Quick trading recap on two of the stocks we traded in the TTT ROOM called out on Saturday. How did we do this? Go read Karolein's blog post (http://www.tradethetrend.guru/community/how-to-use-fibonacci-retracement-part-1-of-2)
$HMNY - Looking at the chart below you can see that on the 28th we had a really nice uptrending day, then after we had a slight pullback day on light volume back down to where... Yes the golden ratio and uses it as support. On Saturday! I alerted my room and told them to watch for a bounce.
$WATT - Another stock we used to trade with the Fibonacci Retracement, huge run up into over-extension has a big red day into the golden ratio, we get a nice double bottom reversal pattern from here. You could take it long on the double bottom or when it uses the 0.5 FIB level as support and resistance.
I just want to congratulate two traders from my room, Dustinnakama and Tony!
Dustin has came along way since he first joined the room as he reminded me last night on how i always used to moan and shout at him for his mistakes he was making, however all of that moaning I did is now paying off as hes developed a great trading strategy and is now killing the market recently. He also traded the two trades above from low entries for great profits!
Tony has also now turned profitable after been down around $700 i believe. He always had the trading knowledge however he seemed to make some little trading errors every now and then, we have recently refined his strategy and his mindset has changed! Its time to kill the market now TONY!
I hope everyone has a very GREEN 2018! We are also making a in-depth powerpoint on some of the trading strategies we use, should be coming very soon!
Comments