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A CompleteDayTradingSystem Figures

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Young/A Complete Day Trading System

A Complete Day
Trading System
Figures and Trade Examples

Figure 1.1 – 1-minute chart of Roblox


Corporation (RBLX) illustrating how the process
of rejecting the established value will unfold
on your chart (in this example, between about
10:20am and 11am) (chart courtesy of
DasTrader.com).
Young/A Complete Day Trading System

Figure 1.2 – Screenshot of how to add the


PivotPoint study in DAS Trader Pro (screenshot
courtesy of DasTrader.com).
Young/A Complete Day Trading System

Figure 1.3 – Screenshot of how to configure


PivotPoint General Config in DAS Trader Pro
(screenshot courtesy of DasTrader.com).
Young/A Complete Day Trading System

Figure 1.4 – Screenshot of how I configure and


color code my Camarilla pivot points in DAS
Trader Pro (screenshot courtesy of
DasTrader.com).
Young/A Complete Day Trading System

Figure 1.5 – 1-minute chart of the SPDR® S&P 500


Exchange Traded Fund (SPY) illustrating an S3 to
R3 traverse (chart courtesy of DasTrader.com).
Young/A Complete Day Trading System

CPR

CPR

Figure 2.1 – Diagram showing how the


relationship between your pivots will illustrate
a bullish bias (chart illustrated by Thor
Young).
Young/A Complete Day Trading System

CPR

CPR

Figure 2.2 – Diagram showing how the


relationship between your pivots will illustrate
a bearish bias (chart illustrated by Thor
Young).
Young/A Complete Day Trading System

CPR CPR

Figure 2.3 – Diagram showing how the


relationship between your pivots will illustrate
a neutral bias (chart illustrated by Thor
Young).
Young/A Complete Day Trading System

R5

R4

R4

Open
Price

Closing
Price

Figure 2.4 – Diagram showing how your pivots


for the previous trading day and then the
current trading day will illustrate the
possibility for a bullish breakout (chart
illustrated by Thor Young).
Young/A Complete Day Trading System

R4

R3

R4

Open
Price

Closing
Price

Figure 2.5 – Diagram showing how your pivots


for the previous trading day and then the
current trading day will illustrate the
possibility for a bullish failure (chart
illustrated by Thor Young).
Young/A Complete Day Trading System

R4

R2

S3

Open
Price

Closing
Price

Figure 2.6 – Diagram showing how your pivots


for the previous trading day and then the
current trading day will illustrate the
possibility for a bullish bounce (chart
illustrated by Thor Young).
Young/A Complete Day Trading System

R4

R3

R2

S3

Open
Price

Closing
Price

Figure 2.7 – Diagram showing how your pivots


for the previous trading day and then the
current trading day will illustrate the
possibility for a bullish trap (chart
illustrated by Thor Young).
Young/A Complete Day Trading System

Open
Price

S4

S4

Closing
Price

Figure 2.8 – Diagram showing how your pivots


for the previous trading day and then the
current trading day will illustrate the
possibility for a bearish breakout (chart
illustrated by Thor Young).
Young/A Complete Day Trading System

Open
Price

S4 S3

S4

Closing
Price

Figure 2.9 – Diagram showing how your pivots for


the previous trading day and then the current
trading day will illustrate the possibility for
a bearish cover (chart illustrated by Thor
Young).
Young/A Complete Day Trading System

R3

S2

S4

Closing
Price

Open
Price

Figure 2.10 – Diagram showing how your pivots


for the previous trading day and then the
current trading day will illustrate the
possibility for a bearish sell off (chart
illustrated by Thor Young).
Young/A Complete Day Trading System

S3
S2

S3

S4

Closing
Price

Open
Price

Figure 2.11 – Diagram showing how your pivots


for the previous trading day and then the
current trading day will illustrate the
possibility for a bearish squeeze (chart
illustrated by Thor Young).
Young/A Complete Day Trading System

R4

S4

Figure 2.12 – Diagram showing how your pivots


can line up for a breakout on an outside day
(chart illustrated by Thor Young).
Young/A Complete Day Trading System

R3

S3

Figure 2.13 – Diagram showing how your pivots


can line up for a long or short trade on an
inside day (chart illustrated by Thor Young).
Young/A Complete Day Trading System

R6

R5

R4

R3

R2
R1
S1
S2

S3

S4

S5

S6
Open
Price

Figure 3.1 – Diagram showing how your pivots can


present for an R3 to S3 traverse (Inside Day)
(chart illustrated by Thor Young).
Young/A Complete Day Trading System

R6

R5

R4

R3

R2
R1
S1
S2

S3

S4

S5

S6
Open
Price

Figure 3.2 – Diagram showing how your pivots can


present for an S3 to R3 traverse (inside day)
(chart illustrated by Thor Young).
Young/A Complete Day Trading System

R6

R5

R4

R3

R2
R1
S1
S2

S3

S4

S5

S6
Open
Price

Figure 3.3 – Diagram showing how your pivots can


present for an R4 extreme reversal (inside day)
strong sell (chart illustrated by Thor Young).
Young/A Complete Day Trading System

R6

R5

R4

R3

R2
R1
S1
S2

S3

S4

S5

S6
Open
Price

Figure 3.4 – Diagram showing how your pivots can


present for an R4 breakout (outside day) strong
buy strategy (chart illustrated by Thor Young).
Young/A Complete Day Trading System

R6
R5

R4

R3

R2
R1
S1
S2

S3

S4

S5
S6
Open
Price

Figure 3.5 – Diagram showing how your pivots can


present for an S4 reversal (Inside Day) (chart
illustrated by Thor Young).
Young/A Complete Day Trading System

R6

R5

R4

R3

R2
R1
S1
S2

S3

S4

S5

S6
Open
Price

Figure 3.6 – Diagram showing how your pivots can


present for an S4 breakout (outside day) strong
sell strategy (chart illustrated by Thor Young).
Young/A Complete Day Trading System

R6

R5

R4

R3

R2
R1
S1
S2

S3

S4

S5

S6
Open
Price

Figure 3.7 – Diagram showing how your pivots can


present for an R6 reversal (versatile) strategy
(chart illustrated by Thor Young).
Young/A Complete Day Trading System

R6

R5

R4

R3

R2
R1
S1
S2

S3

S4

S5

S6

Open
Price

Figure 3.8 – Diagram showing how your pivots can


present for an S6 reversal (versatile) strategy
(chart illustrated by Thor Young).
Young/A Complete Day Trading System

Figure 3.9 – Screenshot of how to select Study


Config in DAS Trader Pro (screenshot courtesy of
DasTrader.com).
Young/A Complete Day Trading System

Figure 3.10 – Screenshot of how to add a Pivot


Point study to your chart (screenshot courtesy
of DasTrader.com).
Young/A Complete Day Trading System

Figure 3.11 – Screenshot of how I configure and


color code my floor points in DAS Trader Pro
(screenshot courtesy of DasTrader.com).
Young/A Complete Day Trading System

Without With With


Premarket Premarket Premarket
Data Data Data

Figure 3.12 – This table shows the 2-day


relationship between the previous day and the
current premarket price range (illustrated by
Thor Young)
Young/A Complete Day Trading System

Figure 3.13 – Screenshot showing the range


created by the overlayed R4-R4 (screenshot
courtesy of DasTrader.com).
Young/A Complete Day Trading System

n ce
la

Va
ba

lu
Im

e
Market Auction
Cycle
Ex

e
nc
c

ala
es
s

Figure 4.1 – Diagram of the market auction cycle


(illustrated by Thor Young).
Young/A Complete Day Trading System

Figure 4.2 – Screenshot showing the initiation


of large volume as Initiative participants buy
anticipating the breakout. (Screenshot courtesy
of DasTrader.com).
Young/A Complete Day Trading System

Figure 4.3 – Screenshot of a stock with a large


volume change as we fail to break higher. The
result is a return back to the prior area of
value. (screenshot courtesy of DasTrader.com).
Young/A Complete Day Trading System

Figure 4.4 – Screenshot of a 1-minute chart


showing the Volume by Price indicator (the
horizontal bars on the left-hand side of the
chart) and the Volume Point of Control tool (the
horizontal line at the $119 price level)
(screenshot courtesy of DasTrader.com).
Young/A Complete Day Trading System

Figure 4.5 – Screenshot of how I configure


Volume Point of Control in DAS Trader Pro
(screenshot courtesy of DasTrader.com).
Young/A Complete Day Trading System

Figure 5.1 – A souvenir of my visit to the floor


of the New York Stock Exchange along with some
very generous comments tweeted by Peter Tuchman.
Young/A Complete Day Trading System

Figure 5.2 – An overview of the floor of the


New York Stock Exchange the day I visited in
2021.
Young/A Complete Day Trading System

Low Volume Average High Volume


Volume

Figure 5.3 – An illustration of how different


types of volume can impact the price of a stock
(chart illustrated by Thor Young).
Young/A Complete Day Trading System

Sudden increase in volume as


the price pushes up in a
strong engulfing wide range
candle

Resting Volume
on Pull Back

Figure 5.4 – An illustration of how advancing


volume can impact the price of a stock. The
advance is confirmed with the strong engulfing
candle (chart illustrated by Thor Young).
Young/A Complete Day Trading System

Lower wicks are


Previous area of
deep and the bodies
heavy buying
are closing in the
upper half of the
candle

High volume

Building volume

Figure 5.5 – An illustration of how stopping


volume can impact the price of a stock (chart
illustrated by Thor Young).
Young/A Complete Day Trading System

Price rising with


Strong advance
decreasing volume

Sudden increase in volume


as the price pushes up in
a strong engulfing wide
range candle.

Figure 5.6 – An illustration of how struggling


volume can impact the price of a stock (chart
illustrated by Thor Young).
Young/A Complete Day Trading System

Large volume on a narrow


bodied candle. This has
Previous area of all the makings of a
heavy selling shooting star.

Building volume

High volume

Figure 5.7 – An example of a shooting star doji


(a narrow-bodied candle) forming on high volume
(chart illustrated by Thor Young).
Young/A Complete Day Trading System

Weak Strong

Low volume Average volume High volume

Figure 5.8 – An example of how a hammer candle


can demonstrate three different types of price
action depending upon the volume of shares being
bought and sold at the time the candle is formed
(chart illustrated by Thor Young).
Young/A Complete Day Trading System

Indecision

Signal of Reversal signal


continuation for both bullish
and and bearish
consolidation trends

Low volume Average volume High volume

Figure 5.9 – An example of how a long-legged


doji can demonstrate three different types of
price action depending upon the volume of shares
being bought and sold at the time the doji is
formed (chart illustrated by Thor Young).
Young/A Complete Day Trading System

Above average
volume.

Below average
volume.

Validation Anomaly

Figure 5.10 – An example of how volume can


impact the interpretation of a narrow-spread
candle. Low volume signals a likely advance or
continuation. While high volume signals a likely
failure or reversal (chart illustrated by Thor
Young).
Young/A Complete Day Trading System

Anomaly

Above average volume

Below average volume

Figure 5.11 – An example of how a hanging man


candle can form on your chart (chart illustrated
by Thor Young).
Young/A Complete Day Trading System

Distribution
Phase

Selling
Climax

Transition
Phase

Testing Phase

Buying
Climax

Accumulation
Phase

Figure 5.12 – An illustration of the six price


action phases that a stock is constantly moving
through during a trading day (chart illustrated
by Thor Young).
Young/A Complete Day Trading System

Accumulation
Phase

Figure 5.13 – An illustration of the


Accumulation Phase that a stock is constantly
moving through during a trading day (chart
illustrated by Thor Young).
Young/A Complete Day Trading System

Figure 5.14 – An example of how the buying


climax phase will unfold on your chart (chart
illustrated by Thor Young).
Young/A Complete Day Trading System

Transition
Phase

Testing Phase

Figure 5.15 – An illustration of the Transition


and Testing phases that a stock is constantly
moving through during a trading day (chart
illustrated by Thor Young).
Young/A Complete Day Trading System

Distribution
Phase

Figure 5.16 – An illustration of the


Distribution Phase that a stock is constantly
moving through during a trading day (chart
illustrated by Thor Young).
Young/A Complete Day Trading System

Figure 5.17 – An example of how the selling


climax will unfold on your chart (chart
illustrated by Thor Young).
Young/A Complete Day Trading System

The test

Previous area
of heavy buying

Increasing volume

Low volume
Building volume

Figure 5.18 – An example of how a low-volume


test candle can present on your chart (chart
illustrated by Thor Young).
Young/A Complete Day Trading System

The Test

Previous area
of heavy
selling

Consistent High volume


volume

Figure 5.19 – An example of how a high-volume


test candle can present on your chart (chart
illustrated by Thor Young).
Young/A Complete Day Trading System

Ceiling of price action


(Resistance)

Floor of price action


(Support)

Figure 5.20 – An illustration of how support and


resistance levels can be compared to a floor and
a ceiling, respectively (chart illustrated by
Thor Young).
Young/A Complete Day Trading System

Higher high Lower high


than candles than candles
on either side on either side

Pivot High Pivot Low

Higher low Lower low than


than candles candles on
on either side either side

Figure 5.21 – An illustration of the two


specific candles that will be the defining point
for the start of a new price action phase (chart
illustrated by Thor Young).
Young/A Complete Day Trading System

Pivot High: Stage 2

The value range is now


defined

Pivot Low: Stage 1

Figure 5.22 – An illustration of how pivots are


used to establish your range (chart illustrated
by Thor Young).
Young/A Complete Day Trading System

Three points are


1
needed to
establish the
upper trend line

2
The pull backs create
ranges. The tops and
3 bottoms will follow trend
until it breaks.

Trend line
2 is broken

Three points are


needed to 3
establish the
lower trend line

Figure 5.23 – An example of how horizontal,


upper, and lower trend lines can be drawn on
your chart (chart illustrated by Thor Young).
Young/A Complete Day Trading System

Figure 6.1 – Chart illustrating the process of


weak participants being shaken out on a test of
the Central Pivot. (chart courtesy of
DasTrader.com).
Young/A Complete Day Trading System

Figure 6.2 – Chart illustrating showing a quick


move down to fill shorts and stop out Bulls
before starting an all-day rally (chart courtesy
of DasTrader.com).
Young/A Complete Day Trading System

Figure 6.3 – Chart illustrating a stop zone


marked by the rectangle. A circle marks the
range that established that zone as buyers
bought for the next leg up. Once the price moves
below that zone a large sell off begins as
Stronger Hands are shaken out. (chart courtesy
of DasTrader.com).
Young/A Complete Day Trading System

Figure 6.4 – 1-minute chart of NVIDIA


Corporation (NVDA) illustrating how three major
indicators can be used to identify ranges (chart
courtesy of DasTrader.com).
Young/A Complete Day Trading System

Trend establishing
off the 9 & 20 EMAs

Figure 6.5 – 1-minute chart of NVIDIA


Corporation (NVDA) illustrating that once the
range was broken, the price trended down on the
9 EMA (chart courtesy of DasTrader.com
Young/A Complete Day Trading System

Price
consolidation
shown by black
wedge

Price
consolidation
shown by black
wedge

Figure 6.6 – An illustration of how a price


consolidation can present on your charts (chart
illustrated by Thor Young)
Young/A Complete Day Trading System

Price
Compression
Shown by Black
Wedge

Price
Compression
Shown by Black
Wedge

Figure 6.7 – An illustration of how a price


compression can present on your charts (chart
illustrated by Thor Young)
Young/A Complete Day Trading System

Price
consolidation
shown by black
wedge

The expansion

Figure 6.8 – An illustration of how a price


expansion can present on your charts (chart
illustrated by Thor Young).
Young/A Complete Day Trading System

The failure

Price
compression
shown by the
black lines
forming a wedge

Figure 6.9 – An illustration of how a failed


expansion after an upward test can present on
your charts (chart illustrated by Thor Young).
Young/A Complete Day Trading System

Figure 7.1 – I sense this does not resemble the


trading station in your home office!
Young/A Complete Day Trading System

ABC ABC ABC


1s37.31 79s37.50 100s37.61

Figure 7.2 – A sample ticker tape from around


the 1950s.
Young/A Complete Day Trading System

Figure 7.3 – This photograph dates back to


December 1918. The caption provided by the
photographer, Underwood & Underwood, states
(using language that we would not today): "The
Waldorf-Astoria Hotel is employing girls to
operate tickers and stock exchange boards. The
Waldorf is the first to employ girls in its
various departments, in order to release men for
war work." (Notwithstanding that caption and the
date attributed to the photograph, I note that
the First World War had actually ended one month
earlier.)
Young/A Complete Day Trading System

Figure 7.4 For over a century, used ticker tape


has been "repurposed" into a form of confetti.
It is either cut up into scraps and tossed from
the windows above a parade, or at times the
entire spool will be thrown from a window. These
ticker tape parades are synonymous with New York
City and, in particular, Lower Manhattan. They
generally celebrate a significant event such as
the end of World War I and World War II, the
safe return of one of the early astronauts, or a
winning sports team. *Fun Fact
Young/A Complete Day Trading System

Figure 7.5 – A screenshot showing how to anchor


your Time and Sales to your Montage window in
DAS Trader Pro (screenshot courtesy of
DasTrader.com).
Young/A Complete Day Trading System

White
Light Green
Green
White
Red
Pink
White

Figure 7.6 – Screenshots of a sample tape plus a


summary of what the color of each transaction
represents (screenshots courtesy of
DasTrader.com).
Young/A Complete Day Trading System

Figure 7.7 – A screenshot of 3 sample tapes


showing the 3 types of trades made by the
various participants small to large (i.e.,
retail, prop, institutional). (screenshot
courtesy of DasTrader.com).
Young/A Complete Day Trading System

Figure 7.8 – A screenshot of the Time & Sales


Configuration Menu (screenshot courtesy of
DasTrader.com).
Young/A Complete Day Trading System

3 2

Figure 7.9 – A screenshot of the Level 2 for


Lucid Group Inc. (LCID) flagged with the major
components of Level 2 (screenshot courtesy of
DasTrader.com).
Young/A Complete Day Trading System

2
7
3
9

Figure 7.10 – A screenshot of how I recommend


you configure your Level 2 (screenshot courtesy
of DasTrader.com).
Young/A Complete Day Trading System

1 2

Figure 7.11 – A screenshot of how the Level 1


for Lucid Group Inc. (LCID) presents in DAS
Trader Pro. The current bid and ask prices are
flagged (screenshot courtesy of DasTrader.com).
Young/A Complete Day Trading System

Figure 7.12 – A screenshot of where DAS Trader


Pro displays the current Bid-Ask Spread in the
Level 1 for Lucid Group Inc. (LCID) (screenshot
courtesy of DasTrader.com).
Young/A Complete Day Trading System

Large
Lots

Figure 7.13 – A screenshot of how DAS Trader Pro


groups lots by price level in the Level 2 for
Lucid Group Inc. (LCID). The larger groups of
lots are flagged for your ease of reference
(screenshot courtesy of DasTrader.com).
Young/A Complete Day Trading System

Large
Lots
Stacking

Figure 7.14 – A screenshot of how the stacking


of large lots is displayed by DAS Trader Pro in
the Level 2 for Lucid Group Inc. (LCID).
(screenshot courtesy of DasTrader.com).
Young/A Complete Day Trading System

Confidence Confidence

Panic Panic

Covering on Shorting Covering Shorting on


Limit the spread the spread Limit Order
Market
BID | LIMIT | MARKET Makers MARKET | LIMIT | ASK
Buying at Selling Buying Selling at
Limit the spread the spread Limit

Panic Panic

Confidence Confidence

Figure 7.15 – A diagram illustrating how Market


Makers impact the market and its participants
(chart illustrated by Thor Young).
Young/A Complete Day Trading System

Figure 7.16 – A screenshot of the Level 2 for


Lucid Group Inc. (LCID), illustrating how a good
Level 2 structure will present in DAS Trader Pro
(screenshot courtesy of DasTrader.com).
Young/A Complete Day Trading System

Figure 7.17 – Screenshots of the Level 2s for


MoneyGram International Inc. (MGI) and Alphabet
Inc. (GOOG), both showing how a bad Level 2
structures will present in DAS Trader Pro
(screenshots courtesy of DasTrader.com).
Young/A Complete Day Trading System

Figure 7.18 – Screenshot of the Level 2 for Li


Auto Inc. (LI), showing how a bullish (strong)
Level 2 will present in DAS Trader Pro
(screenshot courtesy of DasTrader.com).
Young/A Complete Day Trading System

Figure 7.19 – Screenshot of the Level 2 for


Palantir Technologies Inc. (PLTR), showing how a
bearish (weak) Level 2 will present in DAS
Trader Pro (screenshot courtesy of
DasTrader.com).
Young/A Complete Day Trading System
Young/A Complete Day Trading System

Figure 7.20 – 5-minute chart of Meta Platforms


Inc. (META) and a screenshot of the accompanying
thermal map provided by Bookmap™ (chart courtesy
of DasTrader.com and screenshot courtesy of
Bookmap.com).
Young/A Complete Day Trading System

1 2 3

Figure 7.21 – An example of 3 Level 2s from the


same ticker demonstrating a Book Flip (chart
courtesy of DasTrader.com).
Young/A Complete Day Trading System

Figure 7.22 – 1-minute and 5-minute charts of


Apple Inc. (AAPL), along with a screenshot of my
Level 2 for AAPL, illustrating how a stock
experiencing a major bull run will present on
your charts and Level 2 (charts and screenshot
courtesy of DasTrader.com).
Young/A Complete Day Trading System

Figure 7.23 – Screenshots of two Level 2s for


Carnival Corporation (CCL), showing held orders
on the order book. (screenshots courtesy of
DasTrader.com).
Young/A Complete Day Trading System

Figure 7.24 – Screenshots of the Level 2 for


Palantir Technologies Inc. (PLTR) and Nikola
Corporation (NKLA), both showing that the stocks
were in a state of balance (screenshots courtesy
of DasTrader.com).
Young/A Complete Day Trading System

Figure 7.25 – Screenshot of the Level 2 for


Palantir Technologies Inc. (PLTR), showing that
the stock was in the excess phase (screenshot
courtesy of DasTrader.com).
Young/A Complete Day Trading System

Figure 7.26 – Screenshot of the Level 2 for


Palantir Technologies Inc. (PLTR), showing that
the stock had settled into the imbalance phase
(screenshot courtesy of DasTrader.com).
Young/A Complete Day Trading System

Figure 8.1 – Screenshot of how I configure the


Scanner Script Builder window in DAS Trader Pro
(screenshot courtesy of DasTrader.com).
Young/A Complete Day Trading System

Step 1: Develop Trading S


Bias based on the Pivot Step 2: Confirm the Bias p
Ranges T
Bullish Bias: Prior Session Closed above its CPR. Today the Prior Session Closed within its CPR. Today the
Today’s Central Pivot Range is Higher than previous Price is opening above the pivots. (If the price Price is opening high within pivots. (If the price
sessions. (Keep in mind over lapping CPRs are still bullish just not as strong.) opens under R4 then be looking for a trend reversal short at R3..) opens under R4 then wait for the stock to sell of and bounce out of the A nar
grey area. Long at R4 or the retest of R4 if VPA supports. Otherwise,
short R3 if breakout is rejected.)
and B
for co
this ra

Today’s CPR

Previous Sessions CPR

Bearish Bias: Prior Session Closed below its CPR. Today’s Prior Session Closed within its CPR. Today’s
Today’s Central Pivot Range is Lower than previous Open price is below the Pivots. (If the open price is Open price is low within the Pivots. (If the open A wi
sessions. (Keep in mind over lapping CPRs are still bearish just not as strong.) above S4 then be on the lookout for a trend reversal long at S3.) price is above S4 then wait for the stock to squeeze and reject S3. Go likely
short at S4 for breakdown if VPA supports. Otherwise, be on the
lookout for a trend reversal long at S3.) this se
the ran

Previous Sessions CPR

Today’s CPR

No Bias: Lots
Today’s Central Pivot Range is between the prior Howe
session's CPR (If it doesn’t chop a big move is likely.) chopp
to be p
likely
We can’t confirm a bias on an inside range. Nothing to do here but wait. We need to watch the
so
VPA for direction signals at the open. Then play the breakup of R4 or the Breakdown of S4. Use
con
R4 and S4 as bias indicators. Once value is established on either side and holds you can play the
trend for what will likely be a solid move to the top or bottom of the range.
*If t
pivots
a run
Previous Sessions CPR Today’s CPR befor
Young/A Complete Day Trading System

Step 3: Judge
Bias potential for Step 4: Trade the Cams
Trades Range
osed within its CPR. Today the Inside or Outside Day
Long Bias: (Always use VPA/Setups to
high within pivots. (If the price
it for the stock to sell of and bounce out of the A narrow CPR has two views. Chop confirm Entry)
the retest of R4 if VPA supports. Otherwise,
ejected.)
and Breakout. You will need to wait
for confirmation. Don’t over trade
this range as it may take some time
BUY at S3 and Target R4 using whatever
to pick a direction. partial taking method you choose in
between.

If price opens above the CPR then BUY at


R4 of retest and target R5 and R6
osed within its CPR. Today’s Short Bias: (Always use VPA/Setups to
w within the Pivots. (If the open A wide CPR means you are more
ait for the stock to squeeze and reject S3. Go likely to be bound to the range. In confirm Entry)
wn if VPA supports. Otherwise, be on the
rsal long at S3.) this setup the idea is to buy as low in
the range as possible and sell as high
in the range as possible.
SELL at R3 and Target S4 using whatever
partial taking method you choose in
between.

If price opens below the CPR then SELL at


S4 on retest and target S5 and S6
Lots of potential for a big move.
However, we do run a chance to get (Always use VPA/Setups to confirm Entry)
chopped as well. It will be important
to be patient with this range. We are
Open Above CPR = Long BIAS
likely consolidating in a daily range, BUY at R4 targeting R5 and R6
ut wait. We need to watch the
so we need a breakout and
4 or the Breakdown of S4. Use
confirmation to take a position.
ide and holds you can play the
bottom of the range. Open Below CPR = Short BIAS
*If the open price is outside the
pivots despite a narrow CPR. Look for
SELL at S4 targeting S5 and S6
a run in either direction to S5 or S6
before trend reversing and coming
back inside the range.

Figure 8.2 – A table setting out a four-step


process you can work through to help you
identify "Where" best to trade each day (chart
illustrated by Thor Young).
Young/A Complete Day Trading System

MARKET
OPENS

OUTSIDE
DAY

Trend is Trend is
Bullish Bearish

Change of Direction Change of Direction


R4 and ABOVE S4 and BELOW
Opens below S4 opens above R4

R4 Breakout Test S4 Breakout Test R4 Breakout S4 Breakout

LONG SHORT LONG SHORT


Young/A Complete Day Trading System

INSIDE
DAY

Trend is Trend is
Bullish Bearish

R4 and ABOVE Test S3 S4 and BELOW Test R3

Extreme Reversal S3 to R3 Traverse Extreme Reversal R3 to S3 Traverse

SHORT LONG LONG SHORT

Figure 8.3 – A flowchart that you can work


through to help you identify "Where" best to
trade each day (chart illustrated by Thor
Young).
Young/A Complete Day Trading System

Figure 9.1 – A chart demonstrating the various


hit rates required to out-balance losses. (chart
illustrated by Thor Young).
Young/A Complete Day Trading System

Tier 1 Tier 2 Tier 3 Tier 4 Tier 5 Tier 6 Trail till


Cross
Strategy Name
1 to 1 ALL OUT

2 to 1 ALL OUT

3 to 1 ALL OUT

4 to 1 ALL OUT

5 to 1 ALL OUT

6 to 1 ALL OUT

Trail to 1 ALL OUT

2 to 1 Trail 50% ALL OUT

3 to 1 Trail 33% ALL OUT

2, 4, to 1 Trail 50% 50% ALL OUT

3, 6, to 1 Trail 33% 50% ALL OUT

Figure 9.2 – a Grid Chart outlining the various


profit taking methods I use. (chart illustrated
by Thor Young).
Young/A Complete Day Trading System

-1R at Stop

S4 ENTRY

All Out

S3

Figure 9.3 - Example of how a 2 to 1 scalp


(initiative) trade can be played. (chart
illustrated by Thor Young).
Young/A Complete Day Trading System

All Out

Target 2

Target 1

ENTRY

-1R at Stop

Figure 9.4 - Example of how a 2 to 1 scale out


(initiative) trade can be played (chart
illustrated by Thor Young).
Young/A Complete Day Trading System

-1R at Stop

ENTRY

Target 1

Target 2

All Out

Figure 9.5 - Example of how a 3 to 1 scale out


(initiative) trade can be played (chart
illustrated by Thor Young).
Young/A Complete Day Trading System

-1R at Stop

ENTRY

Target 1

Trailing Stop
Triggers All
OUT

Target 2

Figure 9.6 - Example of how a 3 to 1 runner


(scale out with trailing stop) trade can be
played (chart illustrated by Thor Young).
Young/A Complete Day Trading System

-1R at Stop

ENTRY

All OUT at
Target

Figure 9.7 - Example of how a 1R to trend target


(responsive) trade can be played (chart
illustrated by Thor Young).
Young/A Complete Day Trading System

Figure 9.8 – Screenshot of how to set up moving


averages in DAS Trader Pro (screenshot courtesy
of DasTrader.com).
Young/A Complete Day Trading System

Figure 9.9 – Screenshot of how to set up moving


averages cross in DAS Trader Pro (screenshot
courtesy of DasTrader.com).
Young/A Complete Day Trading System

Below the 20ema is


Trending as each pull
back is still being sold.

Our first long side EMA


cross shows we have lost
momentum and value is
being established.
Young/A Complete Day Trading System

Our second long side EMA


cross shows we have lost
momentum again. This time the
20ema begins holding to the
downside. Our momentum has
reversed.

Figure 9.10 – 1-minute chart of NIO Inc. (NIO)


with two different EMA crosses marked (chart
courtesy of DasTrader.com).
Young/A Complete Day Trading System

Figure 9.11 – 1-Minute chart of $NFLX showing a


Free Roll add using 9ema and VWAP test. R3 was
used as new stop out. (chart courtesy of
DasTrader.com)
Young/A Complete Day Trading System

-1R at Stop

ENTRY

ALL OUT

Figure 9.12 - Example of how a Bag Hold


increases risk while lowering your potential for
reward (chart illustrated by Thor Young).
Young/A Complete Day Trading System

-1R at Stop

ENTRY

-1R at Stop

ENTRY

All Out

Figure 9.13 - Example of how a Stopping out is


better and the better price position will offer
the potential to net higher gains (chart
illustrated by Thor Young).
Young/A Complete Day Trading System

Figure 10.1 – Graph illustrating the Dunning-


Kruger effect.
Young/A Complete Day Trading System

Real Trade Example 1 – 1-minute chart of Meta


Platforms Inc. (META), R3 to S3 Traverse

$META on this day is a great example of both an


S3 to R3 and R3 to S3 traverse which I Traded in
this example. A lot of trading strategies under
perform on range days. This strategy double dips
on days like this. You can play the open long.
Once it tops out, play the reversal back to
value. I went short here under R3 once the order
book was bullish and I saw heavy order flow hit
the tape. Notice how immediate the drop was
after my entry. I went all out at S3 as this was
the anticipated move. We bounced shortly after.
Young/A Complete Day Trading System

Real Trade Example 2 – 1-minute chart of Apple


Inc. (AAPL), S4 Reversal

$AAPL on this day was set to open just above S4


which put it on watch. Since it was a little
above S4 I let it sell off first to the bottom
of the range and when it hit S4 you could see
the book flip bullish very quickly. This happens
on these V style reversals. The price will hit a
large short cover order and quickly squeezes. At
this extension Bulls are watching to by the dip
for the next day's swings so the order book can
flip very quickly as they start coming in
aggressively with a clear stop range defined. I
played the stock back to an establish value area
highlighted by VPOC.
Young/A Complete Day Trading System

Real Trade Example 3 – 1-minute chart of


Microsoft Corporation (MSFT), S4 Break Down.

$MSFT opened in a Break Down range below S4 and


squeezed at the open. In this trade I entered a
little higher than usual because the stock
squeezed with the market and the Book Flip was
very obvious. Usual Entry would be short at S4.
Tape reading greatly improved entry.
Young/A Complete Day Trading System

Real Trade Example 4 – 1-minute chart of Meta


Platforms Inc. (META), R4 Extreme Reversal to
S4.

$META on this day is again a great example of a


large move in both directions. Where a swing
trader or long-term trader is break even at best
this ticker could've been traded in both
directions. This is the Day Trader's supper
power. The ability to get in an out at will. It
started as a solid S3 to R3. Then Reversed at
R4 and started traverse which I Traded in this
example all the way back to S4 which was my
target. I also added into this trade at R3 as
the bid because extremely imbalanced. I added
using a Free-Roll after we held under VWAP. This
trade was quite profitable at over 10R.
Young/A Complete Day Trading System

Real Trade Example 5a – 1-minute chart of


Netflix Inc. (NFLX), R4 Reversal to S4.

$NFLX here is a great example of stopping


volume. Just after 12:00pm EST there is a fast
move with volume followed by a high-volume
inverted hammer or shooting star. The order book
wasn't bearish enough. So, I didn't enter off
the volume signal. But after I saw a low volume
squeeze back to high of day, I went short with
the order book looking much more bearish. Notice
my fills at even numbered levels. I was
targeting the large orders on the order book.
Young/A Complete Day Trading System

Real Trade Example 5b – 1-minute chart of


Netflix Inc. (NFLX), R4 Reversal to S4 with
Level 2.

This is the same trade on $NFLX as on the prior


page. I wanted to show you what the order book
looked like at the time I entered the trade and
what I was seeing. Notice how 245.00 has a
larger set of orders. If you go back to the
prior page you can see it much clearer. When I
speak of imbalance this is the look you want
from your order book when you are trading short.
Never trade against and order book that looks
like this regardless of where you are in the
pivots.
Young/A Complete Day Trading System

Real Trade Example 6 – 1-minute chart of


Carnival Corporation & plc (CCL), R4 Reversal to
S3.

$CCL opened under R4 with a bearish ladder. In


the opening minute it picked up a lot of volume
and the order book only got more bearish. I
shorted using a new High of Day as my stop loss.
When breakouts fail my favorite target is
Previous Days Close. As my good friend Jarad
calls "The King of All Levels."
Young/A Complete Day Trading System

Real Trade Example 7 – 1-minute chart of Apple


Inc. (AAPL), R3 Traverse to S3.

$AAPL in this trade opened under R3 with a heavy


bid. The opening minute had high volume, but a
held offer (reference page 278) kept attracting
the Market Makers to the price. When the offer
pulled off the order book. The price
transitioned lower to S3. It took to tries to
get in this one. First attempt I went out at
break even after getting a partial. I reentered
shortly after as all factors for the reversal
were still in place.
Young/A Complete Day Trading System

Real Trade Example 8 – 1-minute chart of NVIDIA


Corporation (NVDA), R3 travers to S3.

$NVDA in this trade opened under R3. It opened


with high volume and rejected Premarket High
(the top dashed line) with an inverted hammer in
on high volume. Notice how high the volume
remains on such a small candle. This set an
isolated pivot. I went short on a new 1m low
using a new 1m high.
Young/A Complete Day Trading System

Real Trade Example 9 – 1-minute chart of Tesla


Inc. (TSLA), S4 Reversal to R3 (Entry at S3).

$TSLA in this trade had found a bottom near the


range created by S6 and S4 of the overlayed
camarilla pivots (reference page 93). This is an
area where we are expecting shorts to cover.
After high volume set value just before 11:30
the stock began to squeeze. I entered after it
held VWAP and the S3/S4 range. This was a 3 to 1
trade using S3 as the stop loss.
Young/A Complete Day Trading System

Real Trade Example 10 – 1-minute chart of


Carnival Corporation & plc (CCL), R4 Reversal.

$CCL opened under R4 with a bearish ladder. In


the opening minute there was a lot of volume
that came in and the order book held bearish. I
went short using a new HOD and got a great move
down to PDC.
Young/A Complete Day Trading System

Real Trade Example 11 – 1-minute chart of The


Boeing Company (BA), R4 Reversal to S3.

$BA opening well under R4. I was notified of the


high volume near R4 by my Pivot Scanner called
the Pivot Alerts Bot (@Pivotalertsbot on
Twitter) which sends alerts into the Bear Bull
Traders chatroom or the Pivot Bots Discord.
After the call out the order book was very
bearish. I decided to go short using R4 as my
stop and was rewarded with a nice bit of profit.
Young/A Complete Day Trading System

Real Trade Example 12 – 1-minute chart of KE


Holdings Inc. (BEKE), R4 Breakout with Order
Book.

$BEKE opened just under R4 and started out by


picking up a lot of volume during the opening
minute. I played long when we crossed R4 using
the loss of R3 as my stop. This trade broke out
and ran for a quite a while thanks to the
bullish ladder you can see. Notice at 19.50 the
large ask. You can also notice my order sitting
right in front of it. This was my first target
and ended up being a great trade.
Young/A Complete Day Trading System

Real Trade Example 13 – 1-minute chart of NIO


Inc. (NIO), R4 Reversal with Bearish Order Book.

$NIO opened under R4 with a bearish ladder. In


the opening minute there was very little volume.
This is very typical with our China listed
stocks like $BABA, $XPEV, or $BILI. Be aware of
this during the open few minutes. Don't get
shaken out getting in during the first minute
with low volume. It took a few minutes before
the volume came in. I shorted R4 into this heavy
ladder using R4 as my stop. This trade ended up
making a nice run down through PDC.
Young/A Complete Day Trading System

Disclaimer

The author and PivotMasters,LLC ("the Company"),


including its employees, contractors, shareholders, and
affiliates, are NOT an investment advisory service, a
registered investment advisor or a broker-dealer and do
not undertake to advise clients on which securities they
should buy or sell for themselves. It must be understood
that a very high degree of risk is involved in trading
securities. The Company, the authors, the publisher, and
the affiliates of the Company assume no responsibility
or liability for trading and investment results.
Statements on the Company’s website and in its
publications are made as of the date stated and are
subject to change without notice. It should not be
assumed that the methods, techniques, or indicators
presented in these products will be profitable nor that
they will not result in losses. In addition, the
indicators, strategies, rules, and all other features of
the Company’s products (collectively, "the Information")
are provided for information and education purposes only
and should not be construed as investment advice.
Examples presented are for education purposes only.
Accordingly, readers should not rely solely on the
Information in making any trades or investments. Rather,
they should use the Information only as a starting point
for doing additional independent research in order to
allow them to form their own opinions regarding trading
and investments. Investors and traders must always
consult with their own licensed financial advisors and
tax advisors to determine the suitability of any
investment.

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