marttrader
Short

$SPY $SPXUSD My plan and levels for Jan. 10

FOREXCOM:SPXUSD   US SP 500 CFD
Good morning. First take a look at this : It exactly happens as I saw it, it has been a good day for me!

The plan for today is almost the same as yesterday. Up at the open and then I short, I will not take long trades unless I think we will close the gap.

KEY LEVELS

2573.5 : I think if price goes there after the open we will see
a sell off above this level.

2585 : Yesterday's close, if it starts to go up hard, this will
be the gap the close.

2559.6 : Pre-market low, it could create an acceleration to
the downside and at this point 2550 will become important.

CHART COLORS:
GREEN = WEEKLY & GREATER ---- BLUE = DAILY ---- PINK = H4 ---- PURPLE = H1
CHART LINES AND ARROWS: SOLID = PAST MOVE ---- DOTTED = ANTICIPATED MOVE
MY TRADING STYLE
I took a lot of time learning Elliot waves and it changed the way I look at charts. It’s much clearer when you know where the market is potentially going. I don’t believe in moving averages theories, candle pattern or other “magic” indicators. I only need one to see divergences. If you trade the “patterns” like “head and shoulder”, “double bottom” or everything else, it’s OK with me because most of the time it fits in the waves count.
The hard part is to catch the strong moves, it’s easy to get lost in consolidation. My way to do is to analyse many timeframes, in a daily consolidation we can catch strong moves in H4 or H1. Same in weekly consolidation, strong move in D1.
NOTE
I do not give advice to buy or sell. I just want to document my journey and interact with other traders. All the levels mentioned are approximative, it can be higher or lower. I am often wrong but I try as hard as I can to cut the losses quickly.
You can reach me on social media, the one with the bird, I am marttrader!
Jan 10
Trade active: SHORT 2566.53
Jan 10
Trade closed manually: Close for a small loss, before to switch for long.
Jan 10
Trade active: LONG from 2569 to 2577.53.
Wow, it went to fast, morning is done!
Jan 10
Trade active: SHORT the gap 2584.28
Medium size, will cut loss quickly if does not work.
Jan 10
Trade closed manually: Short closed flat.
Jan 10
Trade active: LONG 2583.99 small size, already stop 0
Jan 10
Trade closed manually: Close for a small profit, wow! 2 minutes scalp!
Jan 10
Trade active: LONG 2586.38 small size, scalp
Jan 10
Trade closed manually: Out flat on stop 0
Jan 10
Trade active: SHORT 2588.53
Jan 10
Comment: Stop 0, going to lunch!
Jan 10
Trade active: SHORT 2589.28 moved fast, stop 0

Comments

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