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Writer's pictureTyler - Training Traders

[Week 01 - 2024] Trades Recap and Trade Setups

Hey Traders,


As we approach the closing of year 2023, let us review our performance.


We took 41 market order trades with 37 of them reaching at least Take Profit - 1 level, resulting in a win rate of 90.2%.


With the 4 trades which also reached at least Take Profit - 1 level in our alumni channel, we end 2023 with a whopping 91.1% win rate.


Our performance till date is as follow:

2021: 68% win rate

2022: 72% win rate

2023: 91% win rate


With an extensive 3 years record, all fully verifiable, we have proved that our strategy has been consistent and profitable. As mentioned public signals will significantly be reduce as we transition towards providing value to our past learners in our alumni channel.


Reach out at info@trainingtraders.com if you want to be part of our alumni group.


Cheers!🥂


Upcoming Economic Release:

Weekly Economic Calendar for Week 01
Credit: ForexFactory.com Time: +8 GMT

S&P500 Futures

S&P500 extends further for 8th consecutive weeks

The S&P500 index closed another week higher, making it the 8th consecutive week but size of the candlestick can be seen constricting, indicating a loss in momentum and potentially leading to a fall in price. We will be taking a short position this week on the S&P500 index.



Dollar Index (DXY)

Dollar slipped to minor support

The United States Dollar Index slipped lower, towards the 100.525 support region but managed to closed the week by recovering some of the losses it experienced. The Dollar remains weak but trading above the 101.575 would bring the Dollar back to a more neutral level. Trading above 104.34 would tilt the Dollar back to bullish level while trading below the 99.365 would potentially indicate more downside for the Dollar.



Spot Gold

Gold struggles to break out of long term consolidation

Gold reattempts to breakout of the resistance region to no avail as it closed the week at the resistance region. Recent price movement has developed many contact points with the resistance region and could potentially indicate a breakout scenario. Short position should only be considered if price trades below the 2006 support region.



Trade Recap (Public Channel)


No Updates



Trade Analysis / Setups


S&P500 Futures (Analysis 1-1)

S&P500 Analysis

Analysis: Price can now be seen as overextended, closing higher for the 8th consecutive week. Momentum can also be seen as the breakout was not fueling with strong push towards the upside.


Short opportunity: Short at market opening as High Risk trade towards 4751 as Take Profit - 1 level



 

2024 Market Order Signal Accuracy Accuracy: - Wins: 0 Loss: 0

Join our telegram channel at: https://t.me/traineetraders


Wishing all of you a healthy and prosperous 2024 ahead!

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