AGAIG: Supplemental Income Strategy Using One Trade Per Day With Charts For ThinkOrSwim

[csricksdds]

We're used to being hated! I treated children but became an anesthesiologist first so I could put them to sleep. Children are great when they're asleep

Oh yes and I'm glad the trades worked for you.

 

[picasso11205]

Oh yes and I'm glad the trades worked for you.

When I read the initial write-up above describing the strategy, I immediately thought of @csricksdds describing a procedure to a patient and putting him/her at ease. Great bed$ide/chair$side manner, doc. You're still doing "extractions" and "fillings"--helping us "extract" money from the market and "fill" our pockets!

 

[antwerks]

Oh yes and I'm glad the trades worked for you.

Maybe over analyzing but I was just venturing in a broader picture and see that COIN and ALAB have crossed a Low Volume zones and now consolidating in a "older" high volume zone area. this is initiating some consolidation after some big moves - coiling and compressing so choppy price action is perfect for this strategy. Both using a new FVG as support- schweet

https://imgur.com/p57ybq4

https://imgur.com/3GpwJQJ

 

[antwerks]

Maybe over analyzing but I was just venturing in a broader picture and see that COIN and ALAB have crossed a Low Volume zones and now consolidating in a "older" high volume zone area. this is initiating some consolidation after some big moves - coiling and compressing so choppy price action is perfect for this strategy. Both using a new FVG as support- schweet

https://imgur.com/p57ybq4

https://imgur.com/3GpwJQJ

I am seeing more potential for a major pop in COIN than ALAb though they both look good for trading the extremes within the ranges.

https://imgur.com/lLnfIBs

https://imgur.com/L3KYEpN

 

[csricksdds]

When I read the initial write-up above describing the strategy, I immediately thought of @csricksdds describing a procedure to a patient and putting him/her at ease. Great bed$ide/chair$side manner, doc. You're still doing "extractions" and "fillings"--helping us "extract" money from the market and "fill" our pockets!

Actually extracting wisdom teeth is easier than extracting money from the market but both work if you have the right instruments (indicators)! Thanks for your nice comment.

 

[AlAbed]

I am seeing more potential for a major pop in COIN than ALAb though they both look good for trading the extremes within the ranges.

https://imgur.com/lLnfIBs

https://imgur.com/L3KYEpN

How did you add the volume profile to the chart? Thanks.

 

[antwerks]

How did you add the volume profile to the chart? Thanks.

It is the TOS version just add it like any other indicator expand the right side to about 50 and wha-la

 

[antwerks]

Actually extracting wisdom teeth is easier than extracting money from the market but both work if you have the right instruments (indicators)! Thanks for your nice comment.

wow nice 3 day winning streak using this- META ALAB MSTR MRVL and FSLR for me today - I love the chop!

 

[antwerks]

Again with @csricksdds set up with ALAB (again) ALAB in AM - GOOGL and afternoon with some COIN and /ES all day - I did not get to CRWD but it did the same as COIN - big signal after lunch for puts on HD but did not play those - great week folks!!! Thank you Doctor and Team!!!

 

[picasso11205]

Again with @csricksdds set up with ALAB (again) ALAB in AM - GOOGL and afternoon with some COIN and /ES all day - I did not get to CRWD but it did the same as COIN - big signal after lunch for puts on HD but did not play those - great week folks!!! Thank you Doctor and Team!!!

It did not work for me today. I used the AGAIG 10 min chart to enter an ATM call MSTR 5/1 172.50. The bubble flashed long and the histogram bar was green. This was around 1015AM, first signal of the day after 10AM as per instructions on the AGAIG threads. Soon after entering the position dropped precipitously and never really approached the strike again. I exited after about 3 hours for a 15pct loss. Any advice and guidance would be appreciated. @antwerks, if you are able to post your charts with some of the great trades you made today that could be really helpful for the rest of us.

 

[antwerks]

It not work for me today. I used the AGAIG 10 min chart to enter an ATM call MSTR 5/1 172.50. The bubble flashed long and the histogram bar was green. This was around 1015AM, first signal of the day after 10AM as per instructions on the AGAIG threads. Soon after entering the position dropped precipitously and never really approached the strike again. I exited after about 3 hours for a 15pct loss. Any advice and guidance would be appreciated. @antwerks, if you are able to post your charts with some of the great trades you made today that could be really helpful for the rest of us.

MSTR was a tough play today if you did not recognize the structure and trend. it started out overnight choppy, Asian markets are usually calm but today was different, as the chop continued into the London open, London drove a higher high before open in what looks like a liquidity trap. 7:30 started the unloading and when the market opened it was in a down trend, bearish volume and candles. We hold the 15-30 minutes (up to you) opening range, so things can clear out some and you can see we have an Open range breakout low fortifying the bearish sentiment and direction. NO CALLS unless you are selling them. Buying Puts would have been in order here. Heikin Ashi candles all red, price below the 20EMA, Power trend is throwing red arrows, price action making lower lows. 2 big liquidity sweeps at 2A with TMO entering extreme low. 2B shows TMO lifting out of extreme signaling green, HA candles flickering red/green then going green price action making higher lows. You could have sold the puts here or wait for solid green HA candles and green arrows. That play would have been a 3-4 point move and satisfied the criteria. And i use the 5 minute charts for entries. and because its friday I would be ITM options to alleviate theta and gamma.

https://imgur.com/UNQlAdE

 

[picasso11205]

MSTR was a tough play today if you did not recognize the structure and trend. it started out overnight choppy, Asian markets are usually calm but today was different, as the chop continued into the London open, London drove a higher high before open in what looks like a liquidity trap. 7:30 started the unloading and when the market opened it was in a down trend, bearish volume and candles. We hold the 15-30 minutes (up to you) opening range, so things can clear out some and you can see we have an Open range breakout low fortifying the bearish sentiment and direction. NO CALLS unless you are selling them. Buying Puts would have been in order here. Heikin Ashi candles all red, price below the 20EMA, Power trend is throwing red arrows, price action making lower lows. 2 big liquidity sweeps at 2A with TMO entering extreme low. 2B shows TMO lifting out of extreme signaling green, HA candles flickering red/green then going green price action making higher lows. You could have sold the puts here or wait for solid green HA candles and green arrows. That play would have been a 3-4 point move and satisfied the criteria. And i use the 5 minute charts for entries. and because its friday I would be ITM options to alleviate theta and gamma.

https://imgur.com/UNQlAdE

Thanks so much for the feedback. I did my best to follow the exact instructions in the first post by @csrickdds as well as the other instructions in the other AGAIG threads. You are probably right about it being a Friday and things not moving as they would normally. I think I will switch to the 5 minute time frame. I am not sure that the 10 min time frame can constantly capture the quick moves that we are looking for with these volatile, big ATR tickers. How did you pick the tickers you traded today? Do you have a watchlist/grid with stocks that you are monitoring for use with the strategy?

 

[antwerks]

Thanks so much for the feedback. I did my best to follow the exact instructions in the first post by @csrickdds as well as the other instructions in the other AGAIG threads. You are probably right about it being a Friday and things not moving as they would normally. I think I will switch to the 5 minute time frame. I am not sure that the 10 min time frame can constantly capture the quick moves that we are looking for with these volatile, big ATR tickers. How did you pick the tickers you traded today? Do you have a watchlist/grid with stocks that you are monitoring for use with the strategy?

Big reminder on those bubbles, they POP! Meaning they are "REPAINTING" meaning that due to the calculations of the signal and relying on future data they can disappear a few bars later. Causes can be from using future data ([ -1 ], highest(), lowest()) or ZigZag-style logic and even some other custom scripts. csricksdds even says "Do not solely rely on these, they are just to get your attention that something is happening that may be worth a look." That is why his chart is full of other indicators, that when convergence happens between them, there is a good chance of becoming a buy or sell situation. None of the indicators or signals are directly a buy or sell directives, but together they make a good case of a potential trade.

More than anything though the downward trend should be a warning and any uptick is suspect if it does not change structure. You need to identify potential candle action like at 10:30-10:40, this was just one or two candles with no support of validation (except a disappearing bubble), plus a long upper wick in the 2 green candles to me says sweep or bulls tried, but bears absorbed; and then no structure break and price falls back into the trend. So, a bullish attempt in a bearish downtrend. You would not have another signal fake or otherwise the rest of the day. The other indicator, the TMO was not at the extremes, so no signal there, price under VWAP, price below 20EMA, price very below opening range and below previous day low and hugging low support. Sideways trending midday till close, low volume and higher timeframe bearishness. NO TRADE!!!

https://imgur.com/NQjcpNo

I need to develop a scanner for this set up but here are some that might help. There are a bunch one her that fit this bill

https://tos.mx/!8xR8isoV HALO_SCANNER
https://tos.mx/!hMatVmKs ATR +5
https://tos.mx/!Pd6rg4bZ WHITE CANDLE BO

 

[antwerks]

Thanks so much for the feedback. I did my best to follow the exact instructions in the first post by @csrickdds as well as the other instructions in the other AGAIG threads. You are probably right about it being a Friday and things not moving as they would normally. I think I will switch to the 5 minute time frame. I am not sure that the 10 min time frame can constantly capture the quick moves that we are looking for with these volatile, big ATR tickers. How did you pick the tickers you traded today? Do you have a watchlist/grid with stocks that you are monitoring for use with the strategy?

What your workflow should look like
Pre-market (10–15 min)

1. Identify strong sector (QQQ / XLK / SMH)
2. Run scan
3. Pick top 5–10

Market open

1. Watch which ones:
   • Hold trend
   • Get volume
   • Respect EMA

Execution

1. Use YOUR system: (everyone's different, but this one has-)
   • Peak / histogram / TMO alignment
   • HA candles/power trend/ORB/previous day hi and lo
   • Only trade when ALL line up

If you were to build a scanner look at this set up:

Scan 1: High Liquidity + Movement
Filters:

• Price: $20 – $500
• Volume: > 5,000,000
• Avg Volume: > 3,000,000
• ATR (14): > 2.5 (or higher depending on price)
• % Change: > ±2%

This gives you: stocks that actually move

Scan 2: “In Play” Stocks (Catalyst)
Add:

• Earnings: within 0–2 days
• OR % Change > 3–5%

These are: institutionally active names

Scan 3: Options Liquidity (manual check after scan)
You want:

• Tight spreads (like $0.05–$0.20)
• High open interest
• Weekly expirations

Typical names: AAPL, NVDA, TSLA, AMD, META, GOOGL, MSFT

Step 3: Narrow to your “5–10 names”

After scans, (you don’t trade 50 stocks), you pick 5–10 based on:

• Clean trend (above/below 20 EMA)
• Respecting levels
• Good intraday structure
• Not choppy garbage
• active past and current volume

 

[picasso11205]

What your workflow should look like
Pre-market (10–15 min)

1. Identify strong sector (QQQ / XLK / SMH)
2. Run scan
3. Pick top 5–10

Market open

1. Watch which ones:
   • Hold trend
   • Get volume
   • Respect EMA

Execution

1. Use YOUR system: (everyone's different, but this one has-)
   • Peak / histogram / TMO alignment
   • HA candles/power trend/ORB/previous day hi and lo
   • Only trade when ALL line up

If you were to build a scanner look at this set up:

Scan 1: High Liquidity + Movement
Filters:

• Price: $20 – $500
• Volume: > 5,000,000
• Avg Volume: > 3,000,000
• ATR (14): > 2.5 (or higher depending on price)
• % Change: > ±2%

This gives you: stocks that actually move

Scan 2: “In Play” Stocks (Catalyst)
Add:

• Earnings: within 0–2 days
• OR % Change > 3–5%

These are: institutionally active names

Scan 3: Options Liquidity (manual check after scan)
You want:

• Tight spreads (like $0.05–$0.20)
• High open interest
• Weekly expirations

Typical names: AAPL, NVDA, TSLA, AMD, META, GOOGL, MSFT

Step 3: Narrow to your “5–10 names”

After scans, (you don’t trade 50 stocks), you pick 5–10 based on:

• Clean trend (above/below 20 EMA)
• Respecting levels
• Good intraday structure
• Not choppy garbage
• active past and current volume

Everything you say is absolutely 100pct on point. The re-painting indicators cannot be relied on by themselves as entry points. But note that this is a feature of the whole AGAIG setup--"enter or exit only when 2 or more indicators agree." Even the write up above says that for the friend in California who is seeking supplemental income. So it would seem that entry alone based on 2 or or more indicators is not enough. Instead, more selectivity as to the actual ticker using the steps outlined above is necessary. Are you able to post your chart with the "PD low" etc as seen in the image above? I don't recall seeing that in any of the AGAIG charts although I could be wrong about that. Thanks for the detailed analysis of why my trade on MSTR did not work.

 

[useThinkScript]

@picasso11205
You’ll notice that @csricksdds’s stock picks are tightly correlated with SPY, so they naturally ride the trend of the day.
When SPY pushes, those names get pulled along — the index provides the momentum.

$MSTR is the opposite.
It has no meaningful correlation to SPY or /ES because its price action is driven almost entirely by Bitcoin, not equity index flows upon which these charts rely.

 

[antwerks]

@picasso11205
You’ll notice that @csricksdds’s stock picks are tightly correlated with SPY, so they naturally ride the trend of the day.
When SPY pushes, those names get pulled along — the index provides the momentum.

$MSTR is the opposite.
It has no meaningful correlation to SPY or /ES because its price action is driven almost entirely by Bitcoin, not equity index flows upon which these charts rely.

Excellent point !!!
For almost every stock, there’s an underlying primary driver that dictates its behavior, whether it’s an index, commodity, rate environment, or macro flow. SPY drives broad equities. BTC drives names like MSTR and COIN. Oil drives energy. The edge comes from identifying that “lead instrument” and using it as a forward signal rather than reacting to the stock itself. Macro to micro!

*** and if trading the likes of the SP500 or Nasdaq and QQQ we should check the opposite to get the inner feel or breadth or internal strength of that market.

 

[antwerks]

@picasso11205 For a time while trying this out you may want to just check with an indicator you have confidence in to just double check. If you are unsure of one, the ADX is a tried-and-true indicator to help in determining direction and environment filter. For example on how I use it:
Rule 1 — Trade ONLY when ADX supports it
ADX < 20 USUALLY NO TRADE (chop - at least make an informed decision)
ADX 20–25 setup forming
ADX > 25 trend valid (SOMETIMES LATE ENTRY BUT VALID)

Rule 2 Combine with this system
Example LONG:

• Price above EMA -good
• Histogram turning up- good
• TMO bullish- good
• ADX rising / > 20 - good

That’s high-quality trade

Example SHORT:

• Price extended- wait
• TMO rolling over- wait
• Histogram weakening- wait
• ADX still high- WAIT

That’s “strong trend with possible exhaustion maybe a reversal setup”

Looking at MSTR from open to 10:30AM we can see using the ADX that at open DI- (negative directional indicator) was above DI+ (positive directional indicator) signaling bearish with the yellow ADX line rising confirming strengthening of that trend. Histogram falling TMO rolling over "negatively" so already we are thinking bearish price action. Headed to 10:30AM not once did DI- let up, ADX just got stronger as the histogram got into a "Drunken Sailor" mode and TMO stayed in the extreme "bearish" zone. Even at 10:30 to 10:40 with the only indicator (TMO) kinda waking up it was still in the Neutral zone and as any good Federation ship captain knows "Never enter into the Neutral zone!" ADX was the "strongest" filter here.

https://imgur.com/jS1bWSw

unlike let's say NVDA

https://imgur.com/d7nmRkf

here is the ADX script - remember to name and save it to a name you can remember
https://tos.mx/!QB9JByvI

 

[antwerks]

I'm relatively new to options trading and spending a lot of time learning the intricacies of this new universe. I've found this community to be a treasure trove of smart people and information.

Instead of buying contracts, could this strategy work equally well selling contracts given a smaller (starting) account?

Buying Calls --> Selling Puts
Buying Puts --> Selling Calls

If not, I'm a sponge and will appreciate hearing more...

@JK1 You could but not ATM or at least I would not. The basic direction is correct BULLISH is buying calls and or selling puts and BEARISH is buying Puts and Selling Calls - same - Now realize that this script set up is for very short term You can use this for swings and even longer term but there would be more research involved as the timing is different for those strategies.

 

[picasso11205]

@picasso11205 For a time while trying this out you may want to just check with an indicator you have confidence in to just double check. If you are unsure of one, the ADX is a tried-and-true indicator to help in determining direction and environment filter. For example on how I use it:
Rule 1 — Trade ONLY when ADX supports it
ADX < 20 USUALLY NO TRADE (chop - at least make an informed decision)
ADX 20–25 setup forming
ADX > 25 trend valid (SOMETIMES LATE ENTRY BUT VALID)

Rule 2 Combine with this system
Example LONG:

• Price above EMA -good
• Histogram turning up- good
• TMO bullish- good
• ADX rising / > 20 - good

That’s high-quality trade

Example SHORT:

• Price extended- wait
• TMO rolling over- wait
• Histogram weakening- wait
• ADX still high- WAIT

That’s “strong trend with possible exhaustion maybe a reversal setup”

Looking at MSTR from open to 10:30AM we can see using the ADX that at open DI- (negative directional indicator) was above DI+ (positive directional indicator) signaling bearish with the yellow ADX line rising confirming strengthening of that trend. Histogram falling TMO rolling over "negatively" so already we are thinking bearish price action. Headed to 10:30AM not once did DI- let up, ADX just got stronger as the histogram got into a "Drunken Sailor" mode and TMO stayed in the extreme "bearish" zone. Even at 10:30 to 10:40 with the only indicator (TMO) kinda waking up it was still in the Neutral zone and as any good Federation ship captain knows "Never enter into the Neutral zone!" ADX was the "strongest" filter here.

https://imgur.com/jS1bWSw

unlike let's say NVDA

https://imgur.com/d7nmRkf

here is the ADX script - remember to name and save it to a name you can remember
https://tos.mx/!QB9JByvI

Thanks so much. I will add the ADX. I think the strategy is still valid but there are many more aspects to monitor/integrate than entry based on 2 or more of the re-painting indicators.