Hubert Senters here.
Had a question from a viewer what I think about Apple. I’d probably just wait until after election. You’re going to have some weird stuff going on and it’s Friday. I’m doing this video at 4:20.
You can’t really trade over the weekend. So I wouldn’t place a trade on Monday or anything. I would let the election get out of the way before I initiated new positions if you’re not already in it.
Now, if you’re already long Apple. It looks ok. The only thing I don’t like about it is the ADX right here. As you can it’s below $20. It’s at $16.02 which means it’s going to get in drift mode.
Which don’t tell us really well with the election. It’s in drift mode sideways. It’s probably going to ground your account into dust if you trade it until after election or I should say before the election.
Just be careful. It is in a two day sell. It got one bar below the cloud and a second bar below the cloud so you do have to. The lagging line is still going to hide until it crosses over there.
It will be an official sanctioned sell signal with 19 different confirmations. Overall Apple doesn’t look terrible. It’s in a valid uptrend.
If you’re a longer term investor you’re going to be looking on a chart like a weekly or a monthly not a daily. Overall it might pullback to like $104 which is about five more points lower. Probably bounce over there.
Trade Thirsty is doing a special multi-speaker even this weekend. Here are your speakers. I’m going to HYPERLINK you to this registration page. And then you can sign up by click her to register. Here are your speakers and there’s their speaking points.
Good luck. Hope it helps. See you on the next video.
Hubert.
—
Do You Suffer From Premature Profit-Taking?
Hubert Senters here.
If you suffer from premature profit-taking trailing stops to type or to lose which is affecting your PNL. Here is a free tool that it will help combat and fix some of that.
Now, there’s not a little blue pill like there is for the other problem if you have it but this is a nice free indicator called the Parabolic SAR.
Here are the current settings that I’m using on. The inputs are 0.02 and the AF limit is 0.2 whatever that means I always just usually defaults on those stuff.
What you’re looking at here is chart of Apple so we’re going to. I’m going to go longer term first. Let’s go weekly chart and as you can see as long as the dot is below the price action it’s telling you it’s in a valid uptrend.
And then as soon as it shifts from below the price action to above the price action it is now saying hey, folks you might either want to tighten up your stop-loss or actually sell this bad boy on the way down.
That’s how it works so obviously long exit or trail your stop. Just play around with it. It works on smaller timeframes too.
Like if you look at Apple like a 2-minute chart it will work. It’s going to give you a lot of different signals so it’s best that you figure the overall direction on the daily chart first and then you can see obviously on Apple.
There were more selling going on and there was buying today because it was down $6 and some. It works the exact same way and then it’s your job to figure out if you’re ok with that amount of risk that those dots are associated with.
Trade Thirsty’s got a multi-sspeaker event that they’re doing Toast to Traders event this Saturday. I’m going to HYPERLINK you to this registration page to these fellows so you can go over and listen to Dan, Troy Brian and Steven.
There are their speaking slot times and their subject matter.
Good luck. Hope it helps. See you on the next video.
Hubert.
