S&P 500 Index
Long
Updated

SPX bullish bat

363
strong bullish signals on a strong support

this rise can be a pull back before falling down or continue to go up


after falling sharply , I think price need to change the trend momentarily
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on lower time frame it seems like price is forming a double bottom

i'll wait for this 1h to close before thinking to enter
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I'm going long now (only 6min before that 1h candle close)

snapshot
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break even hit
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shorted from here, it's breaking the support

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retry with 2% this time
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and let it run don't take half at 1:2 but at 1:3 this time

don't hesitate to put SL when 1:1.5
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take half, and it compensate the last loss : +171, -57

AB : 5884 + 114 = 5998$
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Took half of half on gold because price is stagnating and spx is dropping (1:1.8) : +39

AB : 5998 + 39 = 6037$
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buy the EURUSD
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snapshot
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Take half of half on SPX (1:7) : +200

AB : 6037 + 200 = 6237$
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ADD to short inside bar break down on 30m time frame , risk only 1% this time, we protect the capital

snapshot
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Short oil because it broke the support and pullback to it

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take half of EURUSD , it reached 1:1.7, almost 1:2 : + 49

AB : 6237 + 49 = 6286$
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short gold

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take half on second SPX trade (1:2 reached) : +57

AB 6286 + 57 = 6343$
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take half of the resting profit on the SPX first trade (reached 1:12 !!!!) : +171

AB : 6343 + 171 = 6514$
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Take half of usoil trade (1:1.5 reached) : +43

AB : 6514 + 43 = 6556$
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Take the rest of first spx trade because price is on strong support and seems to hold

AB : 6556 + 140 = 6695$
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RESHORT (bearish pinbar)

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short usdjpy

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short usdcad

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That's all for today, now we gonna take some profit at 1:2 or more for the holding trade but no more trade will be active today
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took half at 1:1.5 on last spx trade, don't have the time to took it at 1:2 because wasn't looking price : +43

AB : 6995 + 43 = 7038$
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sorry it's 6878$, made a mistake

too much trading for me today
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Take the rest of profit of first gold trade and take half of the second : +110

AB : 6878 + 110 = 6988$
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RESHORT SPX

snapshot
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compensate the loss by taking all the profit on EURUSD, USOIL, and gold : + 78
loss on USDJPY and SPX: - 114

AB : 6988 - 36 = 6952$
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short GBP, short SPX

snapshot
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EURUSD shorted

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Take the restof the first spx trade to compensate the loss on second SPX: + 43, -57

AB : 6952 - 14 = 6938$
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Short spx (inside bar about to breakdown) and indecision doji leading to a possible bearish trend continuation
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short spx
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loss on USDCAD and EURUSD compensated by taking half on first spx trade and GBPUSD trade

no take half of the second spx trade (1:2.5)

AB : 6938 + 57 = 6995$
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spx take half resting of first spx trade + hit retrail stop on second spx trade : + 128

AB: 7009 + 128 = 7137$
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RESHORT (inside bar)

snapshot
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short eurusd
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Took 1:2 on SPX : +57

AB : 7137 + 57 = 7194$
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take half on first trade resting profit and take half second resting profit : +107

AB : 7194 + 107 = 7301$
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in theory we could end the day here because we already made 5%

will think about it
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Hit retrail stop for first and break even for second

AB : 7301 + 40 = 7341$
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short AUDUSD (structure pullback)

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Short spx (pullback to inside bar)

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long usdcad (pullback to support)

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short gold (stayed below resistance)

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short spx (inside bar)

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2 spx losses , I stop trading
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if everything goes good (we don't lose capital) , we reached the goal of taking out 2000$ of the market at this end of month !

4 months winning now !
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Shorted (bearish engulfing)

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short gbpusd

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Hold it till 1:3 or 1:4 to compensate the loss of the morning
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long usdjpy, that's all for today

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1:4 but keep holding
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take half and compensate the losses of the morning
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reshort audusd it hit break even
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took half on usdcad to compensate the loss on USDJPY

account still the same
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take half on AUDUSD

AB : 7341 + 57 = 7398$
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took the rest of profit on SPX

AB : 7398 + 120 = 7518$
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Short SPX (inside bar)
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snapshot
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take half on resting profit on AUDUSD (1:4 reached)

AB : 7575 + 57 = 7632$
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Took half on spx trade (1:4 reached)

AB : 7632 + 114 = 7746$
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take half of resting profit on USDCAD (1:3 reached) : +43

AB : 7746 + 43 = 7789$
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added to short on SPX (inside bar)

snapshot
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Took half on gbpusd and gold. took half of half on USDJPY, took half of resting profit on AUDUSD : +57, +57 , +140, +78
1 loss on EURUSD : - 57

AB : 7789 + 275 = 8064$
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reshort spx

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reshort audusd

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short gbpusd (inside bar)

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Take the rest of profit on USDJPY and compensate the SPX loss: +94 , -57

AB : 8064 + 37 = 8101$
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Take the rest of profit on SPX (1:5 reached): +118

AB : 8101 + 118 = 8219$
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loss on AUDUSD , compensate by taking rest of the profit of the first trade (1:5.5) : +39
and take half of half on gold (1:6) : +143

AB : 8219 + 125 = 8344$
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awesome performance for this month, even with the drawdown of 10 days.

learnt a lot of things and I'm really happy to say you that we overperformed. we got more than expected
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theorical paycheck tonight !!

more or less 2700$ !
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take the rest of USDCAD

AB : 8344 + 24 = 8368$
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Let's take the theorical paycheck now. a little recap before:

First month we took out : 450$ ( from 1000 to 1900$)
the second month we took out : 1382$ (from 1450 to 4215)

and now the first month. we begun with 2800$ and actually have 8368$. An other 200% performance.

let's calculate now : 8368 - 2800 = 5568$ now we divide this results by 2 to get the pay check : 5568 / 2 = 2784$

we won enough money to live really comfortably, that's awesome. and the most beautiful about that is we can even save money from that paycheck after paying all the necessity to live (rent of department, food, internet, etc) and after paying some pleasure ( a beer in a bar, a fast food/restaurant, clothes).

that's impressive. I don't even think we will get to that this month but we did it :)


Now we will planned for the next months:

we stay with 25% average goal weekly performance. we still readjust the risk per trade every week and we still can take out half of profit at the end of the months

Will just make a small modification on risk per trade to have more realistic gains, less drawdown/stress. Instead of risking 2% we will risk 1% per trade

MONTHLY GOAL PERFORMANCE FOR MARCH -> we want to be able to take out of the market at least 3000$ !

have a nice week end ! see you later

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