Predicting the sp500 on the hourly chart

Someone asked me about the indicator, does it work. I attach a screen shot of the indicator on GOLD together with a screen shot of entry.

If you are a professional trader, you will understand why this GOLD trade was a gift, if you are starting out this indicator is something that will help you make excellent trades, and start to become a professional trader not a gambler.

31st Oct 2022 SP500
There is no clear entry in the SP500, but the trend suggests a buy the mid point line is 3811.68 and the upper level is 3830. I do not predict these levels will be hit, but if they are I would look to go long.

Looks like the upper line acted as support at 3862.96 a bounce trade to the last swing would have netted a couple hundred pips.

Here is a nice set up on GOLD, the dotted line at 1636.73 would be my entry level. Alternatively, I would go down to the 1 min chart and look at price rejection at this level.

If you want to message me, please use my email, you just click on my name and my details will come up. I can only send one message a day on FF due to restrictions they place on commercial members.

Here is a good looking trade on the EURCHF. I was up late so did not catch the top. The indicator is very good to stop you getting in to soon on a retrace and it is the only indicator to use price and time in its calculation.

The geometric construction also has key levels generated purely by price and time inputs, these allow you to set precise take profit levels. Ideally you enter with three positions the first target in this case TP1 is automatically generated, had you caught the trade at the top you would have already locked in 40 pips. The next target is the edge of the square, this can cause reactions so always worth taking a partial profit here as well. Lastly the edge of the circle is the final profit target, with currencies they have a tendency to return to the open price, so I tend to not keep the trade longer than a day.

There are many reasons why the edge of the circle is a good target, in this case you see it is lower than the last low, which is also a great target, the last low or the last high.

Already my first TP is hit and my stop is at break even, I am still having my coffee and not even dressed. A good start to the month.

If you look on the about me page you will see under links my email address. If you are waiting for a reply from me it is because FF limit my messages to one every 24 hours. If you buy the indicator from me, I will also show you a very reliable way to determine the price level to a 5 pip window on something like the EURCHF.

Think about it, say you have a $500 dollar account, and you risk 3% on a trade, you are risking $15, so you can get in with a 5 pip stop, this means you can trade for $3 per pip, Now, you split your trade into 3 parts

TP1 40 pips $40
TP2 53 pips $53
TP3 70 pips $70

Total $163

Not bad on a $500 account in a day with minimal risk

My second TP of 53 pips touched and closed

All three targets hit. I put the trades on FF so that no one can say they are after the fact or hindsight trades. If you want a copy of the indicator and for $99 it is a gift. Please contact me via my email which can be found by clicking on my name and about me page.

In the next couple of months I will be starting a paid for room where I will call trades in real time, let me know if you are interested. Also watchout on the 7th Nov 2022 for a panic cycle in the SP, DOW etc.

Although the seasonal cycle is up till December this might be a real surprise.

I am looking at a second trade on the EURCHF 2 possible sell levels

0.99074
0.98986

Option to go down to the 1 min chart and look for a reaction or trade at both level and split the position into 2
This would mean a 15 pip stop, but I will look to enter the upper level and use a 5 pip stop.

I would love to say I caught this trade, but I was in the shower, however had you used my method you could have nailed the entry with no draw down.

Hurst, you shared two pictures. First was EURCHF (30M timeframe). And this second trade you were in shower is GBPUSD (1H timeframe).

So which of those are correct? I mean, EURCHF is not yet down. We still wait for it.

SF

Hello SilentFather,

The first trade the EURCHF I entered the trade late, but caught some of the move. It is also setting up for another short trade, not triggered yet. The GBPUSD trade hit the level for a sell, but I was not around to catch it. Both trades were correct. I have made a new video to put up on youtube, once its done I will post a link on FF.

At the moment I am not in any trades.

I am waiting for a sell trade on gold now.

USDJPY A SELL

Dear Hurst,

Is it possible to do MTF analysis? I mean. We take 3 charts. For example H4, 1H and 30M to find reversal point? Did you tried anything like that?

SF

Good question, the answer is no need, if your trend on the hourly is down, you sell and if it up you buy.

The USDJPY is a special case because, my weekly analysis suggests a possible top
Could be I am in too soon, but my stop is already at break even on what could be a 2K pip move.

to those of you that bought the indicator I made a more indepth video on using it.

I tried to do a sell trade, based on your signal. 200 USD account. 1 lot sold. Pretty good I must say, it's all without any analysis whatsoever.

Hurst, I don't like selling indicators, but I must admit, you are first commercial member who really has something. That's my two cents. It definitely does something. And also, I think it does help to trade with SOME kind of analysis. No need to TRY catch some trade. You really have idea where you wanna trade, and where is SL and TP. Honestly good work.


SF

I appreciate that comment, like you I tend not to trust people selling indicators, usually showing a chart in the past and how well the indicator worked in the past. This is why I post my analysis before if I can, it shows people that it works. I am glad you caught that trade, so did I.

Well done.
!
You do know you are massively over trading, also if you had the indicator you would be up 900 now!.

This is why scaling out works once you get a profit to bank, let the rest run.

But still very happy for you