Somnath Das
Independent Analyst
URGENT PAIR S&P 500: UPTREND WEEKLY CHART
SP 500 has completed downside and will continue to long, it may be one way or W pattern but overall it will be up as Probabilistic forecast.
BUY SP500: ENTRY: 2799.29, TARGET: 2890.29, SUPPORT: 2740.07
ULTRA SPECIFIC CETERIS PARIBUS STRATEGY:
“Without strategy and execution, a great idea will remain just a good idea.”- Dom
By keeping in mind the projected target price constant trade frequently 3- 4 times a day. Maintain proper margin for carry forward. Trader should maintain back up to 600 points (approx) if opposite scenario happen. Hold the open positions overnight in case of verified short term trend for maximum profit.
USEFUL MARKET DIRECTION | TRADING LEVELS:
The price is always changing, will you lead or follow?
FXStreet Forex Interactive Chart:
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UNIQUE TRADING PROCESS:
Trading process is based on ZIGZAG Analysis and combining with ADX. First, predicting buy/sell any type (limit/stop) intraday. Second, identifying any type of hourly candlestick pattern formation, it is suggested to enter the 1st position (buy/sell) at any level between the average of daily entry and sl price.
Third, try to book the initial quick profit to verify predictions validity. This process can be repeated twice or thrice in the sidewise market. Also, the distribution of positions by the averaging method will be helpful. This way we can maximize intra day profit provided that the daily market direction is verified and holds true.
Fourth, on the fundamental side, we will check the price action more during the news in the economic calendar on CPI (Consumer Price Index) data of USA. Trade deficit data is important to follow for more volatility.
“Every correct Decision you make takes you one step closer to being Wealthy and Successful”- © Somnath Das , 2018-2019
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