Long

US500 (SPX) Outlook 4/10

By akhena10fx

Updated

Bullish on indicies, but expecting price to do a little dance first. these are the areas im watching.

Note

long of the hourly OB

Note

still in this, gave it room to the invalidation of the OB and added a second position.

Note

STOP "entering early" your entry schematic is both lower risk AND usually higher RR. There is zero reason to enter early as if it is going to play, you will be given entry. wait for the first 15min OB to form.

Note

going breakeven-ish

Note

Going fully break even.

Note

had to give it room. hasnt been the most fun ride lol.

Note

TP1 hit.

Note

reducing final TP, Sl moved to profit.

Trade closed: target reached

TP2 hit. Fully closed out.

Note

Short on SPX

Note

giving it breathing room so spread doesnt take me out.

Note

might be on the wrong side here, but jut going to let it play out.

Note

manually closed.

Note

short again.

Trade closed: stop reached

was stopped out during london. good thing too because CPI was not on my side and would have slipped me had the trade been open. was baited into this trade. wasnt an opportune time to be trading anyway.

Note

i am pretty certain a big short is coming for last week's low. Just need something to confirm it.

Note

first attempt here off a 5min breakdown, we are in deep premium so a riskier approach is justified. will likely attempt one more time if this fails.

Note

this is what i would want to see play, but lets see what actually develops.

Note

very nice reaction. SL at break even. If we trade below the low before news i will be looking to add to this short.

Note

pretty major retracement. willing to give it back full risk. okay with being stopped out if price wants to put in another high.

Note

alright now im way more comfortable with SL at BE and wont be moving it.

Note

still looking to add.

Note

adding here.

Note

didnt get the opportunity to add. will leave trade on the market for a bit longer. an absolutely glorious rejection candle is printing on the 12H.

Note

deleting second position. price has moved too far away for my liking.

Note

pretty confident this completes however this balanced range could cause problems. OR price could pass through it and use it to keep pushing down. Leaving TPs as is for now.

Note

will add here if tapped in

Note

tapped into second position. changed RR

Note

No more entries off breakers, all breakers need a confirming OB prior to entry.

Note

stopped out second position, still holding first.

Note

NAS was so much better behaved than SPX today.

Note

got a little carried away today. Should have closed first position or taken most of around 5R and looked for opportunities after that, that would have been the proper risk averse approach. Still holding initial position.

Note

back on the move.

Note

stop moved to the daily open price.

Note

Yea not giving anything back here, moving my SL to sandwich price with my TP for my 80% position.

Note

80% off, 20 running to final TP.

Note

while i took profit early it's ecnouraging to see how sensitive price was off the outer ends of the TP range.

Which was based on a 4H orderblock.

Note

runners stopped out in profit at weekly open. Trade fully collapsed.

Note

I really dont see price making it through this balanced range area. Taking a short position in SPX.

Note

updated with TPs

Note

initial reaction is favorable, but not out of the weeds till the daily turns bearish.

Trade closed: stop reached

Note

will see what PM session brings

akhena10fx

Let the algo show you its hand.

Also on:

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.