OmegaJ

SPX500 Tradeplan July Week 3

FX:SPX500   S&P 500 Index
168 3 8
Based on PA. SPX             has entered into consolidation phase , I am neutral on current pair due to inside bar .

Trading an inside bar is very risky.

Meantime I am waiting for breakout before posting any chart in comments
Comment:
Comment: One day has gone. No trade

Comment: 3 days have passed.
Trade active:

First short
Comment: Cut shorts with a loss

Daily closed ABOVE inside bar

Price is consolidating at high. Potential uptrend continues



Added 1 small long
Comment: Opps. looks like i missed out on this idea.

The long was stopped out with small loss.




SPX failed to make HH and formed a LL. I am looking for shorts at the moment
Trade active:
I had to stick to my plan so i am already short on the fail retest of the broken tl. my stop is just above (1 pip) the weekly high and i have a sell stop in place below the inside bar candle.

Reply
ddp922 ddp922
Reply
OmegaJ ddp922
Till market forms a LL and i'll short the LH
Reply
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