Hubert Senters here.
Let’s talk about the importance of figuring out which direction or whatever you’re trading is going. It’s very important. Like if you don’t know which direction it’s going or if you can’t guess which direction is going.
You probably have a snowball chance in hell making any money in the markets. So it’s pretty much down to trend analysis in a lot of this stuff. So why I use this? I use Ichimoku which a bunch of just squiggly lines and stuff on the chart.
And here’s a crib notes way to look at this. If it’s above this little thing right here in the middle that I’m pointing to with my mouse that’s called a cloud. If it’s above the cloud it’s long and you want to be bullish because it’s in an uptrend and will compare that to something like Bitcoin.
And we can say that right now Bitcoin is in a downtrend. Now, does that mean that Bitcoin might not go back up. That’s not necessarily what it means. What means is right now it’s in a downtrend so if you look at Bitcoin it was in a massive uptrend and then it went to consolidation phase.
And now it’s in a pretty good down trend. Same thing with the Nasdaq. The Nasdaq has been in a pretty good uptrend. Now, that’s done some consolidation but overall it’s up. The same thing if you’re going to look at INTC, Intel. So Intel is in a pretty good and breaking away to the down side and you compare that to AMD. And AMD is in a pretty good uptrend.
So number one you should just be able to figure that out. And then you can figure out the next step which is gap analysis and I’m going to cover that in the next video. Silas Peters is going to be doing a special webinar on Price Actions Secrets To Follow the Big Money Footprints. They’ve got one that’s happening right now at noon while I’m recording this video.
After the one that happens at noon today they’ll update. It will be the right date so it’s July 27th Tuesday at 2PM EST. In order to register for the webinar all you got to do is click this button right here that says CLICK HERE TO REGISTER. Little pop up is going to get you. It needs your first name. It needs your primary email address. It needs your cellphone so we can either voice call you or text and go hey, webinar starting in 15 minutes.
Good luck. Hope it helps. See you on the next video.
Hubert.