Hubert Senters here.
Let’s take a look at Adobe, ADBE. Obviously having a good day. It’s $13.81 up 4 percent. Good move for Adobe. I want to walk you through like what do you do when it gaps up like that if you want to trade it if it is above the cloud the day before it close above the turning line which usually is a good sign for going higher.
But what do you do? You just buy it right the open and pray. What I do is I use the system called Bett which stands for Breakout Entry and Two Targets. And then you can either call it a strategy or system whichever way you want to call it. That’s the name that we came up on it.
And it’s really an open range breakout and what it’s going to do is allow you to place a Bett because this is what we’re doing when we’re trade and Bett on things. And I already know it’s gapping up but do I mess it with?
Well, according to this strategy it’s going high. If you’re going to do that then buy it at $315.11. Stop would be $313.81 so there is my entry there is my stop. And it’s going to say target one and target two right off the first five minute bar ladies and gentlemen.
Entry two targets those stop has been hit and now you got to make a decision if you’re in this thing. I’m walking through a nice example with you. Do we sell it at $319 and call it a day or do you hold it over the weekend and then see if we can get a little bit more run?
If I was in this thing right now I would liquidate it is what I would do because I wouldn’t want to risk over the weekend and I’ll just risk on something else first thing on Monday. Anyway, hope that helps.
Mark Helweg is going to be going through all the ins and outs of this simple strategy on how to ‘’Eliminate the Guesswork in Your Trading with this SUPER Simple Strategy.’’ We call that a Super Simple Strategy, S cubed, Wednesday, December 18th. Click the big YELLOW BUTTON there to register for the webinar.
Good luck. Hope it helps. See you on the next video.
Hubert.
