How do you trade a market that slips further and further from a level that looked attractive before it was too late? It's going, going, gone... Or how about seeing those monster moves and saying to yourself, "market order now or I will miss it", and so you do, and then you get torn to shreds.
The question then is, how do you avoid missing a large move without getting your head ripped off in a reversal. The answer is simple, trade the way a professional trades and you won't get caught in any traps. A professional has a disciplined approach with a strategy that suits their own trading style and account size which allows those trades to come to them so they will never feel like they are missing anything.
If you are one of those who is unsure of their strategy and is currently sitting on the sidelines watching the e-mini S&P futures continue its grind higher consider this. You missed over 180 points in returns from a very simple fib strategy and the move might be coming to end soon.
Here is what you missed after we got the bounce on October 16th: 10 point stop for all
1. Buy 1872.75 Sell 1899.50 + 26.75
2. Buy 1888.50 Sell 1912.00 + 23.50
3. Buy 1924.25 Sell 1953.00 + 28.75
4. Buy 1938.25 Sell 1964.75 + 26.50
5. Buy 1948.75 Sell 1973.75 + 25.00
6. Buy 1965.25 Sell 1995.25 + 30.00
7. Buy 2002.50 Sell 2026.00 + 23.50
Here is what to look for now:
A. Place a buy order at 2021.75 and risk 10 points
B. Take Profit Zone- Take profits at 2038.25
C. If there is a strong close below this Fibonacci Level there is a trend reversal so the next trade set up is a half way back short at the 50% retracement of the downward move from highs to lows.
The Fibonacci strategy I used here provides very specific entry and exit points. It works on all markets but the stop loss will be different for each. If you would like to discuss any of the following you can reach me at 888-272-6926 or e-mail at [email protected] . I look forward to speaking with you and assisting you with catching the next move.
5 thoughts on “How To Find the Dips In A Trending Market”
Based on the example you cite, and if the timing is right, you would have made about 8/10ths of 1%, before commissions. I don't know anyone who's chasing that kind of money...
Hindsight is a wonderful thing............ Too bad we can't trade "what was"..............
Can't read the chart numbers.
This looks like it might be interesting, but the chart is virtually unreadable.
I apologize for the chart size. Please e-mail or call 888-272-6926 and I will be happy to send you the chart in a larger format.
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