jeanneymar011001

Spx in a heads or tails dilemma..

jeanneymar011001 Updated   
OANDA:SPX500USD   S&P 500 Index
Plan A : continue to rise
because there is an accumulation
of strong support composed of (1.618 fib and
a 2.618 fib) and economy is strong
with technological value
-> 70% probability because the trend is up

Plan B : things can go really bad,
it breaks the strong support and begin to fall
sharply (beginning of a recession)
-30% probability because it's hard to say if there
is a top here

Comment:
waiting for price action at market open
I think the next days will be decisive

short term view
Comment:
wait for the gap to be filled or a pullback to structure

look at attentivly the price before entering
Comment:
won a lot of money sleeping.

Comment:
Account passed from 4344 to 4945$ in one night and there is a lot of winning trade holding
Comment:
Comment:
SHORT ON SPX too because there is a correlation

that's all for today , I think. have a nice day!

Comment:
short eurusd too because it filled the gap

Comment:
short gold
Comment:
Comment:
Sl hit on EURUSD and take half on second spx trade : -86 , + 150

AB : 4945 + 64 = 5009$
Comment:
take the rest of the first trade on SPX : +172$

AB : 5009 + 172 = 5181$
Comment:
take half of the resting profit on USDJPY : +43

AB : 5181 + 43 = 5224$
Comment:
hit retrail stop on USDCAD : +37

AB : 5224 + 37 = 5261$
relong usdcad

Comment:
take half of half on spx (reached 1:4) : +86

AB : 5261 + 86= 5347$
Comment:
Strong resistance on EURUSD, I took a short ( I know I break the rule of not retry directly after a loss but i'm ready to take this risk )

Comment:
Take the rest of profit on usdjpy beause it's near a strong support: +52

AB : 5347 + 52 = 5399$
Comment:
take half of the resting profit on SPX

AB : 5399 + 129 = 5528$
Comment:
take half of USOIL

AB : 5528 + 64 = 5592$
Comment:
take the rest of profit on USOIL and SPX : + 108

AB : 5592 + 108 = 5700$
Comment:
I feel my emotions taking control over my trading , and we already won a lot of money today

got to stay back and calm down
Comment:
take a short because there in an inside bar below resistance

Comment:
Sorry reduce the sl to 14 points

was a mistake to put so much SL
Comment:
Short oil , it brokes the trendline and pullback (+correlation with SPX)

Comment:
HIT SL on spx, compensate by taking the rest of first GBPUSD trade: -86 , +46

AB : 5700 - 40 = 5660$
Comment:
Take half on gold to compensate oil loss

AB still the same
Comment:
now we have the reduce the risk per trade to 1% instead of 2% for the next days. because we made a monstruous performance

and tonight/tomorrow we will also readjust it comparing to the new account balance

so for now risk per trade is 43$ , tomorrow we stay with 1% but with the new readjusted risk : 57$
Comment:
reshort oil and take half on SPX trade
AB : 5660 + 86 = 5746$

Comment:
add to short on spx

Comment:
short usdjpy too because of correlation
Comment:
hit break even on last spx trade, take the rest of the first trade

AB : 5746 + 43 = 5789$
Comment:
manually closed USDJPY and USOIL last trade: -43

Ab : 5789 -43 = 5746$
Comment:
take all the profit on AUDUSD and EURUSD to compensate the loss on GBPUSD : +224, -86

AB : 5746 + 138= 5884$
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