Fibking95

Fibking95

We had a zone here in Abbvie. got the trigger, got long and got taken out as soon as we broke the lows. Another example of a bust. We don't hide anything here. Loosers winners..were an open book.

Fibking95

I want to be categorically clear..we don't have a 100% win rate..and were not embarrassed of our busted trades. This was MCD and we had a zone here at that arrow. We got the trigger, got long and the following day gapped down. As soon as we took out those lows, we were out. We don't hide our losers or pretend they didn't happen. This was a BUST

Fibking95

This is why we watch targets. We posted the warning a few days ago or whatever. Hopefully you guys protected any shorts

Fibking95

Golds in an uptrend so were not looking for shorts BUT we do have targets were coming up on so this is a little extended up here so a pull back becomes more probable. The way we manage at targets, like weve said before..we dont just get out.. we start managing the trade and take some profits. Im usually out of half or more of my position by the second target and...

Fibking95

Watch for trigger against the zone. NO trigger NO trade

Fibking95

Watch your triggers

Fibking95

NO trigger NO trade

Fibking95

Take the time and look at this. Theres A LOT of miss information about candlesticks out there. IF used correctly they can be very helpful. Any tool being misused will not work and can get a bad rep. The signals Work BEST after down moves AND there into support. I have traders that use them for Triggers. There are a few more we use But here are some. For anyone who...

Fibking95

This is starting to come up on targets. (first target) the second target comes iin much lower. Were trend traders so were shorting rallies at key levels until it doesnt work anymore..but usually at targets you get a bigger bounce that fools people into thinking a serious low is in. SO were watching key levels on any bounces and we will short them again until it...

Fibking95

No trigger NO trade

Fibking95

As long as we can hold the zone canopy looks like it can try and make it way up into the 100s. We held the zone and so far held on the pull back..those are the two things i look for for signs of strength. ALWAYS define when your wrong but buying the pull backs with defined risk is what will be doing.

Fibking95

If your a trend follower (which i recommend everyone be) your job as a trader should be two fold #1. Figure out what the trend is...UP? DOWN? or SIDEWAYS? #2. after establishing that...find the support (in an uptrend) resistance (ina downtrend) and take the trades off the zones The wave helps automate both of these things.. It helps define the trend..and then...

Fibking95

Follow the trend. The last trade for a trend trader in a trend will almost always be a loser. Id rather buy all dips and catch as much as i can of the move and get stopped out on the last trade, then think every new high is the top. Just follow the flow. This has longer term targets at 250 so overall have a bullish bias on this. Trade one decision to the next. NO...

Fibking95

MCD at the first target. Same thing we did with abbv. Were taking between 30-50% of the trade off (depending on how you manage a position) and starting to trail up stop (if you bought the stock outright) were in trade management mode now.

Fibking95

You can see what your wanting to do is figure out what the trend is..let the wave tell you what the trend is and give you the support and resistance In that trend you need to take the trades. Your looking for clarity. If one time frames is messy and sloppy then find a time frame that gives you a clear picture on whats going on. Let the wave do the heavy lifting in...

Fibking95

This is what the wave looks like for anyone interested from my last post. This will help you new traders understand the different kinds of trends a market can take on. Dont over complicate it. If your not trending nicely then go find something else to trade. This is GE and is a good example of an uptrend. We have the green bars and the wave is slanted up at a 12-2...

Fibking95

Please people wait for triggers on exxon..if your a trader take the swing trading triggers..BUT if your wanting to try and put this away for the next couple years for an investment, please wait for the 5/13 EMA on the daily to cross. We use different triggers for different things. you gotta figure out why your buying the stock before just getting in. Please be...

Fibking95

We had a short setup on the weekly and monthly charts awhile ago..dont think i posted it on here.. but targets come in at the light and dark green lines..Idk if will get up to that next daily short zone but as long as we stay under that were bearish the euro and still looking for targets. If it bounces into that zone and we get triggers, will be taking the short,...