Hubert Senters here.
Had a question from a viewer Raj says thanks for the videos for your bracket trade. Does the high or the low need to be broken the next trading day after the gap down or up? Or can you still take the bracket if the higher low is broken in two or even three more days? It doesn’t. Let’s go through this example here.
Most recent bracket trade I was showing you guys on the free videos was GPS which is this gap above this would be a long $31.39 and then below this would be a short. Now, on this one it happened to fire off the next day. It could be any amount of time. It could be three days, five days, 21 days. It doesn’t really matter. Now, it’s usually not going to take that long.
They usually happen within three to five days but if it happens on the first day it’s got a little bit more power or momentum behind it but does not matter to me if it took three weeks to do this and then after that part then I could potentially either get long or get short but it’s a good question. Good question.
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Good luck. Hope it helps. And I’ll see you on the next video.
Hubert.
