Couple more tips here on Program Trading. I don’t usually do the first one or two right out at the gate. I usually like to have anywhere from two to three in the actual pockets so this would be the pocket for today $-6.80 and $-9.60.
So I’m not going to do this first one. Almost always you have the price action either be above or below and I want to get inside that pocket before I playing the high stakes game, a hot potato with the future’s market.
You could potentially throw out this first one for sure and probably the second one so I will probably skip the first one and the second one right off the bat. Let the market trade. And then I like it to actually go below the line. Like that one right there I wouldn’t count one. We’ll look at in here in just a second.
So I wouldn’t count this one. I would count that one as the first one at $-9.44. And then obviously you’ve got one here and then you’ve got one here. Now, if I see multiple boom right on top of each other. I consider the first one, second one and the third one all the same signals and it has to get back into the pocket.
I don’t have any good example of this and this chart. If you’re interested to do this you can sign up for a trial on the trading room and come in and watch me do this stuff live.
So I’ll also use a 1-minute chart. I’ll use a 1-minute chart. I’ll let it trade for about 2 to 3 minutes letting get in its pocket and then I take the trade setups.
And just to recap the red is a program sell and the green is a program buy so if it had no program buys today all program sells.
Silas Peters is going to be doing a special webinar on Price Actions Secrets To Follow The Big Money Footprints.
They’ve got one that’s happening right now at noon while I’m recording this video. After the one that happens at noon today they’ll update that and it will be right date.
So it’s July 27th Tuesday at 2PM EST. In order to register for the webinar all you got to do is click this button right here that says CLICK HERE TO REGISTER.
Little pop up is going to get you. It needs your first name. It needs your primary email address. It needs your cellphone so we can either voice call you or text and go hey, webinar is starting in 15 minutes.
Good luck. Hope it helps. See you on the next video.
Hubert.
