Hubert Senters here.
Let’s take a look at CHKP. Obviously, it’s one of the biggest net percentage gainers of the day. Up 4.2 percent on the Nasdaq. Now, it might change going to the close because I’m doing this video right at about 11:45. But I want to show you like you don’t have to always just scan for newly above or below the cloud.
Yesterday, it was newly above the cloud. Decent long. ADX is a little bit low but if you modify the ADX it’s going to be fine. But what you can do if you just think a little bit is just scan for smaller timeframes so here’s what I mean by that. You had a 60-minute buy signal right there at the end of not yesterday but the day before yesterday so the first part of yesterday you had an hourly buy signal.
So you could have gotten in long around either $117.94 or if you’re going to do a close on that bar. It will be like $118.63-ish. And then now it will get you in before sometimes an explosive move. Now, if you want to take it even a little bit further you can get even freak here.
You can go you know what I’m going to scan for a 10 minute. That’s usually about as low as I go but feel free to pick your own poison and you can see here you would have it the day before so. This is Friday. This is Thursday. This is Wednesday. Wednesday was the first day that we had that was back above the cloud that I’ve got on this chart anyway.
So remember you can always scan for smaller timeframes. Just know that it’s not going to be as strong but sometimes those trades can develop into beautiful little trades. Now, if you get entail with these tips and tricks that I’ve been sharing with you on how to scan the markets and how to find these trades and stuff.
I’m going to be doing a special webinar over at Wealth 365 on How To Find Three Powerful Trading Setups With Only 3 Clicks Of Your Mouse. You know how to register for the webinar. Knock yourself out.
Good luck. Hope it helps. See you on the next video.
Hubert.
