Predicting the sp500 on the hourly chart

Hello Hurst,

would it be possible to have a vision of the dax with the indicator

Thank,s

As far as I understand, you can use any chart. USDJPY, eurusd, US500 and so on. Or you are asking for analysis from Hurst?

Hurst said he is going somewhere so he couldn't post. I might try to check by myself but I'm still learning. And I'm not sure if IC Markets have DAX.

SF

DAX chart


If the DAX is going to turn and I had the 7th of this month as a turn point then I would expect the upper edge of the triangle.

This was my analysis today of USD/JPY on 15 minute chart. Just to show you guys...
I took simple swing, attached the indicator and just scaled everything.

Sorry for posting in your thread Hurst, you can tell me if I did it correctly. I think I did, because it ended kinda well... Sooo?


Now I came back from work and I checked what happened.


This is my "testimony". I do not sell anything. I just wanted to show you by myself that it do works well, if used properly.

SF

This looks a powerful tool. Love it if it was on trade station

Yes it is very nice. For me it's very useful because my problem is that I don't use any rules when I trade. Not sure why. I could do much better years ago. So this helps a lot trading with rules, I don't chase a trade anymore.

That's all from me, it's not my thread at all so.. Just my two cents.

SF

Please continue to post your setup's they are great, the more people with the indicator the more markets we can watch.

Guys,

I was thinking why so many of you are losing and why 97% of traders fail. I think I have the answers, and I will make a youtube video on the topic, but for now, here are the top reasons you WILL fail.

1. You believe that the information you find for free on the internet will help you trade.

- I can tell you all this is the biggest lie in trading, what you get for free will make you lose as a trader. You are like sheep to a slaughter house, you don't even know you are being controlled and manipulated.

2. You think indicators that you get on your MT4 platform will help you trade and make money, you just have to find the right setting and those millions are yours.

- No MT4 indicator supplied for free works, period. Its a fools folly.

3. Overleveraged and huge stops and tiny profits.

- You are happy to risk huge amounts on a trade, when the trade goes against you, you move your stop and goodbye account. When you go into profit you take pennies.

4. You have not bothered to learn how to trade, all the brokers tell you trading the EURUSD is easy, so that's what you trade.

- You simply do not understand what or why you are trading, you have no idea of why the market moves or who makes price move. In short you are guessing and gambling.

5. You think selling tops and bottoms is the way to make money.

- Even though you have no proof you think that when an indicator signals over bought or oversold the market will turn, you try to sell tops and fail. When the market moves up you buy and suddenly price moves against you. Same thing happens at the bottom, you keep buying and the market keeps going down. When you suddenly decide I will just sell the market turns and takes you out. You really do not understand whats going on at all.

In trading knowledge is the key, you either spent countless years trying to figure it out, or you pay for the knowledge. Time or money its your choice. But nothing is free, if it is its not worth shit.

2.

Today, 1500 GBP will buy you entry into the trading elite club, or you can go and get mentored by ITC at 10K. Serious people get in touch and be prepared to work hard. I guarantee you will make money or a complete refund, if you can show me my method fails. Only 10 spots available.

Here is an example of a GOLD buy trade I am watching. Looks like a great trade, however you can never be sure the levels great, a doji candle, but how would you trade it?

Currently selling the EURUSD 17.11.1022

I did exactly the same analysis yesterday. Curious how it ends. Will check later at home. I wasn't sure about this signal though.

SF

I think it was a little late to take a trade, better trades come in the US session or around the european open. In the end I had moved my stop down to -2 pips and lost a tiny amount

Hiya Hurst
Thanks for Thread and Videos which are very interesting,i've read the thread twice and watched the videos a couple of times
I wonder if you can clarify a couple of points for me please,how you deal with violent spikes in the market such as occurs in The Dax for instance especially during news time or do these only happen in the red zone,if i understand the system correctly you don't open trades then so the question wouldn't arise?
Also would you use a wild spike which results in a high or low or both at a particular point in the market to draw the triangle from?
I assume the indicator has an option to set the target price of the trade which accounts for the different colours when on that setting
I think i understand the cycle which includes the weekend

Edward

Hello Edward,

Far from being random, the market is actually highly precise in its movements. All price movements in the markets are controlled by the banks. Algos have very precise goals. Now banks cannot trade anywhere, when you have a couple of billion sitting on a trade, any attempt to exit will move the market against you.

Banks will target certain areas, now the indicator is good, but it is like riding a bike with training wheels on. At some point you will find the training wheels are no longer needed. The ultimate goal as a trader is to read a chart, and realise the we are lied to.

97% of traders lose for one reason, what we are given for free is useless. Most of the trading information you can find online is actually going to make you fail as a trader. Anything on MT4 that you get for free is actually designed to make you fail. But it is very cunning, every now and then you win, so you brain focuses on the wins and not the losses. In this way you accounts will be slowly drained of money.

With the indicator, I also look at the price chart and I combine both the indicator and my own reading of the chart, when the two agree you usually have a great trade.

Just to add the Doji info in.

I will now prove that we are lied to.

GOOGLE: How to trade a doji.
Doji trading strategy

1. For a bullish doji, an option could be to place a buy order above the doji high, then place a stop-loss below the low of the doji. ...
2. For a bearish candlestick, a trader could place a short sell order below the doji low, then place a stop-loss above the doji high.
   
   With this free info (google is never wrong) many new traders will do this. Most traders last about 2 months, so the broker knows this and will feed you all the crap to get you to make dumb trade after dumb trade.

Also on the forums there is a strong resistance to actually pay for anything, have you ever wondered why this is? If you remain stupid, you will keep losing. So pushing the agenda that paying to learn how to trade is wrong benefits the broker. I have posted enough content on FF to prove I know what I am doing, yet most people email for free help. I can tell you that if I offered my services for free, no one would value them. Also my time is valuable, its my life, so its not free.

I still buy trading information, especially if its good. I am still after 12 years learning new things, knowledge is the most powerful tool in trading.

This is why I am putting together a course on trading, its's cheap at 1500GBP, plus indicators at 995GBP. You can learn it without the indicators but its easier with them. Now, a lot of you will go ahh that's to much. Then load up your accounts and lose 1000, 2000 over the next 2 months.

Let me tell you that you will be able to get into trades with a 5 or 6 pip stop and let them run for 400 pips and more, so with your newly minted 1,000 dollar account lets look at the dynamics.

Let say you risk 3% on a trade that's $30 at risk. Now, $30/6 is $5 so you are trading for $5 per pip, if the trade runs and hits the 400 pip target you have made $2000 in a single trade. Do that 4 times in a month and repeat every month $8000 a month, risking only $30 each trade.

Now, some trades will lose, but will you care, nope.

We might offer the indicators on a month by month rental at $90 per month plus a setup fee of $100.

There will also be a free discord group for member, where we can discuss trades. Also most of the trades will be swing trades, so if you have a job, you can still use the method. You can find my email on the about me page if you want to see a break down of whats included in the course.

Thanks for prompt reply Hurst
I have emailed you,have you stopped selling the indicator now?

Edward

Hello Edward,

We are still selling the indicator, I will catch up with you on gmail.

I did not see your email, so please send it again

see the about me page for my email.

Now I have sold the indicator to more than 2 people I will start a Telegram channel.

We now have a telegram group, you should have your links guys. If you are thinking of buying the indicator and joining the free channel on Telegram do so this week. I an raising the price of the indicator in the next few weeks to 199 GBP so stop sitting on the fence, because I will be raising prices in 2023.

Early days folks but my first trade,a buy on The Dax,i believe the setup met all the criteria for a buy or i fluked it,went up over 100 points after entry,i only banked about a third of that though
Be interesting to see Michael's thoughts on the setup