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[Previous entry: "More GOLD in them hills! 12.7% more!"] [Main Index] [Next entry: "DY precautionary exit -53 cents"]
03/06/2004 Archived Entry: "Fibmaster lets the Profits run!"
click here for 040305_es_3_5 chart
On Friday, 3/5, Fibmaster demonstrated once again how to let your profits run. (chat room subscribers Cal and Griffey realized some nice gains with this trade also). Of particular note is how Fibmaster added to his position: first, on the cross down of the 3x3 and TRSI on the 3 minute chart (on right), then more on the cross down on the 5 minute chart (on left). He then reversed the strategy to exit: covering partial position on the cross up of 3x3 and TRSI on the 3 minute chart, then the remainder on the cross up on the 5 minute chart. Notice also how it stalled briefly in the 1160 area and again in the 1155 area, but without a cross up of the 3x3 Fibmaster stayed with the plan and waited for the charts to give him an exit trigger. This was a classic "Letting your profits run" just as Fibmaster explains in his video seminar! Have you mastered this strategy yet?
For details see:
Click here for link to video lesson
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