S&p 500 (usx500)

Hello Traders/ND,

Till date I was trading only GBPJPY and the reason was max volatility and aim was to get 10-20pips a day. With help of ND & Igor I abled to reach most of the time, but many times i gave back profit to market, due to range markets.

Recently, I came across DAX and S&P500 on MT4 and surprisingly found that in case of S&P, the ATR for day is almost 200/300 pips/day. And I started exploring chances to earn 10-20pips/day. And after doing some manual back testing, decided to try in real money with our Donchian and PriceChannelStop. And found very interesting results on trades around Frankfurt/London, wanted to share the screen shot for 2 very nice and simple profitable trades. If any one want to try on this.

Please share your views here.

ND/Igor,

Would like to have your views on this please, as Sharing because our members can get benefits of this.



Regards,
Jag

I did not trade S&P 500 but I think that this S&P may be more comfortable to trade related to GBP/JPY for example.

Very True.

Request to help me to improve the strategy, whenever you get time.

Regards,
Jag

Originally Posted by newdigital

I did not trade S&P 500 but I think that this S&P may be more comfortable to trade related to GBP/JPY for example.

To facilitate effective market analysis, traders are now receiving access to various technical indicators and signals on the platform they are using. In fact some forex brokers are also offering free market analysis even in the least means as per the extended facilities. What is the duty of a trader is to find out the correct results from the analysis and implement those outcomes of analysis in their decision making process.

Originally Posted by Taylor Woods

To facilitate effective market analysis, traders are now receiving access to various technical indicators and signals on the platform they are using. In fact some forex brokers are also offering free market analysis even in the least means as per the extended facilities. What is the duty of a trader is to find out the correct results from the analysis and implement those outcomes of analysis in their decision making process.

In any case, the trader is responsible for the trader's decisions. Therefore, what information he takes into account is only his decision.

Yes, that's correct. In trading, the trader is ultimately responsible for their decisions. The information they choose to consider, their strategies, and their risk management practices are all decisions made by the trader. This autonomy means that while they may use various data sources, analysis tools, and market indicators, the final decision-making process rests solely with them.

Now many investors are worried about this fact: the S&P 500 stock index set another historical high, closing near the 5650 level. And the biggest concern is insider selling. For example, the fact is known: Bezos sold over $900 million worth of AMZN shares

I've never traded the S&P 500, so I don't have enough updates following changes in the price of this index, but sometimes trade in GBPJPY, this pair is quite challenging because the volatility is high, but if you place the stop loss too close it often hits because of the volatility, to minimize this I sometimes use pending orders.