Hubert Senters here.
Now, we’ve talked about yesterday about the importance of using fibs for your trading entries and for your exits. And if you don’t know how to use these things they can be pretty profitable if you know how to use them the correct way. So let’s learn how to use them the correct way. If you’re going to go long usually most of the platforms call it a fibonacci price retracements.
And if you’re going to go long what you’re going to do is you’re going to drawl from the low to the high. That is a long so you want it to pullback to this area to buy it. Now, inverse would also be true to the short side. If you’re going to go short. Let’s sayt when we’re going to go short this bounce you do it like this.
And then what we would do is we would drawl if you want to go to short. We would drawl from the dead high to these most recent lows right there and we would let that bounce into that and short it. So I’ll give you another example, INTC. It’s moving to the down side today. So if we want to short this thing and we’re going to do a major ambush.
What you would do is just grab the high and the dead low and you want it to retrace into here to short it. It works on all kinds of different equities stocks, options, futures, forex, crypto. Bunch of different timeframes. Day trade, swing trade and longer term investing.
If you’ve never use fibonacci retracements before take a look at them they’re very powerful if you know how to use them correctly. Silas Peters is going to be doing a special webinar on PRICE ACTIONS SECRETS TO FOLLOW THE BIG MONEY FOOTPRINTS. They’ve got now that’s happening right now at noon while I’m recording this video.
It’s July 27th Tuesday at 2PM EST. In order to register for the webinar all you got to do is click this button right here that says CLICK HERE TO REGISTER . This pop up is going to get you. It needs your first name. It needs your primary email address. It needs your cellphone so we can either voice call you or text and go hey, webinar starts in 15 minutes.
Good luck. Hope it helps. See you on the next video.