TRADING TIPS

MRCH Short with Targets

Hubert Senters here.

Let’s take a look at Match, MTCH so I’ve been sideways for a little bit here and then you experience the gap down situation and this is only two days below the cloud.

This was the first gap so then you do a bracket trade around that so I’m going to show you a couple of different trades kind of firing off basically on top of each other.

Bracket trade takes out the low. And now, you have three days below the cloud and it’s starting to trend. It’s probably going to get a little sporty to the down side.

If you don’t know a little sporty means it’s probably going to pick up its speed to the down size as it drops to about $132.

Currently, it’s trading at $141. I like the short. I think it will get there in the next. It could be the next few days to the next couple of weeks.

On timing and stuff a lot of times you can’t time the stuff to the second but you can get a ball park figure so I would say the next three to five days to the next two weeks.

I’m going to be doing a special webinar tomorrow at noon Tuesday, August 10th on The Mother Of All Bubbles.

Obviously, if you’ve been trading for more than a couple of months you know that the market is starting to get a little bit harder to trade that’s because it’s running out of gas.

It’s running out of fuel. It’s running out of momentum. What happens next is usually a little triple lower proceeded by a pick up and speed. Proceeded by following off a cliff like a waterfall so just get ready for it.

And if you don’t know how to handle those things. Come to this webinar.

Good luck. Hope it helps. See you on the next video.

Hubert.

 

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