tntsunrise
Short

SPX500 Bearish Gartley Pattern and Buyer Failure.

FX:SPX500   S&P 500 index of US listed shares
5546 50 112
SPX500             Bearish Gartley Pattern
and Buyer Failure.

2105 is the level that the buyer tried twice
but failed to break up.

Sell the Pull Back for a potential TOP formation
Trade active:
snapshot
Comment: My stop is 2112.25
Trade closed: stop reached: Before Yellen speaking, we are actually in profit. However the market react quite bullish and hit the stop loss. now the 2010 is broken which means it makes a higher high. so exit first and find another trading opportunity. again please don't risk 2% capital into one trade.
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Sir sell pull back means Sell Limit on 2105 i got it well ?
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ieducswesps Omarragheb
If you ask that question,it means that you dont know how t trade yet,so dont trade.If you dont understand Jack's or Anil';s charts,that most probably means that you dnt know how to trade.dont do it.Dont loose money like i did.Learn first and if you cant give up to your gambling habbit,then buy or sell,but risk very low.Dont loose money.
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Omarragheb ieducswesps
okay sir but if u folllow JAck well in charts and fb and understanded well his mindset , u willnot lose money it is not gambling anyway you can see the chart and ask because it is allowed to post comment and if u loose money kindly jack have a course in 11 & 12 june please attend it to avoid lossing and can modify your habbit . u will lose when u decide to go full margin and in this case it is Gambling . anyway thanks for reply and am still stick to my Q an not asking about stop loss or tp sir am asking pullback could be to 2105 or just pullback to 2013 to can modify my Risk managment and more details am asking about price action in somewhere in the chart not signals :) thanks again
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Omarragheb Omarragheb
sorry 2103*
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Omarragheb Omarragheb
i read the chart well now it is 2105 So it is not a big problem :) thanks alot !
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ieducswesps Omarragheb
Sorry Omar,i thought you are a begginer and i didnt want you to loose money like i did,just because you want to buy or sell something.Thanks for reply
Reply
Omarragheb ieducswesps
No sir we are all family :) thank you for you comments :) wishing for u a best of luck :)
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tntsunrise TOP ieducswesps
thank's for your reminder
+1 Reply
tntsunrise TOP Omarragheb
now the pull back is completed
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Omarragheb tntsunrise
Thank you sir am appreciate your reply :)
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Jack,

Hope all is well. What do you think about long GBPJPY @ 152.50 area?
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i won't trade it. before the vote
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bunah2 tntsunrise
I got it. Thanks
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tnt, thanks for the interesting comment. And while a bearish Gartley could easily lead to a pullback, I think it's important to remind readers that Trading View uses the price of futures to calculate the estimated value of $SPX. The actual highs in the $SPX beginning with Friday and working back five trading days have been 2104.00, 2105.25, 2101.00, 2103.50 and 2099.00. On the day before we saw 2111, the high was 2104.........making this an interesting level should it be tagged a third time and we see weakness. And in the past days we have seen two highs on a five hour basis at 2103, making this another level of interest. I am not trying to contest your insight but simply offering the hard data.
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Quantum_Maryland_Capital Quantum_Maryland_Capital
I forgot to add that the approach taken by Trading View is normally rock solid but abnormally high levels of hedging has, on certain days, distorted the delta between the futures and cash market.
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i think it is a bearish butterfly pattern, am i wrong ? thank u for your replay .
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tntsunrise TOP tradeview_dahua
it is not a butterfly pattern according to my rule.
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Why fight the trend ..??? ;)
SPX500: DT MTR OR A SUCCESSFUL NEW ALL-TIME HIGH...?
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tntsunrise TOP moorekapital
WHY NOT?
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tntsunrise TOP tntsunrise
think of Gold. when gold is 1300, most of people say, it is up trend, why fight the trend? and they bought at 1300 and then gold drop.
similar when gold is 1200. most of people say, it is down trend, why fight the trend? and they short at 1200 and then gold rally.
Trend can be changed. question is, where is the turning point? and how you trade it?
+6 Reply
Omarragheb tntsunrise
Exactlyyyyy What u said in gold is perfect example ( and was my mistake because i got 10 $ profit and left the trade . now am modifying my plan stop loss and tp and some modification through the trade .
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moorekapital tntsunrise
It really depends on your "working" definition of what constitute a trend, really. In my humble opinion.
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tntsunrise TOP moorekapital
agree. we have short term trend, medium term trend and long term trend. and obviously there is a methodolgy called "Counter Trend".
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TomPower tntsunrise
And obviously this bullshit Chart of yours failed!
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have you sold sp500 cash or future?
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CFD
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kmk.msp tntsunrise
thanks
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trade active or stopped out?
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Omarragheb 100million_2016
Stopped out
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I think you just got raided buddy.
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Don't mess with the trend
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Comment removed.
tntsunrise TOP thewakingeye
Sorry to say that my idea is not for thoes people who don't know what is a trading plan and just trade blindly.
+5 Reply
Omarragheb tntsunrise
Agree with you with full respect
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tntsunrise TOP Zohaib_Malik
possible movement but i don't see a trading plan. prediction is meaningless if you don't have a trade.
+2 Reply
moorekapital tntsunrise
You're perfectly right, mate. I share in this point
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Zohaib_Malik tntsunrise
I show u the overall up trend target.For trade plan go to shorter time frame and use your strategy to trade for upside
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tntsunrise TOP Zohaib_Malik
Ok. Thanks for the idea.
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piletji tntsunrise
When you get big winners, they're quite but when you get small lose they open their mouths....EISSSHHH!!!!!!!!
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-Andrew- PRO tntsunrise
Well said Jack
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Reekardo Zohaib_Malik
too much profit taking if above 2120 to hold prices...
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trade closed S.L. ??? now 2113.87
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Yes.
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exit first. 2110 is broken
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Sababa tntsunrise
why do you put s.l. on this level 2112.25?
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One tick above 2112. for SPX there are 4 ticks for one point. per tick is 0.25
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mix95 PRO tntsunrise
Jack, are you still up? It gonna be 3:38 AM in Singapore! I am amazed by your energy!
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Hey Jack Do you still think that it will come down and it will reach to our targeted profit that is mentioned on the chart?As once the SL is hit and it a new high is there too.I entered the same point as yours which is 2105 but i put a SL at 2117.90 which is still not hit as yet fortunately so my position is still open.And i am in 47 pips loss at the moment do you think it will be a positive short trade as you mentioned on the chart? should I hold the position? if yes then what should be the first TP level?Please guide me on this at your earliest possible so I can take my decision accordingly.Your support will be highly appreciated.
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apparently it actually comes down after that.
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Steve364 mp4mp5
Hey Jack I am waiting for your reply.I appreciate if you could update me.
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