Hubert Senters here.
Let’s walk through a Fibonacci ambush trade which is just a fancy name for either a pullback or a retracement and you want to pull back at least 50 percent but you really don’t want to go past the 61 percent so it’s a perfect zone for a pullback in my opinion so I’m using a lot of different scenarios longs and shorts.
In this example, I’m going to show you on the bund so first you got to identify your highs and the lows points and you can draw all these things from pretty much anywhere. Just make sure that you are consistent in how you do it. So the way that my eye gravitates towards it is like this is going to be a good example one right here. This is a low and then this is the high so I’ll start here and then I’ll end here and then my Fibonacci line should line up about right here okay. And that would be the most recent one.
And then I’ll show you how I’m planning on buying a pullback on the next one. So in this example, we’re looking at the bund so I’m going to grab my Fibonacci. I’m going to go from this low to that high. And you can see right there in that zone that’s the zone that I want to nibble on the long side. And then as it goes through there now you would be in a profitable trade as long as you don’t get stopped out.
Now how do I do it for the next one? Really simple. I just look for my next swing high and low points. So in this case scenario I’m going to draw from right here. I’m going to start there. And then today, I would in there. Now, if tomorrow I get a candlestick that’s either up here or up here then I’ll start here and then I’ll in there so I’m always just re-adjusting on the day so let’s go and do that example.
So if I go from here to there very technical from here to there from here to there then I would be looking for a pullback to happen back into this area and then I’d want to be a buyer right in here and then let it drift back up for me. And I’m just going to have to adjust that throughout the days as I’m waiting for more days to close either higher or lower.
You can also do this on Intra-day charts and it works really do it on both the long side and the short side. Mark Helweg is going to be doing a special webinar on ‘’How to Profit from Wall Street’s Secret Research without analyzing charts for hours,’’ Thursday, May 16th at 8PM EST
Good luck. Hope it helps. And I’ll HYPERLINK you to the registration page.
Hubert.
