What Makes This Trade Great: Embracing Go No Go Charts
What Makes This Trade Great: Embracing Go No Go Charts
Aug 9, 2024
Hello traders, Barrie Einarson here with today’s edition of “What Makes This Trade Great.” Today, I want to dive into some key trades that stood out and show you how the power of Go No Go charts can take your trading to the next level.To Subscribe: https://go.trade-ideas.com/SHQ
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Let’s start with IOVA, a trade that came through our AI alert system. The alert signaled a short at 9.71, and here’s where it gets interesting. If you’ve been following my insights, you know I’ve been exploring Go No Go charts lately, and I’ve got to say—they’ve really been delivering.
At the moment our AI suggested the short, the Go No Go chart transitioned from pink to deep purple. This color shift was crucial. It aligned perfectly with the AI’s recommendation, giving that extra layer of confirmation. The result? A beautifully executed short that worked out exceptionally well. Now, I’m not saying every trade is going to be this smooth, but when the chart transitions like this, it’s a signal that deserves your attention.
Next up, let’s talk about EVH. This was another one where the Go No Go chart played a pivotal role. The transition I was watching happened right around 27, and as the chart moved from one color to another, the stock tumbled down to 25. Although I didn’t catch the trade right at the top, the color shifts kept me confident enough to stay in the trade. These transitions are becoming a game-changer in how I approach my trades, and more importantly, they’re helping me hold my positions longer, even when the market gets a little choppy.
What’s critical here is understanding how these color changes can inform your trading decisions. For example, when the chart transitions to deep purple, it’s often a sign that the trend is strong, and you might want to ride it out. But when you see it start to shift back towards pink, it could be time to take some profits or at least be cautious. These subtle cues are what make Go No Go charts such an intriguing tool for traders.
If you’re curious about how these charts work and want to see them in action, I’d love to have you in my trading room. We go through these charts in real-time, and I demonstrate exactly how I’m using them to make smarter, more informed trades.
So, whether you’re a seasoned trader or just starting out, these color transitions can give you that extra edge. Trust me, once you start seeing the patterns, you’ll wonder how you ever traded without them. Check out my homepage for more information.
That’s it for today, folks. Have a great weekend, and I’ll see you back here on Monday.