TRADING TIPS

Down and Dirty With the Cloud

Hubert Senters here. Got a question from Simon says he was following /ZN on TOS on the 10 yr bond also /GC gold. The trend is down on the daily. I watch the 1 hour chart where the price and lagging line are below the cloud, turning line is below the standard line. I’m going to put this on and see which it did first. I’ve got the first part. Check on the daily trend is down correct. We are both on the same page. I;m going to change that to a 60 minute chart. Got you. I think I know I got where you’ve got. You’re talking about down here just because I got this question a couple of days ago. And I didn’t know what your phone so Sarah sent you an email asking what your phone so I’ve got you. Overall daily down trend. This is a 60 minute and then you can see that the turning line and the standard line are either here or here. I kind of know what you’re looking at. The price and tbe lagging line are below the cloud. That would be down here. And the turning line is below the standard line. It’s pretty center. But the price is rising with a bullish PAR-SAR. So you’re talking right here pretty exactly. That’s pretty common. I lok at a 10 minute where the price is below the cloud and the turning line is below the standard line. Would it be wise to wait for the Parabolic SAR on a 1 hour to turn bearish with this? So here’s what I would do. Here’s how I look at this Simon. This might help you. So if I look at daily timeframe on the bonds. They’re clearly going down. You see how this is bouncing right here. I’ll cheat with both the 60 and the 10. Let’s cheat with the 10 first. So we’re going to go to 10. And go down here and go 10 minute. Now, the 10 minute back here was below the cloud but the Parabolic SAR starting to get me by dots and I started closing above the turning and the standard line. So what I tend to do is do this. I will wait for this sucker right here to close one to three bars above a 10 minute signal above the cloud. Follow? So around this area like $132’10-ish right here in this area where you’re going to get in. And then I look at a 60 minute timeframe. Let me change this down here. I’ll change this to 60 really quick. And what I know what might happen is this. So this is your 10 minute buy signal and the 60 minute probably they’ll slam into it like right here or I’ll go through it and then close higher. So when I’m looking at a 10 minute buy signal on something that’s trending lower I know that it’s going to go on the opposite direction for at least three to five hours. Then when I get a 60 minute buy signal I know that’s probably going to continue anywhere from three to five days. On the bonds I think it’s going to be shorter because we’ve got a lot of pressure on so now how do I re-establish the short? I will wait for the 10 minute to drop back below here and then I’ll ride that wave to the down side. But you can also do exactly what you said and you can wait for the 60 minute to get re-bearish back down here at like $132-ish. It’s going to be around $132’04-ish. And then I know that will have me three to five days to the down side. Johnny Seville is going to be doing a special webinar Wednesday, March 10th 8:15PM EST. I’m going to HYPERLINK you to the reigstration form. Good luck. Hope it helps. See you on the next video. Hubert.  

1 Comment

  1. Win

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