Giuseppe Basile, CSTA/IFTA
FibStalker Trading
Summary: After day and weeks of patient wait, we have seen a number markets we have been following move to targets.
The most notable example, which also showcases the 80/20 rule in trading, i.e. 80% of your profits coming from 20% of your trades, is NZD/USD. It went to its first target at 0.6850 (300 pips of gains) after exactly 22 sessions. One month of trading.
But waiting was the right strategy. Also waiting for the 2nd target of S&P500 at 2,037 was the right thing to do. This market can continue in extensions higher if it participates at 2,017.50.
Silver move higher to fill it's intermediate target but it is not done yet, a move to 16.60 is anticipated.
Finally it was good to wait for the entry short in the USD/CAD that came at the 1.3404 area and pushed price over the first target 1.3060 into the previous lows at 1.2880.
See you on Sunday, 7.00PM EST and bring your pairs for a great weekly review.
Have a great weekend.
~FibStalker
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Come daily to Live Video and chat with experts and traders.
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The most notable example, which also showcases the 80/20 rule in trading, i.e. 80% of your profits coming from 20% of your trades, is NZD/USD. It went to its first target at 0.6850 (300 pips of gains) after exactly 22 sessions. One month of trading.
But waiting was the right strategy. Also waiting for the 2nd target of S&P500 at 2,037 was the right thing to do. This market can continue in extensions higher if it participates at 2,017.50.
Silver move higher to fill it's intermediate target but it is not done yet, a move to 16.60 is anticipated.
Finally it was good to wait for the entry short in the USD/CAD that came at the 1.3404 area and pushed price over the first target 1.3060 into the previous lows at 1.2880.
See you on Sunday, 7.00PM EST and bring your pairs for a great weekly review.
Have a great weekend.
~FibStalker
-----
Come daily to Live Video and chat with experts and traders.
-----
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