In a recent post on the deployment of the CROSSHAIRS, I used FCX as an example. I now return to FCX to prove a point about the reliability and repeatability of the CROSSHAIRS. In other words, a simple pattern, such as the CROSSHAIRS, will repeat itself over and over again, thereby, providing a reliable source for consistent money making.
Let’s go back and look at the first trade IN THE CROSSHAIRS:
Here THE CROSSHAIRS provided a good entry and exit point for a quick profit. Then you had to PATIENTLY WAIT for the next CROSSHAIRS to form, which it did 14 trading days later.
Let’s look at the latest one. Here is the DEPLOYMENT CHART…
…and the DAILY “TERRAIN” CHART.
Here you have another CROSSHAIRS that formed on July 2 and the reasons for entry on this trade is the same as the trade 14 days earlier:
1) The formation of THE CROSSHAIRS on the DEPLOYMENT CHART.
2) 50 TANKS act as resistance on the DAILY “TERRAIN” chart.
3) A good profit target is provided as the stock has a high probability of moving toward recent support.
CONCLUSION:
Waiting for one pattern to repeat itself over and over again allows THE CROSSHAIRS TRADER to remain focused. Just as a SNIPER must remain focused on the enemy in order to survive, the trader must remain focused on the trading battlefield or there will be no more fighting.
When a trader jumps around from trading system to trading system or simply trades from emotion with no rules, the result is failure, and success, at best, is fleeting.
