1000 to 20 000$ challenge - Bullish bat and rounded top on SPX

1:20 possible
with one trade

but chart provide us
multiple TP's and
multiple PE's
R:R ratio on this one
is enormous

Comment:

TP1 is 1:4.5 on 0.382 fib -> price at 3123 (possible reentry if pullback)

TP2 is 1:7.5 on 0.618 -> price at 3105 (possible reentry if price break structure)

TP3 is on point C of the bat pattern -> price at 3080 (possible reentry if break structure)

Target is 3037

Trade active:

Heeeyyyyy heeyyyy heyyy, took a short

Comment:

take half and reshort now with sl at 3140

Account balance : 1205 + 25 = 1230$

Comment:

because we broke the trendline and pullback. (1h timeframe)
Price forms a bearish harmonic (15mn timeframe)

Comment:

Take the other half on the first trade (took at 3146) + half of the second trade (took at 3136)

Account balance = 1230 + 50 + 25= 1305

Trade active:

reshort now with sl 3127

Trade closed: stop reached:

Account balance : 1315 - 25 = 1290$

Two loss in 5 minutes, no more trade today

See you tomorrow!

Comment:

I still have the temptation to click on the short button now, but I will resist

Comment:

Lesson learnt today :

1)don't take a trade just after taking profit, or rarely when the trading plan is consistent and the point entry is perfect.

2)Greed is bad. 5% in a day is very good. If more it's better but never chase to win more and more in a day because it's a bad circle

Trade active:

shorted with sl 1248

Comment:

I know I know...

Comment:

it touched the 618 on 1h timeframe and seem to reject it.

Trade active:

Take half 1:2 reached. and move sl to break even

account balance : 1180 + 25 = 1205$

Comment:

next plan :watch the support at 3123-3121. Look for a breaking candle and pullback to see if entry is possible.

Trade active:

another 618 pullback and rejection
short with SL at 3140

Trade closed: stop reached:

back to 1180 but still EURGBP profit floating, and other trades waiting for results

Comment:

1310$ sorry I'm tired!

ok we end here for today, nice day!

Comment:

seems like trend is reversing.

We have a nice point entry now if price break the resistance and pullback, we have to see the price action.

Trade active:

we longed oil, lets long spx too
strong buyers candle here in 1H

Trade closed: stop reached:

Account balance : 1432 - 25 = 1407$

Trade active:

nice long entry now on SPX

Trade closed: stop reached:

Account balance : 1424 - 25 = 1399$

I notice i'm very bad at trading indexes and commodities, this make me lose all my gains