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

A TOTALLY NEW CONCEPT IN TRADING

After a long time I am back with a brand new concept, that none of you will have ever seen. What if you could see the foot prints of the banks and market makers in the charts? I am talking about actually seeing where the big guys are trading.
All you have to do is simply wait for the big guys to start to get involved, then you jump on their coat tails and grab some of their cash.

If you are a swing trader or have a job simply drop the indicator on the chart then wait for the candle to change colour and set your order.

So first lets see a daily chart of the SP500, we can figure out what we are going to do pretty simply.

Usually, the coloured bars start to form before the turn so very often you get advance warning of a turn. Trading on the 2nd coloured bar would have netted about 7500 points since July. Now, we have an advance warning the SP500 is likely to turns up soon.

The indicator will work on any market and mostly the time frames over 30 mins produce exceptional results.


You can see right on resistance we got a coloured red candle formed at the top, a clear sell signal, so now we hold till the buy signal forms

Here on the M5 chart you can see the coloured bars forming at the lows. You can also see the pale yellow lines forming at the highs, so now I am simply waiting for a couple of coloured bars.

so on the M5 chart we have a valid sell signal, so looking to go short.

So this trade was good for about broker I use, as soon as you get coloured candles showing you simply close the trade
Of course you can get fancy and use really good price protection methods, in combination with the coloured bars you get some great trades.


Here is a possible level where I would look for coloured candles.