Hubert Senters here.
Let’s take a look at the bonds today so this is the 30 year bond and I’m going to walk through the 8 tick reversal really quick.
As you can see this was a low. Now, you didn’t have to get out of bed little early about 8:30. That’s not too bad. You have to be able to get out of bed for $700 in the morning.
So there’s the low I still of all the opinion that they’re going lower so I’m going to draw the low off of that low bar there.
And then you can see there’s the entry, there’s the stop loss. Stop loss didn’t get tag or whatsoever and then here was the target.
Now, the bonds close early today. The stock market is actually close but the bonds close actually around 11:15, 11:30-ish.
If you don’t have enough cushion in a trade going into the weekend on bonds or notes I would recommend that you liquidate it and started again Sunday evening.
So in this example, you would have been short here with the 5 tick stop loss. You would not have made your thousand dollars. You would have only made like $700.
But I would take that $700 put it in your pocket. Clear out that trade. Just close the trade before the exchange closes obviously.
And then I would re-initiate that same type of trade on Sunday evening because you want to give yourself the best opportunity to be in it as long as you possibly can but you don’t want to risk of the weekend.
I will be doing a live webinar tomorrow morning at Saturday at 10AM EST on How to Make $1,000 or More Risking Only $156.25. And I will teach you exactly the rules of the setup that I just showed you that you can potentially use over and over and over again.
The webinar is live. I only do live webinars currently. And I don’t really have any plans of sending out the recording. I know a lot of people ask. I just usually don’t send them out.
It does not mean I won’t if there’s enough demand for it but I just usually don’t send them out. So heads up, there’s a lot of people registered for the Saturday webinar so make sure that you log in early.
If you want me to send you a voice reminder or a text reminder about an hour before just give me your mobile phone right there. I’ve already got it queued up and then hopefully it will send it to you.
Good luck. Hope it helps. See you tomorrow morning.
Hubert.
