It pays to attend the Advanced GET / eSignal Learning Mentoring sessions......literally.
During Tuesday nights mentoring session, we were taking a look at the daily chart of JACK. With the current Wave 5 high, MOB resistance and clear cut divergence in the Advanced GET Oscillator, it met all the parameters for a beautiful counter-trend trade.
Over the last three days, the counter trend setup has played out beautifully and we are now at an area where it is good to take a little money off the table. Using a Regression Trend Channel and the 50% Fibonacci level, we can now reduce the position size and limit our exposure. This partial profit taking approach can help maintain profitability while accuracy sits shotgun. Always pay yourself for a job well done!
Trade Smart......Duane Gott
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