Should I do this trade again? Jan 9, 2013 | 11 comments 6 Comments 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 on January 14, 2013 at 10:04 am L Shuck Thank you for your kind words. Hubert Reply 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 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 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 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 Hope it helps Hubert Reply Submit a Comment Cancel replyYour email address will not be published. Required fields are marked *Comment Name * Email * Website Save my name, email, and website in this browser for the next time I comment.