Hubert Senters here.
Let’s take a look at the markets. In particular we’re going to look at the stock Amazon. Ticker symbol AMZN.
As you can see it’s been a little tough to trade lately because the ADX is below the green line which is below $20 which means as a general rule of thumb right there from there which is technically from there to here.
That’s been kind of hard to trade. Even though Amazon has a wild range when it’s non trending like that it makes your job harder.
So as you can see here we’re at $17 and we’re headed towards $20 and it’s breaking above the cloud. That’s a good sign. That means it’s probably going to start trending for us and take out that $3,400 and then potentially take out $3,600.
So what I like to do is I’ll cheat a little bit. In trading if you’re not cheating you’re not trying. I don’t mean anything illegal.
But I mean you should try to systematize and make it yourself as effective and efficient as you possibly can so here’s one of those tricks that I’ll do for that.
So look down here at the bottom. Don’t look at the middle. I’ll remove middle really quick here. Sell all the green that means I’m good to go.
Notice how it went from green here. And then it was green. And then it went from yellow to green so it changed on a 10 minute. A 10 minute buy signal.
And now it’s developing into a nice little swing trade. Usually when you get a 10 minute buy signal. It’s good for 3 to 5 hours.
And then you’ll get an hourly buy signal which is what this did obviously back here. If you’ve got an hourly buy signal it’s good for 5 days minimum.
And then when you get a daily signal like this it can be good for about 20 days of upward move so you might want to think about potentially getting long Amazon.
This is the last webinar on this topic for this week as far as I know because I’ll be out of town Thursday through next Monday.
So I’m doing one last webinar this week. I’m sure we might do in the future. I just don’t know what they are on the calendar was so I don’t want to lie to you.
But tonight I’m doing a live webinar on How to Make $1,000 or More Risking Only $156.25. And yes, you can do this with a small account.
Smallest accounts I’ve seen is anywhere from $500 to $1500 if you want to day trade them. And if you want to swing trade them you’re going to need anywhere from a $1,000 to $4,000.
I’m going to HYPERLINK you to the registration page. Click register for my spot here. First name, email address and if you want to give me your mobile phone I will remind you via text or voicemail. Not voicemail, voice message. An hour before and 15 minutes before.
Good luck. Hope it helps. See you on the next video.