Hubert Senters here.
Let’s take a look at Amazon. Obviously, in the news with Trump talking about the tax State of Amazon. I already gain to that stuff much. I usually look at the technical but the news kind of shake out where the news is going to shake out because I’ve never met anybody that’s consistently over the long haul been able to trade off of news unless you just have some really good insider information on news that somebody else doesn’t have.
And then you get caught then you go to prison and the goal in life is to avoid prison or at least that’s my going away. Anyway, let’s take a look at Amazon. Amazon is sold off to the cloud and bounced off the cloud if you try to cheat a little bit here and heads up if you’re not cheating you’ve not tried as far as technical analysis.
You get a nice little 10-minute buy signal on Amazon. Place your stop at $1429. Let’s see if we’ve got an hourly signal. We don’t have an hourly signal so. The way I combine these two when I’m looking at this is if I know something that’s in a daily uptrend which I do Amazon and then I see a 10-minute buy signal here then my upper target on this side.
So if I’m long here my next target will be $1470. And then on the 60-minute, the underside of the cloud which would be anywhere from about $1520 to $1540. So number one, check to make sure I have something that’s a major uptrend that’s sold off and is trying to bounce off of the cloud, tam it with a 10-minute entry.
Stop-loss will be either the yellow or the purple line in this case says go $1429. Target would be right here at $1470. So inner entry would be $1447, stop would be $1429 and first target would be $1470 and then hopefully, it will continue to go higher and I would make more money.
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Like I said Mark is going to teach you some cool stuff here. Here’s what he’s going to teach you, intro to momentum indicator, learning histogram buy and sales, MA cross strategy. And then get ready for a $5,000 dollar top trader challenge so.
Education, nobody’s going to be trying to sell you anything. So you don’t have to worry about that. What they’re going to do is give you the opportunity to try to compete with your fellow traders and not everybody on Wall Street is there but it’s on the webinar. And then you have an opportunity to win $5,000 if you win the competition.
Good luck. Hope it helps. And I’ll see you on the next video.
Hubert.