Remember to leave a comment below. Hope it helps Hubert
How do you start your trading Week
Remember to leave a comment below. Hope it helps Hubert
Remember to leave a comment below. Hope it helps Hubert
Remember to leave a comment below. Hope it helps Hubert
41 thoughts on “How do you start your trading Week”
AOL sucks! Everyday you send me a video and I can’t watch it. I can click on the most popular and they play fine. The one I want to see won’t work.
Michael Kutlich
Try one of these browsers it should fix you issue:
Chrome:
https://www.google.com/intl/en/chrome/browser/?&brand=CHMB&utm_campaign=en&utm_source=en-ha-na-us-sk&utm_medium=ha
Firefox:
https://www.mozilla.org/en-US/firefox/new/
Hope it helps
Hubert
I start my week look at the ES, YM, GC futures on the daily and 5 minute charts. This gives me a feel for where the market opened and what it may signal once it opens the next day. looking for up and down overall direction. I also download the IBD 50 and look for stocks that are nearing buy points. I set up resting orders at support on stocks that have run and are at resistance. Sometimes I can get a quick sell off then a reversal and get into the stock for a nice gain. FB is near resistance. will be watching it on monday to see where the traders want to take it.
Ken
IBD 50 great way to scan the markets.
Hubert
I will buy or sell when the markets hits my numbers and just be out at the close if i do not exit before.I never place more than 2 trades a day per market.
Glen
Glen Dean,
I like your discipline.
Hope it helps
Hubert
I start my week by watching the forex open at 2 pm, then the ES at 3 pm (I’m on the West Coast.) I look for resistance and support areas nearby. I look at the news from Asia and Europe to see what “the crowd” will be focused on. I check economic reports at forexfactory.com. All this is to see what the bias may be when the equity markets open. I check the charts and news for my large positions. None of this helps. I never know the big guys’ intentions, other than to get my money!
Mary Ellen Reese
forexfactory.com great calendar to use.
Have you Use the COT data that will tell you what the big money is doing.
Hope it helps
Hubert
You did a great job on that webinar the other night. question – are you going to make value charts available on think or swim?
How I start my week…
I have six charts set up with your squeeze indicator on think or swim and I go from there. I thank you. I have learned a lot from you so far. I am an old student of John Bollinger, Larry Williams, & Linda Raschke. Keep up the good work!
Gean Hammons
I’m glad you got value out of it.
At this time there are no real plan to release it on TOS.
But Mark and his team my change there minds in the future.
Hope it helps
Hubert
Thanks for your insight, its always spot on.
Mark
Thank you for your kind words.
Hubert
Hi Hubert,
I have learned much from your videos and webinars. I have learned from you to start my week similar to the manner that you describe. Additionally, I look at where prices are in futures relative to support and resistance. If the trend is heading toward a major support or resistance and prices are close to those levels (including significant Voodoo lines), I note them and expect those targets to be hit prior to a significant reversal. I also look at stops, targets and the trend on stock holdings. I revise stops as appropriate. I also review my stock watchlist for setup progress and near term entries. I discard stocks that are not acting within expectations. I typically run stock scans during the week rather than weekends. Thanks for your help toward reinforcing a discipline that works.
Dan Kapellen
Sounds like you have a very good system in place.
Have have you read the book check list manifesto?
I think you would like it.
Hope it helps
Hubert
I know how i ended my week….. with Freeze ups from TradeStation`s Update 13 ……Mann…. that number for the update was perfect!
Thank god for Backups!
Hugh
That suck I hate when TS locks up on me.
I had great luck with 9.0 you might want to roll back to 9.0
Hope it helps
Hubert
Hey Hubert,
Do you ever use a tick chart rather than a time chart? Do you prefer one over the other specifically for day trades on the ES or YM?
Thanks,
Robert
Robert
For the YM I use a 2 min chart and a 50 tick chart.
I prefer the YM because I get cheaper commissions on it.
Hope it helps
Hubert
Hi Hubert!
Hope you had a great holiday.
Your video on trend rings true to me. It’s hard to get my head around the fact that we are not dealing with logic (if Spock was a trader, he’d be in a soup kitchen somewhere). As you have said many times, it’s human behavior, it’s often counter-intuitive. I’ve just recently begun to understand the connections between the different time intervals and how a 2 min. chart is a clip of a daily movie. It’s the only way you can see that you may be going down a blind alley, when things aren’t stacking up quite right. It’s almost like CSI!
I appreciate what you do, very much. I’ve not really thought about a specific game-plan to start the week. I’m just learning what is important. I will be setting aside time to view “Trends” to start the week off right.
C. Michael Croston
CSI is a great analogy for how to think about it.
The counter-intuitive nature of trading is the hardest thing to get past.
Keep at it.
Hope it helps
Hubert
Hello Hubert,
My week is not too good, keep losing money it not a good sign but thank you for the videos you sent, I learned alot from you and John.
Chung
What are you losing money on and how?
Hubert
I look at my positions on Sunday night and see how the market futures are trading. I trade weekly spreads at this time. I place orders on Friday and then again on Thursday afternoon. John said you could make a living doing these 2 SPX credit spreads and I am trying to do that until I get my coaching with you in March
Jim
Look forward to seeing you in March.
Get you set up a personalize trading plan.
Hope it helps
Hubert
I watch the videos from you and Carter and at least one more. Look at index daily. I look at the daily, weekly, and monthly of stocks I may want to trade and drill down. I may look at AUD/JPY too.
Scott
What stocks do you trade the most.
Hubert
Same as you Hubert, I will also look at the Currency Futures Market as well because I am trading it.
Instead of a 1-min timeframe, I tend to look at the 5min.
Ethan
Yeah I think the 5 min is a great all around time frame to use.
Hubert
I look at futures movement, watch insightful pre week videos like yours, draw up Fibs for target movement. Sometimes check out “indicators” like FXE, AUD/JPY, GLD, TLT, UNG.
Michael
Sounds like a good plan.
Hubert
same idea but i check the fibs
ie gold last nite was at a 1/2 way bounce.
i let them wear it out a bit then sold on a stop after the lower top
Rich
Thanks
Hubert
Same idea. i check the fibs
ie gold hit a 1/2 way bounce last nite.
waited for the lower top then sold short on a stop when it failed
Rich
Nice trade in gold what size of stop do you use on Gold?
Hubert
I am new to Trade Station and I just made my very first trades last week. So far so good. At this point I am more of a buy and hold trader based on the stocks I choose to follow (acquire) and then following the trends in each, each day. Your comment today was helpful. Looking to be more like you over the long run. Thanks for your tips/suggestions.
Jim Anderson
Yeah new platform can be intimidating at first.
Hope it helps
Hubert
Hi Hubert, love the website, great info and ideas.
susan
Thanks
Hubert
hi
The first thing I look for is a squeeze on the daily and hourly chart. Then I wait until the lower time frames to trade in the same direction for entries.
Ron
Ron Cehelsky
I like that plan make sense to me.
Hubert
Hubert love the suggestion on how to start the week. If the daily chart shows an up trend will you only trade that direction and vice versa for down trends?