TRADING TIPS

FDX Slingshot Trade

Hubert Senters here. Got a question from Elliot. Is FDX in a sling shot mode as of Wednesda 9/23? Thanks. Elliot. Let’s grab some charts and take a look. So you got a break below the turning line. It gets closes sometimes it will touch the purple and sometimes not. It will just have around it. And then you got one close above so below the yellow and touch or get close to the purple. You can be a little loose and then you want another close back above the turning line so you’re good to go. That is a slingshot trade. Now, just remember this is an NYSE stock so overall the entire might drifts down.  This thing might drift down. If the overall market drifts up this will drift up even more because it’s fighting the down trend that we’re currently in this week and last week. Mark Helweg is going to be doing a special webinar Friday, September 25th at noon EST on How to Potentially Predict Big Swings in the Market Using Nature’s Own ”Golden Ratio.” I will lead you over here to this website so that you can REGISTER. Good luck. Hope it helps. See you on the next video. Hubert.  

Submit a Comment

Your email address will not be published. Required fields are marked *

Share:

Facebook
Twitter
LinkedIn
On Key

Related Posts

Get Reports From The Trenches on What’s Working Now
Twitter Facebook

 

IMPORTANT NOTICE! No representation is being made that the use of this strategy or any system or trading methodology will generate profits. Past performance is not necessarily indicative of future results. There is substantial risk of loss associated with trading securities and options on equities. Only risk capital should be used to trade. Trading securities is not suitable for everyone. Disclaimer: Futures, Options, and Currency trading all have large potential rewards, but they also have large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don’t trade with money you can’t afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, options, or currencies. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.