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Predicting the sp500 on the hourly chart

  • #61
  • Nov 2, 2022 4:12am Nov 2, 2022 4:12am
I think what I have created here is a 2 click algo. Removing the indicator and just posting the lines, al this information is generated from just one swing.
Attached Image (click to enlarge)
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The indicator is far more complex than it appears, the chap who programmed it is super smart, and based the idea on geometry and Ganns idea of squaring the circle. I added in the timing and the profit targets. If you never learned the correct way to trade, this indicator does most of the heavy work that would take about 5 years to master.

You have to decide how to use it, any indicator no matter how good will fail if used incorrectly. Its like using a hammer to try to bang in screws, it's not the hammer that does not work, its what you are using it for that counts
  • #62
  • Nov 2, 2022 4:22am Nov 2, 2022 4:22am
Attached Image (click to enlarge)
Click to Enlarge Name: gold sell trade 2.11.2022.png Size: 30 KB
I have a possible sell level on Gold we are nicely coming into the time zone as well
  • #63
  • Nov 2, 2022 4:28am Nov 2, 2022 4:28am
Quoting Hurst
{image} 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
That's exactly what sellers do most of the time. That's why I like what you show us here. Most people just resell indicators like renamed moving average, RSI, CCI,... so on. Continue good work. Show signals before & after and that will be good. I like indicators showing future, not history. We need more of these.

I will definitely going to check more.

SF
  • #64
  • Nov 2, 2022 9:17am Nov 2, 2022 9:17am
Quoting Hurst
{image}I have a possible sell level on Gold we are nicely coming into the time zone as well
Seems like this went pretty good, too. SL should be on break even right now. It's hard for me to check, as I am on a phone. If I'm not mistaken, we just touched yellow, and went down, right?

SF
Attached Image (click to enlarge)
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  • #65
  • Nov 2, 2022 11:15am Nov 2, 2022 11:15am
Attached Image (click to enlarge)
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I was waiting for it to move a little higher, but it came to the min time and just broke the last high. I would not have taken it, I always look for perfection
  • #66
  • Nov 2, 2022 12:15pm Nov 2, 2022 12:15pm
Quoting Hurst
{image}I was waiting for it to move a little higher, but it came to the min time and just broke the last high. I would not have taken it, I always look for perfection
Yeah, I thought we touched it at least. Well this trade would need kinda big stoploss anyway. So yep, You're right. Anyway if traded from the high, we had kinda cool trade.

SF
  • #67
  • Nov 2, 2022 1:24pm Nov 2, 2022 1:24pm
Attached Image (click to enlarge)
Click to Enlarge Name: GOLD trade 2.11.2022.png Size: 30 KB
Finally I got my entry on GOLD stop is at break even as you can see,
  • #68
  • Nov 2, 2022 1:59pm Nov 2, 2022 1:59pm
Quoting Hurst
{image}Finally I got my entry on GOLD stop is at break even as you can see,
Damn, that would have been amazing trade. But I believe your stop was hit? Yay, that was amazing though.

SF
  • #69
  • Nov 2, 2022 2:30pm Nov 2, 2022 2:30pm
Yes my stop was hit no loss, and then I went out so no chance to get in again. But, still the indicator does a good job and for that I am very proud of what I have produced with my friend.
  • #70
  • Nov 3, 2022 8:36am Nov 3, 2022 8:36am
Hello to you all,

There is a cycle in the stock market depending on whether you are in a bull market or a bear market.

In a BULL market

Monday,Tuesday is UP
Correction on Wednesday, Thursday
Strong Friday into Monday

In a BEAR market

Monday,Tuesday is DOWN
Correction on Wednesday, Thursday
Weak Friday into Monday

Now, this cycle does not always work, you need to look at the opening and closing price to determine the days direction. I made a video, please like and subscribe, it helps me grow the channel.
Inserted Video
  • #71
  • Edited 10:23am Nov 3, 2022 9:12am | Edited 10:23am
USDJPY SELL TRADE
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY SELL 3.11.2022.png Size: 36 KB

You can see my entry on the chart, I used a 5 pip stop and my target is 95 pips roughly a 20:1 trade. At the end of the week the price of the indicator goes up to $199 so if you want it let me know before Friday 4th Nov 2022. At the moment the price is a give away at $99, I have shown proof it works.

Technically we are a bit early so this might push up again.
  • #72
  • Nov 3, 2022 10:33am Nov 3, 2022 10:33am
SP500 SELL SETUP

We have not yet moved into the right time point or level. The yellow area is the min time point I am looking to trade at the mid point see the blue line.
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  • #73
  • Nov 3, 2022 12:43pm Nov 3, 2022 12:43pm
Attached Image (click to enlarge)
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Here is the sell trade I took on the SP500, ever so slightly outside the rules.
Firstly I like to take the trade near as can be to the yellow box as possible, however in weak markets, sometimes they fall faster than expected.
So this trade was one bar off the yellow box.
Next I drew a line from the previous low, it bisected the dotted down line perfectly, even though it looked good I waited for a 1 min reaction bar before entering.
Target should be a hold into the close weak day, with Friday being a down day too.
  • #74
  • Nov 3, 2022 2:16pm Nov 3, 2022 2:16pm
Waiting how will these trades end. Might be surprised.

SF
  • #75
  • Nov 3, 2022 6:09pm Nov 3, 2022 6:09pm
Attached Image (click to enlarge)
Click to Enlarge Name: SP500 Trade PT1 hit.png Size: 31 KB
PT1 hit, I don't want to leave any risk open over night so I am not bothering with PT2 or PT3

USDJPY trade closed as it was just not moving.


I can't win them all :-)
  • #76
  • Nov 6, 2022 6:36am Nov 6, 2022 6:36am
Hello everyone,

I am away this next week 7th Nov onwards, so I will not be posting any trades. Sadly, I have to increase the price of the indicator as the price of $99 was an introduction price. From Monday onwards the price will go to $199, so if you want a copy you will have to let me know by tonight. If you cannot afford it, then you can reserve your copy by paying $50 now, and the rest in a weeks time.

If you cannot afford $50, I am really sorry for you, also why are you trading if you cannot make money from it?

I wish you all a wonderful weekend.

Hurst
  • #77
  • Nov 7, 2022 2:30am Nov 7, 2022 2:30am
What I find strange on this forum, is that so many people want to trade but invest ZERO time money or effort in learning to trade. I have shown an indicator here that works calling 5 out of 6 trades. One trade failed as I was too aggressive with my stop. Had I allowed the extra 20 pips the trade would have gone onto make over 1,000 pips.

So that's a perfect hit rate. The one person that bought the indicator is delighted with it, and I am happy for him. He showed me a weekly chart with the indicator on and the trade was perfect. With a bit of refining you could have entered a trade on the weekly chart with about a 20 pip stop or even less.
Attached Image (click to enlarge)
Click to Enlarge Name: Weekly USDJPY trade.png Size: 43 KB
Imagine entering a weekly trade setup4 with a 10 pips stop and a 1000 pip target.

Lets do the maths
$1000 account 5% risk $50
$5 per pip/10 pip stop
Target $5000 (1000 pips)

Well done you just had your brokers Porsche downpayment swiped from his pocket.

Thing is guy, I guarantee you this. You will all lose your accounts to your broker. You might as well stop trading close your account, and put your money in your bank account. Unless you have the tools and knowledge to beat your broker, you will fail, this is as sure as day follows night.
  • #78
  • Edited 7:01am Nov 7, 2022 4:49am | Edited 7:01am
Quoting Hurst
What I find strange on this forum, is that so many people want to trade but invest ZERO time money or effort in learning to trade. I have shown an indicator here that works calling 5 out of 6 trades. One trade failed as I was too aggressive with my stop. Had I allowed the extra 20 pips the trade would have gone onto make over 1,000 pips. So that's a perfect hit rate. The one person that bought the indicator is delighted with it, and I am happy for him. He showed me a weekly chart with the indicator on and the trade was perfect. With a bit of refining...
People are probably scared of commercial things. I can understand that, we were talking about it already. Maybe even here on the forum.. That's all I believe.

However I tried two trades based upon this, and this is how I ended. It's demo account, just for learning purposes. Second buy is something Hurst wouldn't agree with me on it, but well it worked.

As said, I'm still learning this approach, but so far good.

SF
Attached Image (click to enlarge)
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  • #79
  • Nov 7, 2022 7:28am Nov 7, 2022 7:28am
Quoting Hurst
{image}I am waiting for a sell trade on gold now.
Also please Hurst, could you let us know how this sell on gold went for you? I know price touched yellow, but where was your entry, if some was?

We could have took it on the high before. That was more of a safe bet.

SF
  • #80
  • Nov 7, 2022 10:14am Nov 7, 2022 10:14am
Quoting Hurst
{image}Finally I got my entry on GOLD stop is at break even as you can see,
Result of the gold trade selling from the middle line gave about a 350 pip profit
Stop about 100 pips
So a 3:1 trade
Attached Image (click to enlarge)
Click to Enlarge Name: Result of gold trade.png Size: 34 KB


I moved my stop to fast down and got stopped out.
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