Hubert Senters here.
I’ve been getting a lot of questions on Boeing obviously because the crashes and stuff like that. And so here’s how I’ve trade news events, gaps and just put two lines on up and down brackets a bad boy and then just let it go. Okay. So let’s take a look at how you do that. Now, there’s a couple of different options and I would just.
This is all fear and greed right. It’s all this. And you can see no new high. No new low and it’s just getting condensed to condense. There’s two valid ways of doing this. Number one, you can just say I’m moving a bracket all the fear and all the greed and I’m not going to trade this bad boy until it gets above four or two or below $365. Simple.
Now, if you want to make it a little bit more active for Intra-day stuff then what you do is you’d make it tighter say for this day when I’m doing this video you can do the range on the inside bar. So this is inside that body that’s inside that body that sits on that body. Then you’d go long at $381 in short at $374.
That was a little bit more risky because it’s not a confirmation that it is in fact going to go back through $342 or $365 but you could also use a tighter stop-loss. Okay. So those are the two techniques. Hope it helps you on the analysis of Boeing.
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Good luck. Hope it helps. And I’ll see you on the next video.