Hubert Senters here.
Let’s take a look at the Ichimoku on a 60 minute chart. Now, this is a little tip if you’re trading bonds this will help you out. And if you’re not trading bonds it will still help you out with the overall use of Ichimoku. This is a 60 minute chart. If you have a sell signal that crossed from above to below. Let me show what I’m talking about. See how it was above here and then it went below right here.
When it crosses below the cloud that is usually good for at least three to five days of move to the downside. Now, on the daily chart the overall trend is still above the cloud as I’ll show right here with a quick snapshot. That’s still above the cloud so that’s a long. But the intermediate the medium time frame is gone. Well, that’s great but we’re going to pull back for the next three to five days.
You can make a decision to short that for the next three to five days and just play scalps to the downside. But I wouldn’t get married to that. So what do you do in that situation? Well, today we know that we were coming into this market and it was already a little weak. You could do a sneak attack this morning but it didn’t fire off until later in the day so that wouldn’t qualify so tomorrow and tonight you can play some shorts with tight stop-losses and just know that you got a three to five day move to the downside before it reverses and starts coming back up.
So what I do is I usually tend to avoid the downside dry drift here and I’ll wait and get long when it goes back above a 60 minute signal or a 10 minute signal on the longs I know. We’re going to be doing a special live bond trading boot camp. I usually teach it once or twice a year live.
It’s going to be Sunday at 6PM EST to 9PM EST and I teach you all my bond trading strategies. I’m going to HYPERLINK you to the shopping cart if you want to buy a ticket for that. We have limited spots available for the Sunday Live event Sunday, this Sunday at 6PM EST.
Good luck. Hope it helps. And I’ll see you on the next video.