SPX500 Short Trade Setup

2018年3月14日

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...

2018年3月14日

交易進行

2018年3月21日

註釋

Stop loss at the break even.

2018年3月22日

註釋

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.

2018年3月28日

註釋

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.

2018年4月3日

註釋

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

2018年4月11日

註釋

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

2018年4月18日

註釋

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.

2018年4月18日

註釋

2018年4月27日

註釋

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

2018年5月1日

註釋

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

2018年5月10日

註釋

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.