Nice 1:10 Risk:Reward Sell on S&P500! Short

US SPX 500OANDA

Description

⋅ Aug 25, 2022 8:03 PM

First time posting an idea trading indices, looking for a continuation to the downside as price has retested a nice level if previous support. Good RR. A lot of losses recently but just need to trust the edge

Comment

⋅ Aug 26, 2022 1:58 PM

breakeven

Comment

⋅ Aug 26, 2022 9:34 PM

very unlucky

Comments

youaresmart99

⋅ Aug 28, 2022 9:33 PM

Amazing Call! Thanks for sharing.
I missed it too. Unlucky, it triggered my stop-loss by 1pt high. :(

NasBaz

⋅ Aug 28, 2022 10:06 PM

@youaresmart99, yh got closed out breakeven, managed to renter but lower RR

TraderV123

⋅ Aug 26, 2022 1:58 PM

Thanks for your analysis. I agree with continuing downside but I think a pop to 4270 could happen after the Jackson Hole meeting. GLTA!

NasBaz

⋅ Aug 26, 2022 1:59 PM

@TraderV123, yh got closed out BE on this one. 4270 seems like a good area