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SPX 4510 TEST Before Wed. ReportsAfter that Bull Trigger Candle confirmation today once we broke the T1 Bull Trigger Price of 4462.5 it looks like we are pulling down to make the wick before the second Bull Candle going up to 4510 before we hit the reports that come out Wednesday. Hopefully we don't reverse and attack it overnight leaving sideways action in the A.M.. Unless your trading Futures, its best to just sit back and wait until open, see the movement and follow the trend. Stepping back and looking at the weekly and daily candles before intraday trading can be the difference you were missing. The larger timeframes tell you what price A and what price B is, the smaller timeframes EVENTUALLY get you between those points. On August 25th before the 3 day ~118 point explosion there was that Bull Trigger Candle confirmation signaled by the 3 hollow candles after the previous Bear and Bull Candles were rejected. Why take any PUT OPTION contracts trading intraday those days or sell to open any position? The Market isn't going against you... It doesn't know you exist... Some people have the Capital to manipulate it... So what. Go with the flow and ride the trend/wave. Don't Predict. React to what you see. Love your family and yourself even more. I'll catch you on the next post my friends! And message me if you want to talk or brainstorm, it's US vs Them.
FOREXCOM:SPX500Long
by Good_Morty_Smith
1
AUD/USD Daily Analysis - Python Forex Auto Trading - "BUY TRAIL"Hello Traders! Last week we had a "Bear Trigger Candle" on the Weekly Chart. The Trigger Candles control the trend, either by being CONFIRMED (Trigger Price Breaks) or REJECTED as in this case so far. It is only Monday but the Price Action caused my "BUYTRAIL" alert to trigger and send a webhook to my Python Script to BUY AUD/USD at Market with a TRAIL of 10 pips. It was triggered due to the price going above the REJECTION price that is coded. Sometimes when a Trigger Candle is REJECTED, it happened Aug. 28th Bull / Sept 4th Bear Reject, the price moves very rapidly and engulfs the previous candle. That is what the automatic BUYTRAIL is for. If today we would have dropped in price below the Bear Trigger Price of 0.63732, an "AUDUSD, SELL" alert would go off and send the appropriate webhook to my Python app listening and it would send the Sell Order with a Stop loss to my broker all in under 2 seconds. But we don't predict here! Just react. As you see with the Bear Candle on July 17th, the second red candle back from now sitting on the Moving Average, it was confirmed and the downtrend occurred BUTTTT in the beginning of the next week after the Bear Candle, the first two days it trended UP and created a LARGE wick then confirmed the Bear Candle by crashing under the Trigger Price and Moving Average. That is why I put a trailing stop on the Rejections. The difference between now and then is the Stochastic K% and D%. We are bottomed out currently with 4%K over 3%D slightly Bullish. Last time we were 58%D over 57%K hitting that 50 mark coming down. Anyway, if you don't trade Forex the same logic I use here is applied to SPX and SPY stock options as well. All the Charts are the same and these candles appear in the same location on each chart. I only switch which API I send the order to. Study and have PAY-TIENCE! Love your family and yourself even more! Till' next time Gang!
by Good_Morty_Smith
SPX Upcoming Weekly Analysis - Izzy's All in One indicatorHello Traders! This week in the Market we have CPI (YoY) est. 3.6%, CPI (MoM) est. 0.6%, Core CPI est. 0.2%, and Crude Oil inventories on Wednesday and Jobless Claims est. 226K, Core Retail Sales (MoM) est. 0.4%, PPI (MoM) est. 0.4%, and Retail Sales (MoM) est. 0.2% on Thursday. When Market events happen the trend can go any and everywhere so we have 3 days of trending until then. Last week was a red Bear Candle, after Bear Candles appear they are confirmed with hollow candles following OR rejected by another green Bull Candle. Even when a Bear Trigger Candle is identified the majority of the times the next candle in any timeframe goes against the candle and the price rises creating the top wick before the fall. These are the times I wait for entry into a Short position. If the Bear Candle is rejected it will produce a green Bull Candle and we cover our short position and buy Calls or go long. The Bear Trigger 1 on the weekly is 4453.88. Today's price action will be crucial, if we reject the Bull candle on the daily we will drop below the MA and start to trigger and confirm the Weekly Bear Candle. If the Daily Bull candle is confirmed, the Bull Trigger 1 is 4462.54, we will be over the MA, the STO K%D% will be Bullish, and we will begin to reject the Bear Weekly Candle. Again, once the Candle is set the color does not change or get repainted, these highlighted trigger candles are very important. The last Bear Trigger on Sept 5th was confirmed and dropped 60+ points in 2 days before the current Bull Trigger Appeared. Once you understand the Weekly trend you can almost eliminate trades that go against the trend when trading on your shorter timeframe trades. I break every timeframe Candle in 4 actions: the open, the drop, the top, the close (bullish candles) and the open, the top, the drop, the close (bearish candles). Example: If I get ANY alert on the 1 hour timeframe I ALWAYS wait 15 min (60min / 4) to enter or consider it. The bottom wicks of bull candles and the top wicks of bear candles. The top and the drop. My guess is we reject this Bear Weekly and start to head back up to 4500 4525 range. Don't predict though lol. React to what you see. You are not moving the markets, just riding the wave. Be PAY-TIENT and I'll talk to you later! Love your family and yourself even more. I'm out.
FOREXCOM:SPX500Long
by Good_Morty_Smith
1
My indicator with Python API Bot for Forex/Stock OptionsHey Traders just giving some insight into my thought process and trading strategy. This is my all in one indicator that identifies Bear and Bull Candles, it has two Moving Average lines that I coded to also show the Stochastic K% vs D% visually, and a handy table to show the necessary information I need. When a Bear (red) or Bull (green) candle is confirmed once the candle is set and we move to the next candle, so NO repainting, three red or green TRIGGER LINES are created at the identified candle in relation to the price movement of that candle. Trigger 1 (main trigger), Trigger 2 (the high/low if the bull/bear candle), and Trigger 3 (confirmation of continuation). When the Trigger 1 is broken, an alert goes off and send a message with a Buy, SPX, 1, Call, 4275 webhook for stock options ( I trade SPY/SPX options) or in this case a SELL, EURUSD webhook to my Python Script running a flask server listening for incoming webhooks. It then sends the appropriate API to either Etrade, TD Ameritrade, or in this case Oanda which puts the order through within seconds of the alert. EUR/USD gives the most ROI with 46% profit per 100 pips, the others that are 36-39%: CAD/CHF, AUD/CAD, EUR/CAD, USD/CAD. This is the first time I'm setting it to AUTOPILOT on the weekly for obvious reasons. Smaller Timeframes can be manipulated with injections of money but its hard to change directions on larger timeframes, like stopping a bike vs an 18 Wheeler. Anyway, remember PAY-TIENCE is the key. I'm just a 36 year old guy from Cleveland, Ohio who just learned to code on his spare time last fall. Only reason I did it was due to my friends and family, they couldn't SEE what I saw when looking at the charts and candles. Everything you see on my indicator is already in front of your eyes, just isolate the noise. No other candle is important except the highlighted candles so I'm neutral until that green Bull candle appears. Be safe, love your family and yourself even more. Till' next time!
by Good_Morty_Smith
EUR/USD BOTTOM 48HR IDEAI see EUR/USD is just now hitting the support from back in June on the daily chart. This is my custom indicator I use to trade options and forex with Python on the 5hr chart. On the STO we are at a dead 0 on the K% in the bottom right table. Last time down here we trended sideways for 50 hrs while trying to break through the Moving Average line going back up. There is ample space between the current price and MA so I suspect we catch a leg soon and catch resistance around the intercept. First time publishing, hope this helps. If you'd like me to go over another instrument let me know. Be safe!
Long
by Good_Morty_Smith
2