As many of you know I have been following this Market over the past week where I entered a trade to the short side at a resistance point depicted by the yellow line in my chart. I held this position for the past week to find the bottom before exiting and was willing to exit at breakeven too as this was originally an experimental trade someone brought to my attention and as I only just became acquainted with this market, want to see how well I can trade it and so far so good :)
Previous charts follow market are in the 1HR view, however in the 4HR view we clearly observe a possible Inverse Head and Shoulders formation. If this is the case then normally I would have exited market by now, but I reman in the trade for now to see how this plays out. Whether this is an Inverse H&S only time will tell, until then do stay tuned.
Side Note: White line is the zero line of the MacD indicator.
Little Treat for passing through;
Here are active charts for S&P 500 I created. This way one can trail the market with indicators pre-applied and does not need to keep looking at multiple charts repeatedly. ~Enjoy~
1 Month: www.tradingview.com/chart/rKIgnLER/
1 Week: www.tradingview.com/chart/rKIgnLER/
1 Day: www.tradingview.com/chart/rKIgnLER/
4 Hours: www.tradingview.com/chart/rKIgnLER/
1 Hour : www.tradingview.com/chart/rKIgnLER/
5 Mins, with candlestick identification; www.tradingview.com/chart/rKIgnLER/
DISCLAIMER;
Do set stop losses when trading but be generous with how much room you allow for this due to candle wicks and there is also the possibility to hedge yourself, for more confident traders.
All comments and questions welcome, if curious about indicators I use then feel free to inquire.
I TAKE REQUESTS TO CHART ANY MARKET WITH PRE-APPLIED INDICATORS IN ANY TIMEFRAME, JUST ASK AFTER HAVING DONE THE FOLLOWING;
~~~ IF YOU SUPPORT MY IDEAS THEN DO LIKE, FOLLOW & SHARE ~~~ Thankyou ~~~
Previous charts follow market are in the 1HR view, however in the 4HR view we clearly observe a possible Inverse Head and Shoulders formation. If this is the case then normally I would have exited market by now, but I reman in the trade for now to see how this plays out. Whether this is an Inverse H&S only time will tell, until then do stay tuned.
Side Note: White line is the zero line of the MacD indicator.
Little Treat for passing through;
Here are active charts for S&P 500 I created. This way one can trail the market with indicators pre-applied and does not need to keep looking at multiple charts repeatedly. ~Enjoy~
1 Month: www.tradingview.com/chart/rKIgnLER/
1 Week: www.tradingview.com/chart/rKIgnLER/
1 Day: www.tradingview.com/chart/rKIgnLER/
4 Hours: www.tradingview.com/chart/rKIgnLER/
1 Hour : www.tradingview.com/chart/rKIgnLER/
5 Mins, with candlestick identification; www.tradingview.com/chart/rKIgnLER/
DISCLAIMER;
Do set stop losses when trading but be generous with how much room you allow for this due to candle wicks and there is also the possibility to hedge yourself, for more confident traders.
All comments and questions welcome, if curious about indicators I use then feel free to inquire.
I TAKE REQUESTS TO CHART ANY MARKET WITH PRE-APPLIED INDICATORS IN ANY TIMEFRAME, JUST ASK AFTER HAVING DONE THE FOLLOWING;
~~~ IF YOU SUPPORT MY IDEAS THEN DO LIKE, FOLLOW & SHARE ~~~ Thankyou ~~~
Comment:
Sorry guys, seems the active indicated chart has as an indept coding I do not know how to change yet which is different from indicator scripts. This means any active chart link i provide will go to the latest chart i am viewing. Noticed that all the link seemed to go to the same place despite my testing it right after creating the chart and it seemed to work but I guess it did because that was the chart and time frame i was currently viewing at the time. This means the previous pre-indiated charts links would have loaded the current chart i am looking at lol. hope i did not confuse you.
