SPX500 Short Trade Setup

14 mars 2018

Hello traders.

My long term forecast on SP500 is huge drop as monthly 4th wave. That's why I can't miss any chance of taking short trades. This is one of these aggresive entries. I have a pending order below previous bottom and witing for a correction at the same time. I hope it make a correction, so I can find better entry, otherwise my pending order will be triggered, if it goes down.

If you think this is a valid forecast and good trade setup, please hit the like button.
I appriciate that if you leave a comment and let me know what do you think about this idea.

Trade with care...

14 mars 2018

Transaction en cours

21 mars 2018

Note

Stop loss at the break even.

22 mars 2018

Note

If it makes a running flat, correction might be over at 0.500 and 1.272 confluence. So, it can reverse from here and make a new high, or keep falling for expanding flat or just fall as next down impulse. I closed half of my trade.

28 mars 2018

Note

Take another short trade after the breakout.
It can be a risky trade. I will use 0.5% risk for this trade.
I already have a short from the top.

3 avr. 2018

Note

It is too early to say but I think a running/expanding flat is in the making for more down side.

11 avr. 2018

Note

It is still not clear. If it drops to 0.786 retracement, I will close my trade.

18 avr. 2018

Note

I'm still expecting a drop either as C wave or next down impulse. Then I will start to move the stop-loss to positive levels.

18 avr. 2018

Note

27 avr. 2018

Note

Sorry, I didn't update for a while. I moved my stop-loss to 2690.

1 mai 2018

Note

I have placed another entry order. Its stop-loss is the same price as the active trade.

10 mai 2018

Note

Half of the first trade made almost 1% profit. Its other half made almost 1% profit as well and second trade loss 1%. So, almost breakeven.