SP500 moving as expected and more to come

30 thg 7, 2018

The SP500 is moving as expected and that supports our long term view. That view tells us that we are in a long term consolidation. I am not going to bother you guy's how to interpreted fundamental drivers which are in perfect harmony with the technical's. Just have a look at my previous posts and you will understand that the bias is to the downside short/medium term.

I am short from last week with a risk/reward of 5 to 1 at the moment (my stop loss makes this a risk-free trade). I am perfectly fine leaving that on the table for now and am looking for more shorts to come. If things change I will update again.

Have a good trading week!

3 thg 8, 2018

Ghi chú

SP500 did not make the acceleration lower yet which I was looking for. 2 of my trades were profitable and 1 trade was a break even trade.
The current price action does not mean that structure has changed, so far only the corrective pattern is turning into a more complex correction.
Next week I will update once again for the next high probability set-up.

If you are interested in my live trade calls (me executing/managing trades) and be able to copy them or learn from them real-time you can DM me and I will put you on the list.

Have a nice weekend!

12 thg 8, 2018

Ghi chú