Here’s the weekly update for week ending 03/04/2016. If you listened to my forecast at the beginning of this week, I’ve said “BUY, BUY, BUY”. You can probably guess how my trading week have ended. Watch this 4-minute video to see how I’ve used Wett Trader to make money this week folks!
This is March 04, 2016. This is Paul Wett with www.WettTraderLLC.com.
Hey boys, did you listen to my weekly forecast? because if you did, you’ll know what I’m about to say and this was the topic of my weekly forecast at the beginning of this week that was “buy, buy, buy boys” “buy, buy, buy”.
As you can see here, this whole week all the way since monday, we sold off a little bit. We’ve made a lower low, came back down here. We had a buy so we’re still looking for the next five bar high.
Now, like I’ve said folks I don’t have a crystal ball but what I do have is I have Wett Trader LLC. What Wett Trader does, it uses the retracements as you see right here and you can clearly see we have a number right here 2006.88 and if you look here and you see what the high of the day is actually let’s look at it. 2007.5, 2007.5 we have an R2 of 2004. We had an R2 of 2014.25. I’m telling you folks there’s only two places these markets turn, two places, two places these markets turn. They turn into resistance and the support either our resistance number is R1, R2, R3. Monthly, weekly, daily or they’ll gonna turn on this number folks.
Now with my formula at www.WettTraderLLC.com with my software, this will automatically make trades for you and if you see here, we have:
- a trade day
- low
- there’s a buy down here
you can see where the buy was, 1804.56 is where we’re predicting the support, 1798.41 is the next one when you stop in between and we plus or minus six points and then close it. So from 1810 on, I’ve been a buyer of this thing and I’ve been selling the bounces all the way and buy the retracements as well. Back and forth, back and forth and that’s how you make money folks, that’s how you make money www.WettTraderLLC.com
Now I have to reset the software a little bit. This week I’ve been updating it, I’m trying to add a few more features folks that will make it so easy for you guys. Trying to show you high probability trades, this was the 20 minute and I just turned this version on last night so there’s not a lot of trades in here but let me show you what I was doing this week or today during the market.
Right here we had a nice buy early in the morning and it kept going up,up up, up, up, up, up right here. We’re really close to R2 – 2004, I’ve flattend it and got long again. The software automatically sold. Now this was me flattening it, when you see the green dot, that’s me getting out. If you see a dot on top, that’s the software getting out.
So this sell here got out here, then it sold it again and I got out, I got out here because I knew right away I didn’t want to “sell, sell, sell” so I flattened it right away. I think that there’s a one point loss, $50 I’ll take it, and then we have a nice triangle coming here, so it went long here again and it moved to it’s own stop up here which is R2. So this was a nice trade from R1 to R2.
Like what I’ve said folks, it’s all you’ve got to do. This is a 5-minute chart and I’ve flattened this because I knew once we hit the next number and we start coming back, I don’t want to be buying this thing once it gets below this 99 because why? Now it’s going to hit the other way right? So now, I’ve got to wait and find out the next level of support. See, you’ll all learn this stuff with www.WettTraderLLC.com.
Try the FREE demo, www.WettTraderLLC.com. Thanks folks!
Have a great weekend! Listen to my next weeks’ forecast, see what’s coming next!
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