Now, there’s several different ways that you can use this.
Hey, Hubert Senters here.
Let’s take a look at the RPM gauge with the market. I like to use it this way. There’s a bunch of different ways you can do this.
This will give you a good starting point. Number one you’re going to set a base zero line. I use a 1 minute chart.
You use whatever timeframe you want. I’m just used to 1 minute chart in particular market internal. It’s like a real time. It’s not like a real time.
It’s a real time advanced decline line but it’s got volume in it too and so it’s more useful. So we have a zero line. We have a plus 1,000 line and a minus 1,000.
Those are extremes when you get to minus 1,000 you want to buy the Dow futures and the S&P futures. The Nasdaq has its own when I think it’s called the tikq cash sign, TIKQ
So $TIKQ. That ones for the Nasdaq. This ones for the Dow and the S&P and you’re going to have a zero line.
You’re going to have a plus 1,000 and a minus 1,000. If you get minus 1,000 that’s a buy. If you hit plus 1,000 that’s a sell so you can see on this particular day there was a one buy, two buy, three buy areas.
Now, those weren’t perfect but I’m just demonstrating the point. And then I use a one period moving average on top of mine and that lets me see when I’m hooking up or down.
So in this example, I would say you went up and then you hooked once and hooked twice so I’m going to point out a hook for you.
So this is a hook one and this is a hook number two. Now, this is better done while so if you want you could do a trial to the room and then I can show you this in live and it helps you with my entries and exits on my index futures for day trading.
Trade Thirsty is hosting a special webinar this week showing you the power of the Vantage Point software. I’m going to HYPERLINK you to the registration page.
Good luck. Hope it helps. See you on the next video.
Hubert.
