Hubert Senters here.
This is a scan that I do a lot and you should probably try it too. It might help you make some more money. So obviously you know I’m in the Ichimoku with all these pretty lines and stuff all over the chart.
One of the scans that I like to do for is this is an example of where it did not work. And this is an example of where it may work again. So what I’m looking for is above the cloud above the turning line and above the standard line obviously in a massive uptrend.
And then what I want to do is I want to pullback through the turning line close below it. Go to the standard line and touch it. Now in this case it didn’t touch it.
And then I want to touch the standard line and then close back above the turning line. So step one above everything. Step two retrace all the way back down to the standard line and then close back above the turning line and then slingshot my price higher to potentially $440 on Nvidia.
In this one it doesn’t really qualify. This went below the turning line and back above the turning line but did not touch the standard line. The same thing below the turning line back above the turning line.
What I’m looking for is all the way to the standard line so let’s go see if we can find an example where this happened. It doesn’t happen as often as a turning line test which is why I like it and you can see it’s been a while since it’s did it. We will track this and we will see how it develops this week.
Speaking about scanning Mark’s going to be doing a special webinar ”Finding Explosive Trades with the SVS Strategy…How To Find Trades Like a Sniper!” on Wednesday, July 29th at 8PM EST.
Good luck. Hope it helps. I’ll HYPERLINK you to the registration page.
Hubert.
