Hubert Senters here.
Got a couple of questions from T. That’s all the information I’ve got. It’s T. Two questions. That’s illegal. I don’t think you’re allowed to send me more than one question at a time. But we’ll go with it this time. How do you find high probability trades? Number one question. That’s a very complicated question. How do you determine the magnitude of the expected move? That’s an easier question to answer. So how do you find high probability trades? First you’ve got to figure out something that you like trading. You’ve got to figure out a system or a set of rules or a set-up.
I don’t know what you’re trading right now if you trade stocks, options, futures, forex, bonds, golds, cryptos. I recommend everybody start out with Ichimoku. This is going to give you a good way to scan for good long trades and good short trades.
High probability different creature all together like.
And here’s the thing when you’re thinking about trading you don’t want something that doesn’t fall down the rabbit hole of probability at the cost of profitability. It could have a high probability but the risk reward is executing the wrong way you’ll lose money. On the other hand you can find something that works 55 or 60 percent of the time.
And the risk reward ratio is one of the ten you’ll make a boat load of cash.
That’s just how Math works. But if you have never looked at Ichimoku I would scan for this first. This is a good first step if you’re looking for trades that may be new trends either to the up side or the down side. I can give you an example so on our member’s webinar two nights ago. We said the Russell looks good one day above the cloud. It will continue.
That in my opinion is a high probability trade. Now, how do I figure out the extended price outcome of being long the Russell? What I would do is I would look for a low, a high and then a higher low. So in this case scenario, let me see where I’m going to draw my things from really quick.
One. Two. It’s not going to be perfect. Let me look at it for a minute. I can make this work. I can go from this low to this high back down to this low. You’ve got a low, high, higher low. Obviously if you were long right here around $1,567-ish when we told our members that it looks like a good long and let’s continue. First target would be $1,654, $1,741 and $1,794.
Dan Passarelli is going to be doing a webinar Wednesday, October 7th at 8PM EST. ”Dominate Earnings Trades With This Setup.” So in this setup he’s going to be talking specifically about trades that tend to work well for Dan and his member around earnings trade setup.
I’m going to HYPERLINK you to his registration page.
Good luck. Hope it helps. See you on the next video.
Hubert.
