The Golden Eye

If you want to see a big trade coming, you’ve got to have the name on your radar.

Sounds simple, but in my experience, traders get distracted by what’s popping at the moment versus stalking the big game for the big gain.

You need a ‘golden eye’ to catch the golden trade.

The golden eye simply means watching the behavior of a stock.

I like to say speculation is observation, pure and experiential, thinking isn’t necessary and often just gets in the way.

In my 35 year career I have seen the same patterns play out over and over again that tell me a stock is coiling for a big move.

This is because human nature drives price action and human nature doesn’t change.

Stocks have a tendency to play out in threes.

For example, you don’t typically see quadruple tops and bottoms… the 4^th time through is usually golden.

Consequently, I alerted subscribers to take FNV, a leading gold streamer, long when it cleared a declining 4 point trendline on April 9.

FNV exploded and we took the gain using the 3 Day Rule… 3 big range expansion days.

FNV walked off the breakout with a sideways consolidation… a Bull Flag.

I recommended subscribers take it long attain on Tuesday as it left a Peekaboo New Closing High buy signal. We were filled at 126.02.

On Wednesday, FNV gapped open and we sold half the position, booking a 2.85 gain and trailing a protective stop.

On Thursday, FNV gapped higher once again and we booked the balance of the long swing for a 9.60 gain.

Why not let it ride?

Well, I think FNV is going higher, but it satisfied a projection off the low at 138-139 which often indicates a reaction or a consolidation.

This is when we will once again be under the golden eye.

Red is 77
Blue is 138-139

99.999% of traders have never even seen the Square of 9... let alone understand its potential.

Do you dare to be different?