Hubert Senters here.
Let’s take a look at McDonald’s, MCD. It’s breaking away good to the high side. And as you can see here one, two, three signals candle closes above the cloud which is a good thing.
And then it went the fourth day. And then it pulled back. And then it’s got a nice little bottom here. And now it’s going higher so overall I do like the pattern. A lot of times you’ll see this. We call it the close above the high of the low bar or a close above the high of the little day. Sounds really complicated.
It’s not that bad to deal with. All you’re doing is you’re looking for. This was the low. This is the low. What you’re doing is you’re looking for a nice little impulse move to the high side, a pullback.
And then you’re going to use that low on whatever candle it is that you’re pivot just your anchor that’s the low. And then if I close above that low I’m going to get long.
Here’s what that means in real world examples. In this situation, this bar would be your low candle after a move up and a pullback. The low would be here around the area. I’m not going to do it perfectly. That’s $205.39.
And then you’re looking for the close or the high of the low bar. That’s the low bar. That’s the high of the low bar $207.58. If I have trade above $207.58 or a close above so right here you could have done it yesterday as it went through $207.58.
Or you could do it close above which would be $209.77-ish. Either way it’s probably going to go higher and where do we think it’s going to go after we’ve figured out we have a close above the high or the low bar?
You got to start thinking about where’s the most recent high on McKiddie’s. From this high to that low. So it’s cleared. The $61.8 percent retracement so usually the next place to go is about $75 which is right about $216.39. I’m going to go on here and format this really quick to see if I know what I’m talking about. $76.4. I was a little aggressive. The next target would be $214 instead of $216 on McDonald’s.
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But I am going to be giving away $1500. We’re going to be doing a tradeoff competition and the top 40 percent that participates will be paid out that graduated scale of $1500. All you have to do is just trade on the screen.
You’re going to be trading on tradeoffs platform which is kind of like a demo platform. We’re all going to compete against each other. And we’re going to see who smokes everybody and who wins the money.
You do not have to put any money to participate in order to win this. But we are going to be giving away $1500 to the top 40 percent performers. This is really fun. It’s really addictive. If you’re into trading either swing trading or day trading it’s a super blast. It’s fun.
Every time we do it on lunch we all love to talk shit to each other and competition wise is really fun and I know you’re going to like it so I’ll see you over there. I’m going to HYPERLINK you over to the registration page right here it is and just put in your information. And I will see you over there next week.
Good luck. Hope it helps. See you on the next video.
Hubert.
