SPX looking to bounce back / Naked trading

2020年9月25日

We are back from the depths of hell.

We have our trading range mark out on the expansion SPX just made a while back.

Price has been moving in and out of this range for a while and when it moves out of the range, it is potentially grabbing liquidity.

Outlook:

1. We wait to get a perfect entry as it rises up to the upside hitting 3300
- Note: It may push up a bit past 3300 to past previous high and drop to the downside to 3270 to create structure.

2. When it reaches back to our range we can enter for a buy around 3270 and look for a potential long where we hold on and never let go.

3. The key is waiting for a potential setup and not chasing the market.

4. if it breaks our trend line it is trying to create structure, Higher Low, to potentially move to the upside.
- BUT if it comes up and rejects the trend line once it breaks, it can mean a reversal.

What have I been doing?:
I've been trying to scalp seeing if there is different ways to do it and also using indicators. Man oh man its trash lol, but for some people it works for them.
- I used moving averages (Simple / EMA / Smooth), RSI, Stochastic, MACD, RSI and Bollinger bands together, and ichi cloud) man idk how they do it, but it takes practice and that's what I've been trying to accomplish this past month.

My account was up 300+ but i was trying out this Bot and it just rip my account lol, basically I over leverage. Now Im at $16 crazy right, gonna build it back up and some.