Trendline Break To The Downside In SPX/USD

Aug 19

Hey Traders and followers! Hope your summer has been going great along with your profits $

Take your money off the table in SPX if you are long and jump into a short as we have a trendline break to the downside on the 12hr chart.
Price has broke through the sell zone area of 6436.6 painting a bearish picture for SPX way down to 5980.6 area.
If price breaks back up above 6436.6 area then the bearish break trade will be off the table.

Best of luck in all your trades $$$

Aug 22

Trade closed: stop reached

6436.6 area reached triggering a closed out trade at break even on a remaining 50%. Other 50% closed out in profits at the 6386.1 area marked out in blue dotted line on chart.

When you have a mapped out trade; trigger for entry, target area and trailing stop, 9 times out of ten if you enter at a proper area you decrease the risk of loss. It is important to move your stop to break even or slightly in profit to protect you from loss once price moves you into profits.

Those who boast hate on traders who take counter trades and chanting (they got rekted), clearly haven't learned how to trade yet. There is a way to reduce your risk and the method I display shows how that works for me. I have stressed on here before how important having a stop area in mind along with taking some profits at a buy zone is very important as it takes the gamble out of trading.

Based on your experience, you will have to figure out how you want to divide your take profit. For me depending on risk based on the charts, I will divide it in 3 or 2. Seems to work out very good for me.

My whole reason I come on here to post is not for recognition but for trying to help the less experienced trader the best to my experience and knowledge. Hope what I do helps some of you.

Best of luck in all your trades $$$.