Hubert Senters here.
Let’s take a look at CCI. It’s one of my continuation of long trades. In other words, I like to trade this thing both short term long term and medium term. And as you can see it’s got a nice little trend to it. Now what I’m going to do is I’m going to flip over to.
So this is a daily, it’s still in a good mood. Looks like it’s going higher. I don’t have any problems with it. What I’m going to do is I will more flip over to a different workspace which is this is just on a two minute chart with the Ube pro and what this is going to do is let me know I can have an entry this morning at the open at $144.83 on a two minute chart.
My risk is going to be $2.86 ATR or so I’m going to risk from $144.83 down to $144.50. It’s not a big amount of risk. I’m risking basically 33 cents. First target was hit at $145.06, second target $145.30 and then the third trailing stop-loss so out of half at a quarter. The stop-loss is not going to be moved up to $144.52 so it’s moved up to pennies.
As this goes higher this will trail that if it goes lower, I will get stopped out on that last quarter of my position and this way I don’t have to really make a ton of decisions so I don’t suffer from decision the fatigue first thing in the morning from figuring out what I’m going to trade am I going to trade at high or low and what’s my entry, what’s my stop and what’s my target so it kind of automates a lot of that decision making process and just going to make sure that I pay attention to it.
Mark Helweg is going to be doing a special webinar tonight on ‘’How to Take Minnow Risk to Target Whale Sized Profits.’’ I’m going to HYPERLINK you to that registration page. Click that yellow button that says claim my spot now to register for that webinar Wednesday, August 21st at 8PM EST.
Good luck. Hope it helps. See you on the next video.
Hubert.
