Hubert Senters here.
Let’s take a look at Gold. This is a 60 minute chart. If I move over to a daily chart it will make more sense to you. So first I know gold is in a major uptrend as you can see in this daily chart. This is the most recent and daily long off of the Ube pro long here target 1, target 2 and it’s still troubling the stop.
Let’s pretend you’re not in this big massive trade that we’ve got going on. What you would do is you’d scale down to a say a 60 minute chart and then you could see how the last trade went was a 14X the last big winner on Ube pro on gold was a 14X from down here. Okay. So pretty simple.
The two before that were real tiny little losers and you had a big gain of 14.4X and then you got a real tiny loser and a very small loser so you’d say 14X minus say 4. It’s not even 4 because some single losses of 1X. So what I would be looking here in a 60 minute is letting the daily tell me yes I should be long gold.
But letting the 60 time entry for me if I’m not already long gold I’m long gold though. So in this case scenario this is the most recent one that just fired off. We can see it went long at like $1,510 and it immediately got stopped out for 1.1X the one before that was point 4X.
So yeah you’re going to give some back of that initial 14 experts you got but eventually one’s going to catch again and then you’re going to make another multiple X or will it be 3, 4, 5, 6, 10, 14.4. Now if you want to drill any more you can be careful I won’t do one minute chart anything less than a five minute chart is going to be really way to more too many signals than you can filter through so.
You know keep it they’ll go crazy on it but let’s say we went down to a 10 minute chart and we had a 10 minute long then you could just let this thing do the work for you and you could see that this most recent one if you want to take it, it was right here at $1,503, $1,507 would be the entry and the stop would be $1,503.
The white line is the entry the blue line is the stop. Okay. And then we target 1 and target 2. Mark Helweg is going to be doing a special webinar on this entire strategy. I will HYPERLINK you to the registration form.
Good luck. Hope it helps. See you on the next video.
Hubert.
