AMEX:SPY   SPDR S&P 500 ETF TRUST
Hi, traders.
My name is Lukas and I am a beginner in trading, respectively, I only trade 12 months. But that means I have to do the necessary analyzes without it I can't trade. I want to show you how I work on myself and document my beginnings. I use Vix and my strategy is built on to return to average. I highlight the important support levels and resistances that flow from the volume profile, all drawn on graph. These zones determine the ability to respond in some way to the market from 1 to 3, with 1 being the largest.


Short description of analysis:

First thing, that 3/11 will be president election. Mr. Market is unpredictable, we need to expect any situation.
My desicion on Market. There are two options:
1. Option – the Market react on support zone (cca 325 USD), because VIX is at 40 points, what is reaction zone.
2. Option – The market break this support zone (325 USD) and it´ll continued at another support zone (cca 300 USD)


Therefore, i decide to split the risk of entry, that I´ll been split on 2 half parts, in case of falling, we´ll average the price. I think, that rather averagating the price than betting all on one price

Trade carefully!

Of course, my analysis does not serve like market forecasts and I am not responsible for your trades if you use my analysis for your own trades.


Please Follow me on Twitter :) Thanks!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.