Lets analyze together. Comments on S & P 500.
System will be based on 1 initial lot, smart, strict Stop loss, adding to a winner, cutting loser early.
All comments and analysis of my analysis welcome
Im using simple charts .. with a slight lag. The aim is to provide a subjective commentary. Decisions to be taken by user. Where possible and meets our criteria we try to hold big positions for a longer, intra day time.
Disclaimer: This is not an invitation to trade on my advice.
1307.9 breakout will indicate a v ST change in trend. hmm interesting ...
im planning to use my own posts to study later. So any contributing will help me and any one doing serious trading.
The aim will be to get 2 big ones and the critical test is to have a decent number of lots at that moment. possible .. done it in a diff country index ...we shall see here.
Ok. here goes.
Just one lot ES short at 1307 (i dont have ES value so I am giving the underlying index value)
This is just to get my feet wet. nothing serious at all right now esp since mkt closing