that pullback. You can see it comes into that third band. Basically, we don't close below any of the slim ribbon here. We just get below that 21 EMA on the 8-minute. We come real close to that reversal scout, and then you start to take off. All right? So, you can see that happen here. And you really get a nice opportunity. We get through the acceleration zone here on the SPX. And the other great thing about the way that our tools are set up, and you'll see down here we have an SMI or Stochastic Momentum Index that we've customized. And what we do here with the SMI is it helps a lot of what we do is to help with relative strength between the indexes, and I mentioned that earlier. And if you look at the raw SMI value, you can see that. So, you can see how which one is strongest at that time, and really the SPX and the Russell at that time were strongest. If you come back here, you can still see that, right? So, as we as I go back in time, that's why this is so helpful. When we look at where that low formed, you had the SPX and the Russell strongest, the Nasdaq weakest, but all three of them still showing that impulse condition as positive. That's what we I talked about, and what we really try to teach around here is the importance of understanding the more dominant condition, because as you do get those pullbacks or retracements into the into support zones or resistance zones if you have a bearish situation, then you can watch for that next swing opportunity. And you can see how that played out. This is just a great trade. And for for many of you that might be more interested in looking at a couple hours' worth of activity and being done with day trading, moving on to some other things, this is a a perfect example of getting your trade, finding your setup, and being potentially done with it for the day, because there's many times where you might only get one or two moves for the day, and then like yesterday, it was just brutal chop. Literally move within on the SPX 10 points for 4 hours. So, that can really be frustrating. So, that's a really key point, too, is the system's going to help pinpoint when you have a higher probability of these longer duration moves, and then you have an opportunity, I'm talking about intraday longer duration, whether that's 15 minutes, 30 minutes, an hour or two. So, this was 1 2 3 4 5 6. You had six 15-minute candles there. We're talking about an hour and a half and basically you could be done for the day if you were prepared for that type of setup. Came again, comes down into the slim ribbon. The third band of the slim ribbon, you have multiple indicators at that time. As we're pulling back reversal scout in the 8 minute still positive. The slim ribbon PO still positive. The trader radar was just showing a gray mixed condition at that time. And then we fast forward and you can start to see how things turn back bullish here and you really get an opportunity of the trader radar went back bullish. And then you get up into that resistance zone. And if you're a a minor swing trader someone who's looking at only half hour 45 minutes of price action, then that move might be over for you as you get back in the resistance and you call it a day. But that's the beauty of the strategy review tool that we have here, our replay system. Let me know if you got any questions on that, you can put them into the Q&A here. All right, so that's that part of the day trader service that is available. Again, no special software you have to download. You just log into your day trader service account and you can access it. And then you have the slim the slim's impulse monitor. So we have, as I mentioned, there's 24 tickers you can track. And in addition to the impulse condition, there's also slim's 8 minute strategy which is made up of three components. And I'll jump back to the cockpit number one here in a second to help give you a visual around that. There's really there's only three outputs here. So you have a yellow neutral, then you have a red bearish, and then you have a green positive on the strategy. What you're looking for is alignments or new shifts. And what you don't want to be doing, generally speaking, is trading against the dominant condition. So if the impulse was a negative and you get a the 8 minute strategy is positive. That's a pretty strong conflict. So you would either generally speaking you want to keep your position sizing smaller as an example or you're waiting for some kind of shifts in alignment because that's really where you get the largest thrust or impulse moves is when you have more dominant conditions and short-term conditions in alignment together. That's where you get the highest probability of a new high, a new swing high or if it was in a bearish scenario a new swing low. Otherwise you you'll tend to get a lot more chop and your move will get stopped somewhere between let's say the 50% and the 78.6. So you might get up to the 50% and you might be excited that you caught the turn but before you know it you get up get away from your desk hits the 50% fib retracement and before it's right back to where you were. If you're not a day trader and you haven't experienced what it's like you really got to be ready. You got to have your plan in place. The market's move incredibly fast. So if you're not prepared for that as a mindset that you also have to get ready for but we have so many tools to try to help you get situated and learn about market movements when it comes to intraday trading and really being able to look at this from multiple styles which whether you're a scalper or a minor swing or more of a major swing. And so scalper obviously that's a few minutes. You might be in the S&P's you're looking for one to five points as an example. If you're a minor swing trader you might be looking for 15 minutes or 45 minutes in terms of the move and you might be looking for let's say somewhere between 6 and 15 to 16 points on a minor swing and then if you're looking at the major move it might take 90 minutes to even 2 3 hours. You might be looking for something like 16 to 40 points in the S&P's. And you really can use our system as a proxy for other tickers as well because you want to know what the ocean's doing, right? If you think about it in terms of larger waves versus the fish. You have the indexes which serve as the ocean waves and then you get into your Some of the fish are bigger than the other fish. But, if you don't know where the ocean waves are, what direction they're moving, that's going to impact the even the smaller fish. So, it's a something that's very helpful with the way that our system is set up. Always focused on the the indexes, whether it's cash indexes, futures, ETFs. So, you get a feel for the where the bigger moves are happening and how that could impact the other symbols you might be looking at. As I said before, there's 24 tickers in here and you can sort instantaneously on impulse condition. And I'll show you a couple examples of how I put this to put this into practice with with cockpit number two here in just a second. Okay, so that's the impulse monitor. There's also this turbo on feature. So, let's say that we have a Let me see if there's anything else. Like right here, TLT right now is a negative impulse condition. But, when there's an additional or new thrust of momentum or energy that comes into a current negative condition as an example or positive condition, you'll see the turbo turn on. That means there's another opportunity for a move in that same direction. So, that's something to pay attention to. When that turns off, that can mean that that move that that burst is likely over. Sometimes you can have a lot of different bursts that are happening of new moves within a more dominant condition. So, that's what that turbo means is that there must still there must be a dominant condition on first and then once the turbo kicks in, that'll let you know that it's a pretty strong move. Or, if you like Microsoft or TLT as an example, if it turns on again, it means that you have another move that could be underway there. Now, those are going to be likely shorter duration moves, right? Cuz you get a big move that happens and if it turns off, then there's at some point, if you think of like even Elliott Wave Theory or if you're thinking about cycle analysis, you have a rising phase and you get into a peaking phase and at some point, even if it's extended, you finally make a peak. So, it's very helpful to give some context to the move. Okay. So, this would be an example of where you have a dominant condition. Let's say Microsoft that's negative and then you have the strategy which is neutral. And if this went back to negative, that could tell you that even we're in a more dominant overall negative condition and the shorter duration time frame flips back to negative, they could have another move to the downside. The impulse monitor and strategy condition should be used with and accompanied by your charts. So, this isn't meant to be used in isolation. These are not meant to especially the impulse condition is not a reversal tool. It is what is the more dominant momentum trend condition that is underlying the intraday move. Okay, so that's impulse condition. You can sort again instantaneously and you can see right now there's only JP Morgan at the moment that has impulse on. And we're going to tie this to a live chart here in just a second so we can take a look. All right, so let's get back to the Day Trader Service dashboard and we'll talk about real quick the resources, webinars, and video trainings area. So, there's a very comprehensive and in-depth area for usability resources around the Day Trader Service. There has been probably more than 20 hours of webinars and training videos that Slim and I have put together. So, that whole list is in here and all of it's evergreen. There's nothing here if you went back and took the time and reviewed them. There's nothing I would say that is necessarily out of out of touch. We have made as Slim mentioned many enhancements over the last couple of years and we continue to make those. But, we're always building on sort of the foundation that we established. So, I'll go back over to the resource area. And then we have I have a lot of documentation on the specific studies, the tools, and then also some practical strategy tactical documentation. So, this is like a trade planning checklist that I put together to help you think through the aspects of your trade planning. At the end of the day, we got to get to a place where there's a decision output. So, are we do we have a trade? Is there a pen Is it pending or is there's no trade? So, you need to We want to get to a place where a methodology really can turn that technical evidence into clear trade planning decisions. That's where we want to get to is do I have a clear trade planning decisions? Does my methodology answer the key questions? So, these are just some examples of do I know what my outlook and holding period is? Do I know what my directional bias is right now? Do I have a sense for the current price move path? Is it up or down? We have tools that can just give you a a simple sense of a price move path. Is it up or down? And the price move maturity. Is the move early, developing, late, extended? Are we seeing momentum divergences or expansion? And obviously, and almost not I wouldn't say most importantly, but pretty darn close is what's my What are my key levels? You really want to know where those levels are that are going to cause reactions in the market? Where is there opportunities for some for us an acceleration? When you combine all of that with these other tools, you really have a way to answer these these key questions around the building blocks in terms of trade versus no trade. So, then breaking it out into more detail, there's a section here. This is a trade planning intraday trade planning checklist, bias and context, move dynamics, execution, risk management. And you can download and save that PDF. So, we've really put in a lot of effort to make this service extremely robust in terms of not only the tools that are offered, but also the documentation and it really is for and it can be someone who's new new to day trading, but again, if you're going to get into day trading, you have to be ready to make a lot of decisions most likely especially if the markets are moving quickly or at least be prepared or have the order the decision-making process pretty ironed out and the way that you know, what's going to cause you to make decisions. And again, if you can just step yourself through this checklist and if you can answer those questions of what's going to cause or trigger you to make decisions around am I going to do a scalp, am I going to do a minor swing trade, am I going to do a one that's major that's going to be very helpful so that you're not trying to figure that out live in in the moment of creating all kinds of emotions in you. You want to be very focused not emotionless cuz you're human, but you want to be at a place where you're calm and confident in what you can do. We have no idea what the market's going to do next. We can only have odds around that but you can understand how you're going to approach your trade planning process and your risk management. So we have a ton of tools to help with that. Earlier on I showed you cockpit oops number one and that was part of the I'm going to just go back there right now. Cockpit number one is what we take screenshots of every day and that has the major the indexes, the cash indexes and the major ETFs in there. And then we also have cockpit number two. So I'm going to show you cockpit number two here in just a second. Just wanted to just pull this up again. So this is cockpit number one where you have the impulse condition, the 8-minute and the 15-minute and I'm going to pull over cockpit number two, which is our futures cockpit. And this one is extremely helpful. They can be used I use them in parallel. I'll have one screen up that has cockpit number one, another one has cockpit number two. But, you can If you have the service, you can go back and forth between on the Zoom itself. On the Zoom, there is a menu where you can go between cockpit one and cockpit two. You can just go between them. We do have a what we call our day trader pro package, which allows you actually to get direct access to these raw grids. It is a one-time licensing fee that you purchase and you'd be able to access these grids and you can actually put any symbol you want into the grids, both cockpit one and cockpit two. And I'm going to show an example of that in a second. But, yeah, this is cockpit two 15-minute, 8-minute, 3-minute. Actually, I'll put it put ES cuz it's ES and NQ in there. And you have so many tools on here to help with understanding directional bias, momentum and trend, and current conditions. So, something that is new that is just going to be released next week is some labeling and over here on the right-hand side. You'll see that there it says scalp, minor and major. So, really these are some of the evidence labeling that I've created some studies around that helped to give you at a at an instant moments review, what is the current condition based on the outlook period I'm most interested in and how does that compare to the other two larger and more dominant outlook periods. So, let's say I was looking for a a scalp or a move in the very near term. What I want to do and I'm looking at NQ right now. Amongst the other tools, which you want to learn how to read these these charts and they're very purposefully designed here to give you a sense of is the are the bulls in control? Are the bears in control? Is my move to the upside? Is my and to the downside? And I'll talk about that here in a second, but I want to go over with these new labels here. And you can see scalp right now is light pink. So, it goes from dark green to lighter green to neutral to light pink to dark red, right? And so, that that helps to tell you what is the condition of the This is meant to help with position biasing. So, the scalp S means short at the moment, but if you look at the minor is long and it's green. And then you have the major, which is neutral. So, what this tells me is we're likely in a chop condition. So, if you go over and you look, we actually have labeling that helps to pick out or to pinpoint are we in a condition right now or the price action is chopping or we breaking out. So, I have high low markers built into each one of these time frames. And you can see these are the 4-hour high low markers. They were We're probably in the what? 60 65% range or about, but we're chopping around right now. You look how tight the the over the last 1 2 3 4 5 6 7. So, 7 * 8 56. Over the last hour, we've really chopped around. And so, in the in the 8-minute time frame, I use the 1-hour and 2-hour ranges. And you can see right now we're basically somewhere I'll call 50% range. So, you have a very choppy condition right now. So, you have the scalp right now that is a short. Says that it is a short in terms of your directional bias. You have the minor condition, which is suggesting long, and then you have a major, which is neutral. This is what I was talking about before that you just get yourself chopped up. So, sometimes you have to wait for things to develop. If you're going to participate and you're not going to take a break and stand aside, a lot of times during the lunch hour, it does get choppier. It does get slower. Yesterday was brutal. And today is another one. This is 3-minute candles and these are extremely tight right now. And it might take a good solid move to get this going again. But right now if I'm looking at it, either I'm going to step aside or I'm going to keep my position sizing small and I'm going to allow some room. So if I keep my position sizing smaller, then I can have my my stops, right? My risk for me I would it can be more tolerable in terms of having wider stops given the fact that we're just dealing with extreme chop right now and I might look at some of these key swings cuz what you don't want to do is be using the 3-minute as your guide for setting your stops in or 2-minute or 1-minute when you're dealing with ultra choppy conditions cuz you're just going to get stopped out like crazy and you're going to have a lot of commission charges if you trade futures or you're going to be in and out and just get frustrated. So either look for those key swings. So if you were looking at a a short right now, so let's just say okay, we got bearish condition, we got bull neutral in terms of the directional condition. Then I go over to my buy my position bias is short, but I have uh long reading in the minor. If I want to be short right now, then I'm going to have small position size. I'm going to have wide stop. But I don't like it right now. There's nothing here that's really great. This overall pattern now is more bullish than bearish and so what helps me see that on the overall chart here is obviously so you can see that we've made higher highs relative to lower lows and also I have this this gold dash we'll call it line in the sand. So where's the bull bear conviction right now? Are we trading above or below it? So you can see we're above it in the 15-minute. We're still above it in the eight eight minute here and we're like just hugging it in the 3-minute. So that gives you a sense of how choppy this market is right at the second. The SMI is falling. So, falling and it is also falling in the 3-minute. So, if you're looking for something to help you understand what is the move right at the second, the move right at the second, I like to use the SMI and it tells me that the move is down. It's falling. So, these are just tools to help again, try to keep me out of trouble. So, I don't want to trade big when markets are the momentum in the trends are mixed. I don't want to trade big when when I say big, I'm just talking about full-size positions. So, when you think about your position sizing, let's say that you're talking just easy round numbers, you might be looking at 10 contracts of something, okay? And you you're doing it in increments of or nine contracts or whatever, increments of three, however you structure it for yourself. If you did three contracts, it might be 1 2 3, one being your smallest size, two being your medium, and three being full or or something like that. When you have these kinds of conditions, then you want to manage that based on that. And so, right now, look, we've got this the the scalp I talked about earlier was negative. So, that's your what's the immediate condition. So, the scalp's going to tell you the immediate condition, which was negative. Then you have these larger ones are going to help you also. And now the minor one has shifted a little bit. And this is where once you decide on, okay, do I'm going to put a trade on, position sizing is important. And then where's your target? So, these are in combination with cockpit number one, because even though these are futures, the cash index and the futures indexes, they work together interestingly on creating support and resistance. Where there are resistance levels in the cash indexes, I I that's why I call them invisible fences. They may appear in the cash indexes. So, in the futures, when you have support or resistance, it'll appear in the cash indexes. Why is it stuck here? Why is it not breaking out? And many times it's because there's a resistance area in futures. Same with the cash indexes. And the cash indexes really drive, I think, most of the resistance and support levels and acceleration opportunities. So, I use them in combination. And that's why we have both of those cockpits. And so, on on these grids, you'll see different areas that can help depict support and resistance. So, we have a linear regression channels. Those linear regression channels definitely help with support and resistance. And right now we're stuck right in between a light pink resistance level and then a light green support. So, at the moment, again, very choppy situation. Now, I have the luxury of being able to draw a fib level in here. And I can see what we have going on. We're We got down I talked about that 50% before, right? So, it came close to test tested the 50% rallied again, couldn't break out. Now it's just treading water in here, chopping around. Then the next level is 29 712. Now, if I go up into the ES, let's just see what that looks like. Where we are. So, we got down a little deeper. Got to the 61.8. So, that next level, if I was short, I'm watching that 7160 and then also this area right here on the linear regression channel. So, that's just how you would use these tools. And if you run through that checklist again, some of the key things that you can track, relative strength. It's pretty clear on cockpit one how you can read relative strength. You can do that very quickly here. How do I do that? You can go over to the the 15-minute and you can compare. Okay, we got the the NQ verse ES 2318 -36 -16. So, right now pretty close, but overall the NQ is a little stronger than the ES and then when I did that draw has gotten a little bit deeper on that pullback as well. So, that's a way to be able to track relative strength instantaneously. What's the raw number? Then I built out a power output here in terms of a label that lets you know there's several proprietary studies that put together to give us a a power reading. And this is a this one is very this is a reading of plus six. So, it goes between plus 100 and -100 and rarely does it really get above 75 80. That's very extreme extended condition. But right now, what it would that mean? We're tracking around that neutral zone area on the power. And you can see here where it was chopping back and forth or even inside of the the chop zone here on the 15-minute. So, these are my 15 minute measurements in terms of high low markers. So, a lot of great tools in here to help with looking at the key decisions or key technical conditions that you're looking for, relative strength, directional bias, position bias. What's the current move? Is it up or down? What's the maturity of the move? I also use the SMI to help with the maturity of the move in addition to key levels. So, when you have the SMI and when we get up to the the extended line here or the overbought. Now, sometimes you have an overbought condition like over here. Um let's expand this up a little bit if I can. Oh, I think that's as far as it goes. You can see that it's stayed the duration over the overbought for a a lot longer than just like a touch and break and then roll over, and then go lower to to test the other side. And in terms of getting to extend it on the downside, reaching the oversold level of 75. It stayed up here on the 75 for a while, and that's usually a precursor to at least another retest of whatever that high was after the pullback occurs. So, we get a little pullback that happened, and then you get another move higher, and you can see that the Trader Radar gives you this yellow warning, but then goes gray, and then back to green, and then we get a breakout that occurs here, and then you get up and you test, and there's a divergence. The I talked about that earlier as well. So, you can get you can see a momentum divergence that occurs where this time you make new price high, but the momentum's actually weaker than it was before. A lot of times when you have momentum divergences, that will lead to a a sharper move to the the opposite direction. So, this time here we got a much more powerful move to the downside in terms of the magnitude of it. In terms of the price span here, this move was 29 875. It's over 300 315 points, over 300 points. This move here as it pulled back was 652 Yeah, about 63 points. So, you get a pullback here at 63 points, and then you get an actual divergence, and you get over 300 point pullback in the NQs. And then you get a then you get a rally back. So, if you're not prepared for day trading, you want to study. It's a great way again that that a strategy review tool that we have, because you want to prepare yourself for situations like this. We get a a sort of drawn-out slow upward move overnight, and then all of a sudden you have 7:30, I think is when some as a central central standard time economic news comes out. Boom, you move up about 350 points, and then you give all of it back, then you rally again, another 350 points, then you give back 61.8% of it. This is the kind of activity that if you're not just doing a trend, a straight trend for a day, which is more rare, maybe you get one day out of a week, or a couple of these types of sessions throughout a month, maybe three, four, you're mostly dealing with a lot of sharp moves and then consolidations and then potential sharp move and then consolidation. So, you have to prepare yourself for that. On the 3-minute again, we have these new position bias labels. Very helpful to give you a sense of what's the condition in terms of if I was considering short versus long, what does the sum of the evidence say? So, we have these other ones that give you the individual condition for that particular outlook period. So, this is 15-minute, 8-minute, 3-minute, but then over on the 3-minute, because it's really the 3-minute's going to help you with your entry timing, your exit timing cuz it it's going to be the most sensitive one for intraday swing. Now, if you do 1-minute and 2-minute, that's fine, but this is set up to reduce some of that noise. And you can see here that bouncing around, right? Scalp is been more stable here on the short side, but you get the minor that's been bouncing around between long and short, and then the major is neutral. So, right now there's not real great alignment happening, but if I look at the minor, and again, I look at the the major, the 15-minute, where are we relative to that that line in the sand? We could see this breakout above the slim ribbon here in the minor and really see the scalp turn positive, get it to a L a green L or L plus condition, that could give us another wave to the upside. If not, then a potential retest of this low is in the cards. So, again, this is cockpit number two. If you wanted to be part of our Ask Slim Labs. It's a division that we launched where you get direct access to some of our proprietary grids. You can purchase a pro package which you would get this grid directly. And I bring that up right now because the last thing I'm going to show before we I finish up this session is I wanted to show you on the impulse monitor and run through a couple live symbols. So, if we have any audience members that are still here and they have any questions at all, feel free to throw them into the Q&A and I will take a look at your symbol live to just give it a a run through from an intraday swing perspective using cockpit number two here. But, what I wanted to show is the impulse monitor and how you can use it in combination with your own charts, but I'm going to use our charts. So, okay. Tamara asked for SOXL, so I'll take a look at that in a in just a second, but I wanted to just show you real quick so you can sort on this and you can get to which of the symbols are showing a positive or negative impulse condition. So, we have SMH, Apple, JP Morgan. JP Morgan's been on there when I would did the demo 1 hour ago when we were in the live the other standard session of our event today. I'm going to take a look at Let's take a look here at JP Morgan. And then, Tamara, I'm going to go to your SOXL. JP Morgan So, the impulse condition is showing positive and then we have the 8-minute strategy which is neutral. So, let's take a look at JP Morgan. I left the S&P 500 up on top just to see if it's tracking more relatively stronger or weaker and you can see here right away I'm going to go to I'm going to go to the middle. I'm going to go to the 8-minute. I'm going to look at my power meter and I'm going to look at at SMI and you can see the reading for the SMI is almost 75, and then for uh ES, we're talking -20, and then the power meter's at -8 and +45. So, clearly JP Morgan's stronger today. So, that's interesting. So, there's a lot of You always are trying to find either correlations or disconnects or relative strength or ultimately it's just cues, clues that help to give you more confidence in your odds and when you're building out your trading plan. And so, anyways, you can see how JP Morgan here you had the reversal scout in the SMI. You got trader radar. When trader radar is shrinking in terms of the bar height here, that tells you that it's weakening, okay? And then what you'll start to see trader radar flatten out, you'll see the SMI start to turn up, you'll see the reversal scout turn positive, and then you know that there might be a shift taking place. And you can see here, this is a beautiful momentum divergence, a positive momentum divergence. You have a new low. Wow, this would have been a just a fantastic intraday trade today. You make a new low this morning right away the 30. However, momentum makes a very strong divergence here in terms of not making it new low on the value of the momentum compared to price, and then JP Morgan really has a move higher. And the other thing that I added in here that's new are these arrows on the 3-minute. Now, I spread out the 3-minute so you could see a a longer duration of period of time, which shows a lot of different arrows. But when you're looking at how you should be just a shorter period of time here, the arrows are great because they the algorithm is designed to show certain technical events. Reversal, key reversal situations, continuation situations, breakouts through consolidations, and warnings when things could be shifting. and the color of the arrows tells you what the more dominant condition is under the underlying when the event occurs. So, you can see this this shift here. Now, if we go way back in time, as the transition occurred, you're going to have the shifts occur in the 3-minute, obviously the faster than in the 8-minute and the 15-minute because it's going to be most sensitive, but and you'll see the the scalp flip to positive very quickly, relatively speaking, compared to the minor or the major, but you can see here how we got the reversal scalp turns and then you get an arrow. You got a couple different arrows to start the turn up. So, there's a this with the cyan or bluish aqua color, which lets you know that this is a meaningful potential reversal color that it that happened and then you have a gray warning arrow. So, it's telling you what direction the technical event is happening, right? So, if it's underneath, you're pointing up, that's a positive technical event, and then if it's obviously the other way, it's a negative technical event. So, you can see those back here when it was in the negative condition. So this So, we got the a green arrow here, another green arrow. Also, as you start to really let this assimilate, soak this in, think this through, in addition to how So, how do I how do I want to use it? I want to use it as I'm thinking about my position bias, right? So, what are the color arrows and what is the direction of the arrows that are occurring more frequently? Clearly, you started to get four you had four positive arrows. You had two here. There was no more red arrows. You started to consolidate. Reversal scalp turns up. If you're a scalper, these are incredibly powerful in combination with then understanding what is the conditions of the longer durations. And what I want to be doing then is waiting for the opportunity where you have a like right now you can anticipate all you want and that's completely fine and there's some cases where you don't you don't want to wait and you might anticipate and you just get a get your feet wet into a position and you might do a quarter size if you really think that's setting up. But in this case here, you got minor which is positive, you got major which is neutral. And if I was looking to try to align myself with another opportunity in JPMorgan, then I'd want to see the scalp turn up. But I also want to be more cautious as I'm thinking through the price maturity. I talked about that before when it comes to that checklist that I had. When you look at this, right? Technical evidence case. So think about your use case when you're building your trading plan cuz you want to get to that decision output. Do I got a trade? Is it pending? We have no trade. What's the price move maturity? That is so important because right now if I'm using the SMI, very positive condition overall. However, I've used up a lot of energy. There's a lot of energy that's been used up to get to this point in the JPMorgan's move. Now that doesn't mean there can't be another opportunity to the upside and another move, but if it's me, this was the meat of the move. This is the one I was waiting for. And if I want to participate again, my position size is going to be smaller. I'm not going to be excited as I was before because now I'm dealing with an overbought condition that is very strong. Overbought doesn't tell me that oh, I want to be short. Overbought tells me depending on the duration of the overbought period I want to be aware that it's a very strong move, but I'm also likely not going to be participating in terms of sizing when something's as extended as it is, doesn't mean I'm going to shy away from a long side in JP Morgan, but what I would be considering is my position sizing being smaller for for sure, being more mindful of what I'm watching for my targets to be because there's we've already made a huge a large move a huge move in JP Morgan. And so how am I going to use the tool here? We can see it's rusting along this light green support off the linear regression channel. It's coming off of a a warning two different color warnings. You got a gray warning of a potential reversal. You got the reversal scout that already gave us the warning up here. The SMI gave us a warning as well. So you're getting into more of a chop scenario with some light bearishness connected to it. But if we get a positive arrow and if I was a scalper, then you could consider a move up back up in JP Morgan. I would like to see the ES also turn up. Right? So you get a little warning signal here in ES. Plus you had the reversal scout turning up, which is interesting. So you can see the the relative strength, the ES actually is leading JP Morgan in this 3-minute move, which is really cool to see. So that that just is helpful. So if I was looking at symbols that were correlated to the ES this is when you see the ES starting to turn up that's an opportunity. So what I would be doing is going back to also then the slim slim's impulse monitor. And I would want to see what that looks like right now. I'm going to do that here in just a second. But I would want to watch for that scalp to turn back positive cuz that would that could tell me that we get the majors turning back positive. Maybe there's a new upside move. And you're never all you're never going going right every time every time, right? And so, if you expect to be perfect, you're going to be very frustrated as a trader. What you want to do, and you hear it all the time, but is and it's true, you want to manage your risk. And there's nothing more important than managing your risk, having a plan around risk, that's the first and foremost, and then obviously a methodology that tells you I want to be long, I want to be short, here's my position sizing, here's my exit target or stop. If you simplify it into that, you're likely to do much better. You want to be able to determine for yourself, when am I going to stand aside? How many times am I going to try to participate? And you get to a place where you say, "Okay, I'm going to give this five five tries two points in the the S&P 500 each time." or some number, however you figure it out. And you can see the turn now. See how the scalp, the minor and the major all went back to positive. You get the nice little breakout move. We had that warning from the ES that with two we had two upside reversal arrows, warning reversal arrows. They're still gray, which means there's not a the underlying condition's not really strong when these occurred, but they do warn you that the what is the technical occurrence that is happening? Is it to the upside or the downside? Is it bullish or bearish? These absolutely will help tell you that. And you can use them to support your decision making. But we got a nice little move in in in JPM right here. That's what it the expectation would have been. The odds would have favored this kind of move. And now, does are you going to have the the tools give you the perfect sort of setup every time? No. Are you going to have the How fast it got up to the 15-minute high and it immediately backs off? And this is what I was saying about earlier in terms of being a day trader, moves happen very fast. If you're a scalper, you really need to be okay with getting in and out very quickly. If you're that minor swing trader, maybe you would have gotten out of a a quarter or half of your position if you had gone long. And you can see here that the yes is trying to get up above this equilibrium line and the line in the sand and maybe it makes another move and if it was to make another move, what am I looking at? If you have the day trader pro package, you can draw your own fib lines cuz they don't appear automatically and you can see here that right now we're tracking, getting stuck in between the 38.2 and the 50. If we break out above there, there already was a a print at the 61.8. Won't be surprised to see a pretty quick test of that 61.8. If it can hold and get a breakout going and then even maybe even getting close up to that 78.6. So, that's how you use this. It's instantaneously you can get a feel. If I was to look at anything and I wanted to learn and work off of, okay, what's your some of the evidence, you know, on this day trader tool, it's looking at these three because they're going to put together some of the evidence for the scalp, the minor and the major. But, if you can learn about how to interpret all of the information on here, you're going to have a much broader edge to work with. As you have a linear regression channel here, you have that line in the sand and as you break through one resistance, it helps to know where the next resistance level is and I look at it at multiple time frames. So, for JP Morgan, if I'm a scalper or minor, a minor intraday swing trader, here's my next resistance area. If I don't If I'm not drawing fibs, I need to have some other way of doing it. So, I'm either looking at price, fibs, or I'm using my linear regression channels. In addition to that, I'm also using where are we relative to the SMI because there's a there's an ebb and flow. There's almost a cyclical nature to the SMI where you get up to these overbought oversold levels and then there there obviously are automated systems that are selling as soon as you hit those. And you can feel them and see them as they happen. So, you've got to be aware where the systems are going to be buying and selling. They're going to be based on certain fib levels. They're based on linear regression levels. They're based on SMI levels. So, what we're trying to do here is track where's the money flowing? Where are the Where are the reaction points that are going to occur? I'm I just As Slim said, we've done so much work on this. I would say it is the most comprehensive, robust day trading, intraday, full scoped tool, set of tools you're going to find anywhere. And the amount of information that you're going to be able to learn is probably unmatched when it comes to considering how you look at intraday swing trading, right? That's what we think about here at Ask Slim are we want to find the larger moves. You can use this for scalping for sure, but where are those larger opportunities that start to develop? All right, there was a couple questions here. And one came in from Danny. He's wondering if the the other in the new installments will be an add-on cost or included. If you are a current day trader member, the new position bias labeling that's in the futures cockpit are going to be there starting on Monday. If you are one of the few people who get access to the day trader pro package that you can purchase separately, where you get the the actual grids and the proprietary studies, you'd be able to use them. Now, that is a separate purchase, but you'll be able to use these for any symbol you want. So, if we want to look at Apple right now, if you have the pro package, you'll be able to plug in any symbol you want, and you'll be able to see how the position bias labels are Look at how great these indi- the arrows are working here. So, you got these reversal warnings. You get your first reversal warning right here as we went from a negative condition, the slight pink. You have the reversal scout go positive. You have your first technical arrow, occurrence arrow, and another one. So, it's almost like you're think about adding them together. Right? You go from this negative small pink arrow to now you're starting to get a larger warning arrows and you get a sign this the blue arrow that lets you know a warning of a potential reversal. And away we go and all we had here are positive directed arrows all the way through on Apple. You look at the other the minor swing outlook period, reversal scout positive. It is extreme There's nothing easy about trading. But when you've when we've put in the amount of engineering hours in the hundreds and hundreds of engineering hours to build these, you have a very powerful comprehensive set of tools that are as I went over before, really designed to number one keep you out of trouble. What does that mean? I do not want to be trading against positive trends and momentum. There's no reason that I'm going to look at this bar in these arrows and think it's time to go short. Now, once you get up here where we've already exerted in a lot of the energy for Apple, if I'm a scalper minor swing trader and I'm looking at Again, we I talk about the number of minutes. Look Let's look how long this has been. This move here, you know, we're over an hour and 15 minutes. So, if you're a a scalper, you might have been out right here. 15 minutes in, we had a nice very nice move in Apple 15 minutes. Now, if I'm a minor swing trader, I might try to ride out an hour. So, here's an hour, right? If I'm looking for the bigger move or if I'm going to scale out of my position, I might be tracking for hour and a half, and we're starting to get close to that. And now I would move over to the middle, and we haven't exerted all the energy of this SMI yet. You can see when we get up to the top, it rolls over. We're right in the middle, but getting a little tired. So, that's where I'm going to do my draws on the fibs. And I'm going to say, "There's that 50%." Why do we want to know these things? Because this is where the systems the systematic automated trading systems are selling or buying, right? What I mean by that is that these are like the invisible fences, the programs. You've got to know where those are because there's going to be automatic selling that occurs. There's automatic selling that occurred. And you can see this candle is more bearish than any of the other candles over the last a lot of minutes, and it's the bulls are still trying to hold on over control here. Everything's still positive. However, you're starting to get a little bit of warning, right? You can see that the first warning here in the SMI is just this arrow letting you know, "Be careful." But as a scalper, this is where you're like, "Okay, I'm calling it at this trade's over." As an example, even if I'm a minor swing, this trade's over. And I'm not if I'm not looking back. If it rallies up all the way to new highs, so be it. Because what you have to really always do is declare your style. And if you're in a scalp, if you're in a minor position trade, when it shows you signs that it's over, you're it's over. If you're want to scale out more, and you're like, "Hey, I think this could run to the end of the day." Okay, then you're talking about a major or larger position or outlook period, and then you're looking at the other tools, and you're saying, "Okay, yeah, it looks like there's some opportunity there." But you also don't want to let a a winner turn into a loser. So, if you're in back over here, and you're up let's say you're up a a whole point in Apple or 0.75, right? 3/4 of a point. You've got to say to yourself, where do I call it a day on that? I'm not going to let a one point trade turn into a a net one be become net net one negative. For me, that just makes absolutely no business sense. In no time in any other kind of business scenario, do you sell something to a customer, make a profit, and then say, you know what? I'm going to buy it back for a loss. So, that's how I like to think about that. You really want to look at trading like a business model. You want to construct a business model that has a positive expectancy for yourself, not one that's going to generate the risk of winners turning into losers. Now, I'm not talking about when you get in early in on a trade and it shows you a little loss that you some sometimes you get right out depending on the scenario. But, other times you let it play out a little bit, right? Especially let it play out if something is in a more stronger trend. So, I'm not talking about if you bought here and then it pulls back in in two three minute bars and you panic and you got to get out. That's not what I mean. What I mean is you've been in position for several minutes, could be tens of minutes, could be an hour and a half, and you've got a good profit that's showing. You have to talk to yourself about or have a plan in place that what am I going to do if that position starts to go the other way. And just as much as you do when you have a losing position, you have a winning position. There's a there's the old the the wise the wisdom nugget of let your winners run. Absolutely, but you've got to have actual business model logic to what does that mean? Because just when you're letting your winners run to where? At some point, your winners run to then they stop. And if you're a scalper, they turn into into small gains and then you're neutral or you you don't have a gain and then you have a loss. So, when it comes to day trading, the idea of letting your winner run, we have tools to help you get a feel for that. The impulse monitor, looking at longer duration conditions. But then there comes a point where if I'm a scalper or minor swing trader, I'm going to have to deal with or even the major, I'm going to deal with what do I do with my winner? And knowing where those areas are are really important and where those levels are for yourself in terms of the amounts. So I hope I hope all of that is helpful in terms of just talking about practical application, talking about strategy when it comes to day trading. Again, we have a huge resource area that is available for those of you that are members. Just a huge positive in terms of the depth of it, you know, spotting reversals. So all the various aspects that you're interested in, you would have an opportunity with here. Okay, that's everything I'm going to cover for today. Again, we have a special that is going on in this particular day trader service. And that day trader service, I'll just pull up where you can go on our site to wrap this up. On asklim.com, you can go to day trader special buy two get one free and you'll be able to get two months. Buy two months of day trader, get one free. It's only 89.90. And if you break that down over 20 or 22 sessions in a month, you for a few bucks, two bucks a day-ish, some number like that, you really have an opportunity to gain a lot more value than a buck or two a day when it comes to what it's going to cost in terms of the day trader program that we offer. All right, everybody, have a great weekend. Wish you all the best and great trading. >> Mhm.