A few weeks ago, I discussed how Apple had reached a critical point where it had to make its mind up whether it was in a trend run or congestion with the bias to the downside.
Now, if we look at the daily chart, we can see that on January 29th (green arrow), the push we were waiting for to the upside showed up, which coincided with both the weekly and monthly trends.
Next, if we look at our 120 minute chart, you can see this upward push occurred at the green arrow. It becomes clear that this is our entry, following the Hawkeye 3-Step Entry Rules (taught in our weekly training room). It is at this point that I apply the Hawkeye Profit Accelerator to the chart, shown by the Yellow Numbers 1, 3, 2, 1 above the price bars. These numbers indicate where you initially enter and subsequently ADD to your position following the 1, 3, 2, 1 sequence. The numbers are multiples of your initial base position, which in this case was 100 shares. So, when the 3 paints on the chart, that is when we add 3x or 300 more shares to our initial 100 share position.
Now, on the 60 minute, notice where I have placed the green arrow. See how previously, the volume had been green, indicating that the accumulation was taking place? And sure enough, it pushed itself back out to the upside just as expected. You can see how continuing to add to our position is really taking off now.
Finally, let me show you the most important point: how to really leverage into these trends and to make much bigger profits, by using our Hawkeye Profit Accelerator.
So, if you had been trading just 100 shares of Apple, and you were still holding the position through today, you would be up $866.
However, by using the Hawkeye Profit Accelerator, you could have added 300 more contracts to your position as prices rose. And by doing so, your profits would have almost tripled up to $2390! If you continued to add at the 2 and last 1 on the chart… you would have increased your profits even more!
So, by all means, if you haven’t picked up a copy of the Hawkeye Profit Accelerator indicator (Hawkeye Adds), please CLICK HERE to learn more, and start increasing your profits today!
We teach this and many other methods in our live training room held every Wednesday. Click this link for more information or to join us in class.
Please contact us at [email protected] for any questions you might have about using Hawkeye Indicators in your trading!
[The green arrows are for illustration only and do not form part of the software]