Hubert Senters here.
Let’s talk about three indicators that are better than most out there and actually predictive or will forecast what may happen in the future. Now, nothing is guaranteed. I can’t guarantee anything in life and I damn sure can’t guarantee you anything and trading. Anyway, three that I like Ichimoku, Fibonacci and Elliot Wave.
I’m not a big Elliott Wave guy but I do have friends that are really good into it. Those three are kind of predictive in nature and that will project for you what may happen in the future. And I think it’s a better way to trade. So this is Ichimoku you can see right here and this is telling me that DXCM is probably going to go higher.
It’s in a good uptrend and I’m probably safe buying at the yellow, the purple line or on the top of the cloud there. Fibonacci, you can use them for pullbacks or retracement so what I can do is come in here and add these lines so let’s say I was going to draw from here to there that I know yeah, look at there, lines right back up there. I don’t want to be a buyer at $86.46.
And then Elliott Wave, little bit more confusing you need to actually get you some more training on that then you’re going to start counting stuff so you’re going to go 1, 2, 3 and then there’s 4 and 5 and there’s 1, 2, 3 inside. Like I said I’m not a big Elliot Wave guy but I do have friends that are really into it and really good at it. So if you’re interested in three approaches that I think most free stuff out there and they’re free stuff too is Ichimoku, Fibonacci Extensions on retracements and Elliot Wave.
Good luck. Hope it helps and I’ll see you on the next video.
Hubert.
