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ernstschwarz
Apr 20, 2018 3:44 PM

SPX500 SP500 S&P500 long Idea Long

S&P 500 index of US listed sharesFXCM

Description

I would be interested in a little buy SPX500 when there is some bullish looking price action showing up. No entry as yet.
Partial profit when it should reach the trendline. A breakout of the downtrend would be amazing afterwards but I doubt that will happen.
If you find a good entry for yourself please keep in mind not to risk more than 1% on your stopploss!

Comment

strong bullish bar on 1h chart. lets see how this hour ends and then place a buy 10 pips above that 1h bar plus stopploss below would be a chance to get into that.

Comment

15 minute chart view supports the buy idea because trendline was broken.

Comment

price is at the 61.8 retracement and had two attempts to go down but ended in bullish reversal candles. watch out for buying this.

Comment

long after 61.8 retracement going good so far

Trade closed manually

take profit. buy closed.
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