S&P500 ready to go down down?After the corona recovery we topped back out above previous highs with a small shack off on new price discovery.
As ridiculous of a move as it was it had back bone and was a pretty consistent or strong growth trend, but that shake out broke trend and the second recovery has failed to make a higher high.
So now im purely looking at market structure change and looking at this current short term trend to create a lower low on the daily giving me confidence that the market may finally be starting to shift.
Are we getting ready for a big hit?
Indicies
The CBOE Market Volatility index (VIX) The CBOE Market Volatility index (VIX) rose for the eighth time in nine sessions, and was last up 2.8%.
SPY500 SENTIMENT IS PUSHING SPY HIGHER.
TREND FOLLOWING IS KEY..
WINNING ATTITUDE...
S&P 500 SHORT RISK FREE AND RUNNING + 2% ACCOUNT GAINSPX500 trade made a great move, hit a couple of loser on the way before the sell took off. Let's see what happens !
BASED ON 1% RISK YOUR ACCOUNT WOULD BE RUNNING +2%
OUR STRATEGY EXPLAINED:
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.
GERMANY30 (DAX) Sell Off Beginning. Theres a huge disconnect between the financial economy (stock markets) & the real economy (jobs, GDP etc), this disconnect is apparent throughout the world's major economies. These disconnects cannot exist forever, so eventfully either the stock markets in the world will fall to reflect the major unemployment and real economic problems left by the pandemic OR we will see all the economic readings improve to pre pandemic levels or higher to meet the performance of the financial markets.
in probability terms, its going to be much more likely that the financial markets fall to better reflect the current economic struggles. Where this is most likely to happen first is in Europe as most if not all major European countries are seeing daily virus cases rise past previous levels set in the first wave, many countries already have or are currently considering additional lockdown restrictions to curb these rising virus numbers.
This is why I have chosen the GERMANY30 to express this trade idea and place my short.
S&P 500 ON TO WINNER ! +3% and still running !US500 trade made a great move! Let us know if you're in !
BASED ON 1% RISK YOUR ACCOUNT WOULD BE RUNNING +3%
OUR STRATEGY EXPLAINED:
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.