Well for those traders who are looking for an even more conservative approach to getting involved in the markets, the 2618 trade is about as conservative as it gets.
What you'd be waiting for is a move back down into the 61.8 and either entering aggressively with a limit order at that level (or in that zone) or having that be the start of your "Kill-Zone" where you can then look for you entry reason.
If you're unfamiliar with this trade make sure to visit our site as we have a free training video on it. Good luck this week traders. I'm looking forward to seeing if I can throw together a positive week after getting somewhat beat up by the markets this past week.
Check Out The Trading Coach Podcast
Available on all Music/Podcasting Apps