S&P500 - Sell validS&P500- sell position now valid.
The entry price, SL and multiple TPs are shown on the chart.
Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter.
What is our strategy?
Our strategy is a trend following strategy, can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term.
The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc.
This could be on your phone trading view app, or laptop of course.
The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy...
What does this mean?
It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management.
The strategy itself can be used as a live trading journal too - how cool is that? The strategy will confirm and support every open and closed position - so its quite easy to follow.
We just have to do what Percy does.
Please see our related ideas below for more information to explain what we do and how it can help you.
Spx500short
Volatility S&P 500 index 1D-TIMEFRAME ANALYSIS 💡Volatility S&P 500 index 1D-TIMEFRAME ANALYSIS 💡
Hello ladies and gentlemen
This is my new idea for VIX
My idea is that VIX will go long to 55 Target
TRUMP TESTS POSITIVE COVID_19 MARKETS DROP
I hope my idea is clear
Support me by like and share
Good luck💰💯
S&P At Unsustainable Levels???For the past 9 years the S&P 500 has not been able to live outside of this channel for long, eventually it's pulled back inside like a metal to a magnet.
Zooming out and viewing from a macro scale I would say we are going to revisit the channel soon possibly after the next leg up around the election or shortly after..
DAX SHORT POSITION/MASSIVE PULLBACK BY GERMAN ECONOMY Hi guys.
Today i'm going to explain why do i expect a massive pullback in German economy.
Technicaly :
* Daily MACD bearish
* Weekly bear crossover projected to happend in a matter of weeks and manifest " in no time" so to say, because DAX index shows signs of SERIOUS WEAKNESS having on mind level (12.7xx index points).
* Wall Street so called " experts" claim that it's impossible to predict time frame, but that's their opinion and it's wrong, that's why I'm the one holding 4 WORLD RECORDS REGARDING STOCKS :)
-2676 billion $ SHORT on SPX
- 5000 billions $ SHORT on SPX
-25.000 billion $ SHORT on SPX
-40.000 billion $ SHORT on SPX
Here is 25.000 billion USD SHORT on S&P500 posted on January 30th (few days before collision from 3400---->2200 index points).
REGARDLESS OF HOW MUCH THEY ARE PAID, they don't have a clue and everything they do is "scalping" with large margins and nothing but that :)
YES, I CAN LAUGH THEM AT THE FACE AND PROVE THAT I M NUMBER 1 IN THE WORLD WITHOUT BEING MODEST, BUT ONLY OBJECTIVE AS ALWAYS.
Short your positions with marging which could go up to X10 (but super "safe play") is X4, X5 leverage.
Don't exagarate, don't blow your margins.
Once again, German economy is in front of massive collision (we've seen signs of serious weakness in March) when DAX sank to 8000 index points).
ECB in Frankfurt is trying to maintain liquidity with stimulative package of 750 billion euros + additional 250 billion euros which is only delaying of IMMINENT collision.
Please, don't buy on top, clear your positions and you will be more than good.
Thanks for reading and good luck to everyone following my Technical and Fundamental analysis.
Don't listen to guys who tell you it's " buy time" because ITS NOT !!!
Cheers.
From Serbia with love
Rocky Roads Ahead for SPXFor every one that wants a quick analysis. Basically, SPX is going to be bouncing in this 3400-3205 range for a little while. I believe that we are entering into a consolidation period before a big move. To early to tell which way it is going to go.
For everyone that wants a more detailed analysis here it is. SPX broke through its major support line, the grey line on the graph, which then made the pink line the new support. However, it broke through that new support which created a nice price channel, represented in purple, which was somewhat quickly broken through. The break through was very bullish. As seen it was a big gap up and closed very green. However, since then it has been fighting the new support, now resistance, and the 50 MA. On top of that we also have a strong resistance area at 3400. Now today we tested getting over that pink line resistance, the 50 MA, and almost tested 3400 but it failed. This in my opinion is not a great sign. I'd put my money on a pretty bearish day tomorrow. We are going to stay in this new horizontal price channel, represented by green, for possibly up to a few weeks if there is no clean break out soon. I'd expect it to be very consolidated unless some miraculous news comes out. If you are trading keeps those stop losses tight.
Happy trading
S&P 500 1W-TIMEFRAME ANALYSISS&P 500 1W-TIMEFRAME ANALYSIS
Hello ladies and gentlemen
This is my new idea for SPX
the price will test 3130 daily support
My idea shows the possibility of breaking this support
But be relaxed
Real support is between 2970 and 3030 It would be good to test it
From there we will start the bull market
I hope my idea is clear
Support me by like and share
Good luck
SPX500 and ANOTHER DIP before it goes UP!Hey tradomaniacs,
SPX500 is testing a very great zone to sell as we might see lots of bearish confluence here.
Orderbook still showing bulls to protect the previous buy-zone but now we see more sell-stackings incoming.
We might see another dip down before it actually goes up again.
I still trade SPX500 with my hedge-strategy and use these chances to stack shorts before I go long again if we get confirmation for this idea.
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
S&P falling in a accelerated phaseS&P
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Good day friends Hope you all like our analysis do follow our profile so that you can get every new updates and trade related tips and ideas
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The S&P was declining in a accelerated phase as compared with the recent stocks rally .The deeper correction has started on September 03 And the index value fall below the .50 Fibonacci retracement And even felled below the 0.618 Fibonacci retracement
The series of Higher high , Lower low , Lower high and Lower low pattern was forming in a downward parallel channel
The index value also falls below the 03 Moving averages and the potential target would be around 3100.00
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Kindly share your ideas and thoughts in below comments section
Time to finish this downtrend and start move for ATHsWith more data available, I am further homing in on the next reversal point and end of Intermediate wave 4. Due to prior projections and EW guideline violations, this forecast should finally find the end. It looks like Minor waves A and B are both completed. I am still projecting a gain early on Monday, but further downward movement during most of the week. All told I am expecting this week to move down at least 209 points from Friday’s close to the low point of this week. This would equate to a 6.31% drop, during the remainder of Minor wave C if it occurred. Minor wave A dropped 7.74% in 40 hours of trading at the beginning of September. This would see Minor wave C dropping 9.30% in roughly 40 trading hours.
The information below is slightly different from a similar forecast I provided earlier this month which at the time assessed Minor wave A to have lasted 40 trading hours, and waves B and C were estimations based on those 40 hours of movement.
What Minor wave A did:
It lasted 40 trading hours (6 trading days) and dropped 277.64 points. The rise over run (R/R) of this was a loss of approximately 6.941 points per hour. On average, A waves tend to make up 36% of the larger wave it resides in (Intermediate wave 4 in this instance). This means Intermediate wave 4 could last around 102 trading hours. At that time of this writing, Intermediate wave 4 is at least 75 hours long with additional time to go.
What Minor wave B did:
It lasted 22 trading hours (3 trading days) and gained 118.45 points. The rise over run of this was a gain was approximately 5.384 points per hour. On average, B waves tend to make up 21% of the larger wave they reside inside. This means Intermediate wave 4 could last around 102 trading hours. This conforms with wave A’s typical makeup of the larger wave as well.
MINOR WAVE C Estimations:
Length: Wave C should last around 40 hours. This is based on wave A making up about 39.22% of the larger wave and wave B providing 21.57% of the larger wave. This would leave wave C to make up the remaining 39.22%, which is also 40 hours. On average, waves A and C in the same wave are almost equal in length. This would also tie the maximum move that has occurred during specific Intermediate and Minor waves (Intermediate wave 4, Minor wave C) in the history of the S&P 500.
Movement: On average, the typical relationship of movement between A and C waves is 0.8632 which would equate to a drop around 3107. Wave B’s retracement of wave A’s movement is typically 0.37909 that of wave C’s extension of wave A’ s movement. This would equate to a drop around 3116.46.
The 5 wave down pattern estimations are based on Minor wave C moving 40 hours and down to roughly 318.92 from the end of Minor wave B. All estimates are based on the average of the average and median for each item.
Wave 1 typically lasts 27.85% of the larger wave it resides in. Wave 2 is around 10.80%, 3 is 36.45%, 4 is 6.33%, and 5 is 17.64%. Wave 1 typically moves 41.58% of the overall larger wave’s movement. Wave 2 is 19%, 3 is 56.5%, 4 is 22.22%, and 5 is 43.69%. This means wave 1 could last 11 hours and drop 132.61 points. Wave 2 could rise 60.59 points over 4 hours. Wave 3 could drop 180.19 points over 15 hours. Wave 4 could rise 70.86 points over 2 hours, and wave 5 could drop 139.34 points over 8 hours. This would have the ultimate bottom around 1230 on September 24 near 3108.24.
Before trading closed on Friday, wave 1 was likely completed. Even though the estimate was for wave 1 was a drop to 132.61 over 11 hours, it appears wave 1 found a bottom at 3292.40 (a drop of 136.52) over 13 hours which is 2 hours longer than forecasted. This could slide all of the following waves to the right by 2 hours. This could mean the market opens high or hits an early morning high around 3350, or wave 2 has already completed and the next 2 days will be down significantly.
Let’s get ready for another week of volatility. My guess is another down week. I still think we will see all-time highs in October before a nice 700+ point plunge beginning in November