TRADING TIPS

How to Find Good Day Trades

Hubert Senters here. Let’s take look at a question from Charles. What time frame do you recommend for spotting day trades on AMZN in the first half hour? So it depends on you stylistically and personally. I like a 2-minute chart but if you’re looking at Ichimoku you probably won’t go below a 10-minute chart. You can go smaller like a 3, a 5, a 10 and you know stuff like that. I love an intraday 2-minute time frame. But it may be too fast for some of you and too slow for others of you. It’s really a personal preference. When I’m looking at a stuff like this the first thing I do is multi time frame analysis. I want to know is the daily trending? Yes or no? Is it above the cloud? And then I would change that over to and go to a 60. And then I go 60-minute. I already know that Amazon is in a valid uptrend and it’s testing the cloud. And four days ago it fired off another hourly signal so I know I’m going to have three to five days of up move. And then from there I will use a smaller time frame on a 10-minute. And then on a 10-minute it’s just a straight up buy signal and it’s been a buy since Friday evening. Friday was a buy there. It was still a buy here and going in into today obviously. Now, if you use it on a 2-minute you’re going to get a lot more different signals on the thing so here’s a 2-minute. It already gap up above the cloud. And you could do a test either on the yellow or the purple. Or if it touch the cloud and close above or below in that type of situation. Really easy. Just a 2-minute open range break all on anything or a 5-minute is really effective. It’s pretty easy to find stuff like that. The Wealth 365 event is going on. I’m going to HYPERLINK you to the registration page. If you haven’t registered if you’re not over there today go and register. They’ve got a week long event. I will HYPERLINK you to the registration for the Wealth 365 multi speaker financial education event. That’s also around election so they’ve got some cool speakers on election. They’ve got a two republicans and two democrats. They can fight it out over there and you can watch it. I don’t think it’s going to be the show that trumping by the loss but it could be interesting. I mean like the negotiation part of it like the debate with the democrats and the republics. Go check it out. Like I said I’ll HYPERLINK. Good luck. Hope it helps. See you on the next video. Hubert.

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