SmartMoneySource

SNP500 Short Term Short Idea!

Short
CURRENCYCOM:US500   US 500
Help me keep on posting by clicking on BOOST! (it's like "liking")
This expectation is a framework to look for a potential trading setup; I don't just execute based on these levels, I always wait for confirmations on lower timeframes
This Analysis was done using my complete Strategy which includes:
- Smart Money Concepts
- Multi Timeframe Liquidity and Market Structure
- Supply And Demand
- Auction Theory
- Volume Analysis
- Footprint
- Market Profile
- Volume Profile
- WYCKOFF (IS THE KING)
- ETC
Trade active:
The trade is Active!
Ideally, I'll close 50% if it hits +1RR in profits to be risk-free. And then, if the price decides to hit the SL, I would be at break even.
I'll also consider taking more than 50% as profits in partials before even hitting +1 RR to be risk-free if I see a confirmation to continue higher.
Remember, this is the game of NOT losing money. That's how you MAKE money.
Comment:
The trade ran +0.90 RR in profits, and as advised on my previous comment, I took partials and I'm risk free, if I get stopped out it's still BE for me, the beauty of smart trade management :)
Trade closed: target reached:
I got stopped, but thanks to my trade management, as previously advised, I was at BE on this trade. I would love to send all my signals here, but a key to my trading success is trade management, and it would be a big hustle trying to continuously update everything I do when I have an open trade. That's why I'll limit my free posts here to just Analyses and expectations. In any case, they are delicious, with around 80% accuracy so far :) as

Learn how to become a Full Time Trader on SmartMoneyWay.com
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.