Certainly an equally valid technical possibility and a good R:R. If I were to trade off that level I would consider a stop below the 3200 base and trail the stop loss on the 4h.

S&P500 Futures Talks & Ideas

The SP500 has pulled back approx 2.5% from all time highs. What I would like to see is a 5-10% correction to the 38.2% - 61.8% retrace of the recent strong up move. If this occurs it would provide a good opportunity for a longer term position trade. ...

S&P500 Futures Talks & Ideas

Negative news regarding the Embassy hits in Baghdad (minor potential impact on SP500) and the Coronavirus (more potential to impact SP500) over the weekend could hit the markets with a sell off this week. I am waiting to see if this is the case and ...

S&P500 Futures Talks & Ideas

Reaction to the spread of the coronavirus could be the catalyst that induces a pullback in the SP500 from the current extended level. It is now a case of wait and see the depth and duration of this pull back, then look for opportunity. image

S&P500 Futures Talks & Ideas

3319 was tested and stopped out before rallying to resistance at current levels. It should be noted that price made a lower low intraday on the 4h. 3300 has not yet been tested and could offer good support. image

S&P500 Futures Talks & Ideas

Trade triggered at 3119 with price currently oscillating between local Support and resistance. The markets reaction to the Coronavirus scare has so far been muted with potential to significantly impact sentiment. image image

S&P500 Futures Talks & Ideas

Multile positive factors are supporting this strong rally ( FED, decent enough earnings, low interest rates, etc). Pull backs are shallow and a trailing stop on the 1h chart a good way to take profits in this trend and capture sizable moves. Nearest ...

S&P500 Futures Talks & Ideas

Positive ZEW economic sentiment data is significantly more upbeat than expected, making increasingly less probable that price will break current support around 1.108 in the near term. 4h trailing stop loss. image

Nearly Naked (Simple Trades)

Positive ZEW economic sentiment data is significantly more upbeat than expected, making increasingly less probable that price will break current support around 1.108 in the near term. 4h trailing stoploss. image

EURUSD only

The market remains strongly bullish with shallow pullbacks allowing entry to the trend. It has been the tendency in this market for retraces only to the first closest support level. Current potential levels are support at 3311, then 3300. For price ...

S&P500 Futures Talks & Ideas

SP500 has just demonstrated a typical bull market bounce off support, not much needs to be said about this. image

S&P500 Futures Talks & Ideas

Short triggered at 1.041, first target 1.036. image

AUDNZD

That's right, I made a few typo's in the original post!

AUDNZD

Resistance at current level 1.39 indicates that 1.41 - 1.42 as a potential swing entry into the downtrend for this pair, if this price level is reached soon. image

AUDNZD

SP500 has for the time being shrugged off events with Iran and made a new all time high. (Less potential for disruption to US oil supply now that the US has become the worlds largest oil producer.), crude prices have also retraced. I now am less ...

S&P500 Futures Talks & Ideas

The SP500 has so far seen buyers come in and pick up value following both recent Iran related jolts. This is a strong market that looks like it wants to continue higher. I am waiting to see what the Trump's next move is and assess the likely hood of ...

S&P500 Futures Talks & Ideas

SP500 is in a consolidation that will be resolved if there is a decisive market driver. image Main factors to watch here are; 1. Trump vs Iran - Downside risk of geopolitical escalation. 2. NFP on Friday - Traders looking to evidence of economic ...

S&P500 Futures Talks & Ideas

image AUD/USD reversed aided by geopolitics, however it clipped my stop before doing so! image

Nearly Naked (Simple Trades)

3213 acted as support intraday with a 10 point move up so far. All things being equal 3200 and 3150 - 3158 could be lucrative levels to trade. image

S&P500 Futures Talks & Ideas

Happy New Year All! The SP500 has sold off following the US actions against Iran. More clues will feed in following US open today as to where the market will find support. 3150-3158 support region is the area that I am most interested in. 50 ema is ...

S&P500 Futures Talks & Ideas