Hubert Senters here.
Let’s say you avoided the corner inch which is the gap up on Google and yesterday and you avoided all that. So how do you play it now? So here’s how I would play it if I was going to play it this way. Right. So what I would do is I’d first just bracket and I would find the high and the low and this may not be super accurate because I’m just trying to get this as close as I can so.
Now, that I’ve got the range here’s where all the fear and all the greed and all the pain and all the profit was activated. Now, we want to see if there’s any follow through. So you have to have your rules set in place before you do this trade. It is either going to be a trade above or a close above.
And that’s up to you and your risk parameters and your personal, you know, personality and trading structure stuff like that. So let’s pretend we’re going to a trade above and not a close above. So if it trades above $1,266.88 I would like to be long that with a tight stop and a target where I would risk one to make three or five.
So if I risk one point I’m going to make a minimum of three. If I risk one point, I want to make minimum five like I want to be on risk reward ratio, I want to risk one point to make three to five. Now, if it breaks down below $1,235.44 I want to short that and use the same risk reward ratio. I would also target a half a gap fill in a full gap fill.
Mark Helweg is going to be doing a special webinar ‘’The New 3 Light Options Strategy,’’ Wednesday, July 25th at 8PM EST. I’m going to hyperlink to this page. CLICK CLAIM MY SPOT NOW. You can read the little bullet points of what he’s going to share with you on that webinar.
Good luck. Hope it helps. And I’ll see you on the next video.
Hubert.
