Predicting the sp500 on the hourly chart

This was a great set up Ed, well done, I did not see the trade but it is the ideal shape, it looks right, you are in the trend the timing is perfect. I usually try to run the trade to the edge of the circle. But really good considering this is your first trade.

Amazing trade to be honest. For me it's very hard to get any trade in the yellow zone. Anyway.. we saw market broke last low. So I would say we should take it as sell. Even though trade would be great with low stoploss. It was ideal entry. That's what I would say..

SF

Do not worry about the yellow zone remember that as long as the price is at the yellow zone or past it you can take the trade.

Hurst you told me that I should never sell in uptrend. This is considered uptrend I believe. Am I wrong? Or why you would try to sell here?

Thank you :o)

I would've thought the trend is down now,the lows of candlesticks to the right of the chart are lower than the lows of the candlesticks to the left

I thought the trend was down, notice I was not selling the top but a retrace, it failed sadly.

I got you guys. But on H1 definitely not downtrend. I'll check into this later. We need to filter it more probably.

SF

I added a 12 period simple MA, rules if you are under look for sells above look for buys.

Only use hour chart or H4 for trade selection, fine tune on 5 min.

When I was developing the indicator I noticed so very interesting relationships in not only time but also price.

I have listed these below:
see how the top square edge on the RHS marks the top of the retrace in time


The time to the middle of the circle within one bar equalled the retracement to the upper edge of the triangle.


Mid Point of the square marks the top in time
Lastly a square out

When I went back to see how this trade worked I saw the timing was spot on


So there are time elements in the calculation of the square which are well worth watching. These are the end points and the midpoints of the square.

Same dynamic on this chart except its to the lower edge of the triangle and right on the mid point of the square.

Hypermagic Line Indicator Reaction Points in Time
The mid points and end points of the square, and the edge of the circle often give turns in time.

The SP500 is shaping up for a sell trade soon
I seem to be the only one on FF that makes market calls before they happen. I think I posted it here or on my Telegram channel So if you are not on my Telegram channel you should be.

It made new low. We would redraw to correct it?

SF

Yes exactly, new lows and the indicator needs to be refreshed.

I sent this gold chart to one of our indicator owners last night.

Ideal price action to look for a retrace in gold to sell.

Still performs well... Even on the 5 minute chart!

Before
After (We would sell the pullback up to the line in yellow zone)
SF