Trade high-probability trend days — intermediate difficulty
The LE Model Strategy is designed for trading 0DTE options on SPY, QQQ, and IWM. It focuses on high-probability 'trend days' and avoids 'chop days'. The strategy enters trades on pullbacks to predefined price levels or EMA retests, aiming to capture large moves. Its strength lies in selectivity, but it lacks explicit stop-loss and profit-target rules.
The strategy suits 0DTE options on SPY, QQQ, and IWM, particularly during high-velocity trend days. It is suitable for small accounts and prop firm challenges due to its defined risk structure.
The LE Model Strategy is based on the concept of trading only on 'trend days', which are days where the price breaks beyond the prior day's high or low and forms a new larger range. This strategy aims to improve trade quality by only trading on these high-probability days.
The strategy's core concept is to trade only on days where the daily chart structure aligns with the trend direction. It uses a strict entry hierarchy, starting with levels (previous day's high or low) and then EMAs (exponential moving averages).
The strategy trades 0DTE options on SPY, QQQ, and IWM. It requires a clear outside day, strong directional move, and market breadth alignment. The daily chart determines whether to trade, and the 10-minute chart determines where to enter.
The strategy has specific entry rules, including level retest and EMA retest entries. It also has rules for long and short entries, based on the trend direction and price action.
The strategy emphasizes day selection as the primary risk filter. It also mentions position sizing, re-entry rules, and chop vortex prevention. However, it lacks specific guidance on stop-loss distance, profit targets, and position sizing.
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