TRADING TIPS

SKX Bracket Trade Setup

Hubert Senters here. Let’s take a look at SKX, Skechers. I believe they make ton of shoes. And you got another bracket trade that you can potentially add to your watchlist early next week. Bracket is super simple. We don’t care which way they go. We don’t care if they’re above or below the cloud. It’s usually around earnings or something that a company announced. There’s a lot of pit up fear and greed in that gap or that open window if you’re a candle’s fan. All you’re going to do is simple and easy. If it trades or closes above $53.21 potential long. Now, it’s really important that you understand the difference between trades above and closes above. You could actually have a trade that came up there and went above $53.21 but then it could close below it. You could also if you’re doing for a close above that right there. There’s a trade above but a close above would actually have to close above $53.21. So if that’s a fake candle I just drew in there. You would be getting an entry of $54.72 instead of $53.21 so make sure you got your rules in set before you just start pulling triggers on real money and your live account. But anyway, potential long above $53.21 and potential short with a trade or a close below $49.73. Mark Helweg is going to be doing a special live webinar on Tuesday, April 27th at 8PM. He’s going to be discussing The Explosive Traffic Pattern for Trading Options. And here’s what he’s going to discuss with you. The 3 secret market conditions that predict big moves. How his new strategy is making trades in these conditions really simple. And how he’s using simple calls and puts and you can make even bigger profits and much, much more. I’m going to HYPERLINK you to the registration page. All you got to do is click the yellow box with a black text button and you’re going to be good to go. Good luck. Hope it helps. See you on the next video. Hubert.

1 Comment

  1. daniel dunbar

    For bracket trades, how would you use options in these scenarios? Wait for a pull back and buy a call? or a strangle or straddle?

    Reply

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