Hubert Senters
  • Blog
  • Products
  • About
  • Connect
  • Login
Select Page

Should I do this trade again?

Jan 9, 2013 | 11 comments

6 Comments

  1. L Shuck
    L Shuck on January 9, 2013 at 6:47 pm

    thank you for doing this again, and making it a lot clearer.
    I really enjoy your teaching.
    Also really appreciate your working to “give us more” value, including the training tonight on the Goodnight Gold Trade, tho I am one who cannot/will not risk $600. I will be in “class”, listening, for certain!

    Reply
    • Hubert Senters
      Hubert Senters on January 14, 2013 at 10:04 am

      L Shuck

      Thank you for your kind words.

      Hubert

      Reply
  2. RideTheCurve
    RideTheCurve on January 9, 2013 at 9:02 pm

    Hubert,
    Is there a TRIN reading that you use for the opposite ambush trade (ie., a gap down instead of gap up)?
    Also, do you use any MA’s as a proxy for an underlying’s fair value? i.e.,How do you know on a chart if a stock or future is under or over valued?
    Thanks for all your wealth (of knowledge)!
    Ride

    Reply
    • Hubert Senters
      Hubert Senters on January 14, 2013 at 9:45 am

      RideTheCurve

      At this time I do not have a reverse crescendo trade setup.
      Its a long only. If I find one that works I will let you know.

      As far as under value or over value.
      I use the ValueCharts.com

      Hope it helps
      Hubert

      Reply
  3. Robert
    Robert on January 9, 2013 at 9:38 pm

    Hey Hubert,

    So this morning I got excited and sold some YM pre market at 13297 based a one minute chart that I got ahead of on the indicators and price action. I was looking for some sort of gap fill but as you know the YM went to a high of 12356 about 60 pts from my entry. I violated a lot of rules and ended up holding most of the day and getting out for a 3 tick loss.

    In a market like today where we are range bound how far should I set my stop? I set it too far I think at 13366 and almost got slaughtered.

    Reply
    • Hubert Senters
      Hubert Senters on January 14, 2013 at 9:36 am

      Robert

      Great question, I currently use a 20 point stop loss on the YM which is about a 2 point stop loss on the S&P.
      Range bound days are hard to trade. Not a lot you can do.
      One thing you can do is double your stop loss and cut your size in half.

      Hope it helps
      Hubert

      Reply

Submit a Comment Cancel reply

Your email address will not be published. Required fields are marked *

  • Privacy Policy
  • Terms Of Service
  • Earnings Disclaimer
  • Connect
  • Success Stories
  • Facebook
  • Twitter
  • RSS
Wait! How Would You Like To Become An Expert Trader?
 
Join our list of over 98,000 people who get free trading tips automatically delivered every time we publish them.
Arrow