[Long or Short?] Feb 3 - Feb 7
Hello, guys!
Before starting the analysis, I want to announce what I said last week.
I told you that I was set up the automated trading forex. It is through MT4.
I finished the backtest and working on real-trade. It will take 3 weeks more.
When I finish the real-trade one month, I will let you know when it will show the result.
if you want to join in, please DM to me.
Back to SPX, 3 of my indicators are showing the short, one of major indicators still show the long position.
It is mixed signal, but I trust my indicators even if it shows only 75% confirmation.
It depends on what you believe. It is totally up to you followed as like me or use it as advice.
Thus,
If you play in margin/future market, small portion of long position with 7-10% Stoploss would be good for now.
If you play in regular stock market, 10-15% of budget as long will be good enough at this moment.
I hope you have a great week!
See you next weekend :)
Before starting the analysis, I want to announce what I said last week.
I told you that I was set up the automated trading forex. It is through MT4.
I finished the backtest and working on real-trade. It will take 3 weeks more.
When I finish the real-trade one month, I will let you know when it will show the result.
if you want to join in, please DM to me.
Back to SPX, 3 of my indicators are showing the short, one of major indicators still show the long position.
It is mixed signal, but I trust my indicators even if it shows only 75% confirmation.
It depends on what you believe. It is totally up to you followed as like me or use it as advice.
Thus,
If you play in margin/future market, small portion of long position with 7-10% Stoploss would be good for now.
If you play in regular stock market, 10-15% of budget as long will be good enough at this moment.
I hope you have a great week!
See you next weekend :)
Note
I just realized that I wrote down the wrong description.Long is correct, 3 indicators show long, and 1 indicator shows short.
75% confirmation as long.
Sorry to give confusion.
Thanks.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.