Is One Trade Enough?

There's that old saying from the cowboy films that you shouldn't shoot at the enemy until "you see the whites of their eyes". Be selective? My FavFib trade is a living in itself. Just shooting at anything that moves doesn't work. Specialising in specific trading pictures does. My FavFib trade is one of those. I had a hard time with outside in trades until I needed a specific picture to trade.


Today's trade had price at the FavFib while the bigCCI was overbought. Not hard to see. It didn't sneak up on me. I had plenty of time to prepare. I even knew in advance where to place my order. All I had to do was pull it if the market wasn't overbought. I can even set up early warning alerts on different markets so I am there when the setup completes. No excuses.