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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.
OANDA:SPX500USDShort
by RossTyler
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.
OANDA:DE30EURShort
by JoelWarby
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.
ULong
by RossTyler
S&P500 (SPX) New All Time High or Further Drop for AccumulationHello Fellow Trader! S&P500 (SPX) New All Time High or Further Drop for Accumulation SPX found support at its previous all time high price 3394 before bouncing and looking to test new highs. There are two options in play to trade this structure and the higher risk to reward play would be testing the June 2020 high 3232. Scenario 1: IF price forms some type of flag or continuation pattern for further upside, the multi-month trend line will stay intact as support for price to advance. Scenario 2: IF the current structure looks like a consolidation pattern hugging above trend line, this could suggest there is a possible drop to test June highs. At this point you will find mass accumulation. Key Points: Scenario 1: - Price above 50 EMA - Price above 200 EMA - Multi-month trend line as support - 1 Hour time frame could present bullish flag patterns or candlestick reversals for upside - SPX has been extremely strong, and any dip pull backs have been bought up immensely - Trading the trend. - Found support at 38.2% Fibonacci of last major range Scenario 2: - RSI slices through mid-point - A consolidation pattern above trend line suggests the buyers are wearing thin. - Accumulation zone will coincide with 200 EMA support & June high resistance / new support. - Accumulation zone coincides with 50% Fibonacci retracement of last major range - Presents an extremely desirable risk to reward ratio Key Levels: Support – 3394, 3280, 3232, 200 EMA Resistance – 3480, 3588 Entry Zone: Optimal entry provides the greatest reward to risk ratio while supporting entry is a zone for reversal signals. Scenario 1: Optimal Entry – 3394 Supporting Entry – 3420 Scenario 2: Optimal Entry – 3250 Supporting Entry – 3320 Candle Reversals for entry - Bullish Hammer - Bullish Engulfing - Bullish Piercing The Risk: As traders, it is your job to mitigate the risk and only trade structures that provide high probability and great reward to risk ratios. If you are not comfortable with defined exit levels, experiment with Moving Averages to help set solid exit rules to protect your capital. Scenario 1: IF: Price breaks below the trend line / 3350– this would suggest the structure is not in our favour and would be wise to reduce exposure or close the trade until a solid signal gives us reasons to re-enter. Scenario 2: IF: Price breaks below 3199– this would suggest the structure is not in our favour and would be wise to reduce exposure or close the trade until a solid signal gives us reasons to re-enter. Reward / Reward Targets: Scenario 1: Optimal Entry 3394– Target 1 3588= 5x Reward to Risk Supporting Entry 3420 – Target 1 3588 = 2.3x Reward to Risk Scenario 2: Optimal Entry 3250– Target 1 3588 = 6.7x Reward to Risk Supporting Entry 3320 – Target 1 3588 = 2.3x Reward to Risk My plan is to touch base with this second scenario if it presents and create the new trading plan if any variables present. This trade could be extremely potent.
TVC:SPXLong
by tradetheday
3