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What To Do if You Miss a Great Trade

Hubert Senters here.

In the last video, we were walking through an example Expedia. It had a big gap up. If you got long, you know, Thursday evening, Friday gap up, it’s been rolling in the Dow so to speak.
What will you do if you miss that situation?

Here’s how you handle that. Number one if you’d look at on a longer timeframe, it’s gapping above. Let me just put a chart for you really quick.

So here’s Expedia. It’s gaping up. You can see that it’s had a low down here at about $94 and it’s working its way. It’s in the cloud. And it’s decided it’s going to jump above the cloud.

Now, we’re going to go back over to UBE pro here and now, I would have played the long side but I want to pass on the short side. And the only reason I want to do that is because now it’s above the cloud.

Then I’m going to go UBE pro. So if you are smart enough, lucky enough or whatever and you’ll make $73X not a bad opportunity to do that. The risk where the connings to do it. So, on the next trade set-up you missed that, here’s your next setup if you want to take it.

You’re going to go long at $121.17. The stop is going to be $120.23. The ATR risk, the risk that I’m taking is $1.19. I’m okay with that. Anything below three or four. I’m pretty good with.

My first target is going to be right here, T1 I’m going to sell half of that position and then my target two, it never got hit but my trailing stop did and I was able to make $1.98. Half of it I would have made $17 to $74 so 0.60 cents and then the last part of it actually I made about 0.60 cents at a risk reward ratio of risking one to make basiclly two.

It’s not great but it’s better than probably be yourself because I really want to do one to three or one to five. Now, you’re never going to know what the risk is until you X it or the profit, the potential. But you’ll always know the risk and you’ll find out what the reward was. Always figure out what the risk is for. I cannot emphasize this enough.

It is the most important thing. I see a lot of people think about the reward first and not the risk and ends up just wiping them out. We’re going to be doing a webinar on this strategy. I’m going to HYPERLINK you to the webinar registration page.

Good luck. Hope it helps. See you on the next video.

Hubert.

Cloud Chart Questions

Hubert Senters here.

Let’s take a look at some of the questions that you may have about Ichimoku. Does it work on stock options, futures, forex?  Yes, it works most on those stuff. Now, it works on some things better than others obviously and will cover that in the workshop on the webinar Monday at noon EST.

But more common question is does it work in both up trends and down trends? Yes, it works really good. So I’m going to mark you up some chart here. This is a long signal here on the Nasdaq.
You can see it’s going higher. And then I’ll flip it over here Crude Oil on the downside. And as you can see right here, here’s a good little signal on Crude Oil right there, that’s a short. And then if you have some other things  that you want to take a look on the short side.

Let me change the chart here. Here’s Wells Fargo. You can see that’s a nice little short below the cloud. Now, obviously, clearly different techniques have pluses and minuses what this is not great for.

And if you’re under the dilusion that you can think anything and the market will do this, I’ve never seen cloud making buy that dead low here and get out at the dead high or short here and then cover here.

I’ve never seen anything that works like that in my 20 plus years trading in the markets. If it did I would buy it. Just like you all look. What is good at is getting in the middle if you use some good risk reward ratio.

In this example, you can got long here and you could got short there. And you could take profits along the way. And I’ll be going through more of this detailed setups on the webinar Monday at noon.

I’m going to HYPERLINK you to that registration page.

Good luck. Hope it helps. See you on the webinar Monday at noon.

Hubert.

Cloud Charts Support

Hubert Senters here.

Let’s take a look at all the lines scan. I’m going to put all the labels back on here and give you a little bit of how they are calculated.

So cloud, CLOUD. Yellow line closes to the price action. Turning line next one closes to the price action. Standard line and then the lagging.

The reason I like this indicator so much and you’ll probably enjoy it too. And it’s freely available in every platform. I’m going to teach you how to use it Monday.

This is what happened in the past. This is what’s happening in the present also known as now. And this is telling you what may happen in the future. So this is a 9 and this is a 26.

It’s not a moving average. It’s a mid point average. But then I’ll walk you through this on the webinar Monday at noon. But what you’re looking at past, present and potential future. This is going to act as real time support one, real time support two.

Real time support three and real time support four. And heads up, if it breaks below this you don’t want to be long anymore. Now, you want to be short. So I’m going to bring in the page to register for the webinar on how to use Ichimoku and how to register. That’s going to be taking place Monday, February 17th at noon EST.

And I will lead you over here to this form so you can register for the webinar.

Good luck. Hope it helps. See you on the next video.

Hubert.

How to Figure Out Risk Real Quick

Hubert Senters here.

Let’s go through the stock symbol, ALB. This is one of the stands that I do everyday and this is in my model portfolio so I know this is a decent long for me to trade on the long side.

So as you can see obviously, it’s above Ichimoku cloud here and it’s green. I want to buy pullbacks and or breakouts.

Then what I’m going to do is I’m going to bring out this two minute chart right here and then look at it to show you how I would, you know, figure out if I’m going to take the risk reward ratio on this trade.

So when it opened up I already know it’s in a pretty good uptrend. Let it trade and then you can see it saying hey, you should be long at $88.25.

I can’t do that because it’s already passed $88.25. It’s already passed my first target at $88.48 and $88.70. Modify that what you can do is you can just say I’m going to go long at the close with that first two minute bar so you would be long here at $88.74. In this situation,

I pretty much know I’m risking. I can just eyeball it and say I’m risking $2.78 ATR so anything below three or four I’m okay with. And then all I do is i just scale out at the same type of scale.

This is how I really do it right here. This is the box of risk right there. So if I’m long there I know I’m going to be one box of target and then another box of target. So what I would do is very simple is I would exit at $88.97. And then also a quarter at $89.20.

And then my last stop-loss would trail me out right here at about $89.56 for 4.9X. That’s good so when you think about risk reward ratios I want to risk one to make it at least three or risk to one at least to make it five. In this case scenario, I was out of three quarters.

In this example, out of three quarters and then on the last quarter out at basically 5X, 4.9X.
And that’s how you do it.

Mark Helweg and myself is going to be doing a special webinar on ‘How to Take Minnow Risk to Target Whale Profits’ Wednesday, February 19th at noon EST. I will lead you over to this form so you can opt-in and attend the live webinar.

Good luck. Hope it helps. See you on the next video.

Hubert.

This is One of the Most Important Things

Hubert Senters here.

Let’s take a look at Expedia. This is a two minute chart and you can see right at the center of your screen here which it says a $73.3 X.

And that would have been if you have been smart enough, skilled enough or lucky enough to grab this bad boy yesterday when it fired off a signal.

So in this criteria I’m going to walk you through like a risk reward exercise because this is almost important for everybody. It will help you be profitable quicker in my opinion.

In this example, Expedia fired off a long at $110.23. And its risk that it said I could take if I want to take the trade was an Average True Range of $1.32. As long as that things blow three to four I’m okay with the risk reward ratio.

You need to buy basically $6,600 share. My target one base upon the risk reward ratio is $110.46. You can see I’m only making 20 cents. And then here about 40 cents. So this target two right here. Target one, target two and then it closed. I still have a quarter not a half but a quarter of the position left in this example.

And then it’s got a trailing stop-loss that then eventually would have stopped you out right there and that number would have been $121.22. So the risk reward ratio is calculated off an entry of $110.23 and now it’s trading at $121 so a 10 point big gap up. Now, you can’t predict that gaps.

You can know if they’re going to half or not base upon a news event or earnings. You know they’re probably going to happen. But you don’t know if it’s going to be up or down.

But the number one thing you should focus on anytime you’re trading is always think about risk first. Does it fit my parameters? And then reward second.

Mark Helweg and I are going to be doing a special webinar on ‘How to Take Minnow Risk to Target Whale Profts.’ Craking the Code of the Market Wizards. This is going to be Wednesday, February 19th at noon EST. I will hyperlink you to the registration page.

Good luck. Hope it helps. See you on the next video.

Hubert.

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