Fausto Flags aren’t just for the 1 minute chart...@CTUCyberGroup #CTU #AftermarketRecap
Today In the CyberGroup Live Trading Room one of our biggest winners this morning was $MOBI. Towards the middle of the day it came off of its uptrend but at the high reached all the way up to $12.69. As most of my students know our goal is a “days pay,” but what if I told you that you could have known yesterday that this was going to happen today.
For all of my phase 2 students, you know that we do an entire lesson on Fausto Flags. Something to keep in mind is that this doesn’t just apply for our minute chart, it’s also the same rule on our day chart. In the above chart of $MOBI you can see two perfect examples. In the beginning of march the consolidation goes on for five days until you see it pop almost $2.50 and the same thing starting March 10th. After only three days this time it goes from $10 to a high of over $12.50!
By following this one lesson you could of maxed out with a profit of a little over $5 in only two swing trades. Remember this set up doesn't just apply to your minute chart.