So let’s go of a real example of how you use ambush trade so we’ve got Chipotle Mexican Grill breaking away to the high side and we want to buy a pullback. It’s on a daily chart. That’s a swing chart. We’re going to bump this down to like a 5-minute chart so it’s workable.
And then what we’re going to do is we’re going to grab our fibonacci tool and we’re going to drawl a fib. Now, we want to trade the high side and now at the low side so we wouldn’t be long and now short so what we’re going to do is we’re going to take our fib tool.
And we’re going to drawl from this low to that most recent high right there so from that low to that high and then that’s the zone we want to buy at. Now, you really have to decide are you going to buy when it goes to that zone like this? Or you’re going to buy when it goes out of that zone like that?
And that’s a personal issue. You also got to figure out what stop you’re using so that’s how you would use it. Breakaway trade on Chipotle Mexican Grill the zone to buy it would be $1,794 to $1,791. It’s pretty good little range there to participate in and that’s how you would do it and you just keep doing it.
So then now you go up another stairstep so you could go from this low to that high right there from this low to that high. And there’s another ambush and then you go up here. You go to this one. And then you’d move this one to here. And you’d go there’s a low. There’s a high.
50 percent retracement right there and then hold on. That is how you use it in real time if you’re looking for a breakaway to the high side or the low side. And you’re going to drawl from to high and let it pullback to you and ambush that price action.
Silas Peters is going to be doing a special webinar on Price Actions Secrets To Follow The Big Money Footprints. They’ve got one that’s happening right now noon while I’m recording this video so you can see it. After the one that’s happening at noon today they’ll update that and it will be the right date so.
It’s July 27th Tuesday at 2PM EST. In order to register for the webinar all you’ve got to do is click this button right here that says CLICK HERE TO REGISTER. Little 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 is starting in 15 minutes.
Good luck. Hope it helps. See you on the next video.
Hubert.
