We-Spread SP500 vs DAX
Trading Plan for the week 2-6th November 2020
Sp500 go to new low of the month and close the week with a loss of 5%. Something is changing in the structure of the stock markets near the USA election 2020 and also for the new Covid fear in the world.
Considering the week just ended, with the trend suggested in my last study (see here) and evaluating an entry on Monday morning at 9:00 the result was:
- BUY of SP500 in loss of -150 points equal to -4.37%
- DAX SELL in profit of +804 points equal to +6.46%
with a net profit of + 2.1%
We believe that following the bearish trend of the spread can still be a profitable choice untill the curve will give us a new up trend confirmation.
Profits and Losses with We-Spread from September 2020
- DAX vs SP500 +9,75%
- GOLD vs Silver +15,39%
You can check all performance in our past blog published and in the charts.
Trading Room for spread trading
There are 2 dedicated telegram channels for spread trading updates:
We-Spread GOLD vs SILVER
Trading Plan for the week 2-6th November 2020
The current movement tends against our vision (sell of GOLD and buy of SILVER). Infact the new trend is going up.
Evaluating an entrance on Monday at 9:00 the results were the following:
- GOLD SELL +1.02%
- BUY by SILVER -2.20%
with a net loss of -1.18% or -0.16% with volatility fixing.
We believe that following the bearish trend of the spread can still be a profitable choice.
Intraday scalping levels
Trading Plan for scalping with Demand & Supply indicator + We-Trend
For users of the levels with We-Trend and Demand & Supply indicator, the week was commented in the new dedicated trading room (currently free for all) thanks to the collaboration with TheUnknowSoldier.
The levels studied with the indicators specially created for scalping such as demand & supply (recently available in the Kumo Breakout package HERE) and with the We-Trend have determined these charts to watch out for next week.
Update charts level
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For now see the video just published here.