Hubert Senters here.
One of the best tools that you can use for Intra-day trading right now with all this volatility or even when it slow is the Market Internal called Program Buying and Selling. Also I’m a huge fan of the tick. I use these two tools together. It can really help you too on for your advantage in my opinion.
But in Program Trading the numbers change everyday. I’m just going to walk you through the green line is the Program Buying. I’ve got on a 5 minute chart. I usually have a 1 minute chart but I can’t condense all of the information I put on the video.
It just looks weird. And this would be a program sell down here. Today’s program buy was minus $6.50. In today’s program sell was minus $10.50. Those numbers change everyday so they won’t work the same everyday.
But what I’m going to do is I’m just going to really quickly I’ve got a pointer tracking on on here on TradeStation. You can see this one I have a buy and a sell at the same time. You’ve got to be careful with those when those happened.
It’s almost can be like a head take or reversal signal. If you look at this one right here this hash mark is going to line up with this hash mark. Here you have a buy and a sell at the same time and then actually time it in to be in a pretty decent pop right there. You see right there. That’s usually a counter trend signal. The price action on the Dow popped up and you’ve got a buy and a sell at the same time.
Now, you had a follow through. Here you go. Sell, sell. There’s a sell signal. And there’s a sell signal. Nice little push to the down side. Then on the third one, the third if you have a sell, sell you’d never want to take the third one. That’s almost always a sucker’s game. And then you just wait and then there’s another sell signal right there at the top, sell signal.
And you can see a momentum to the down side picked up and then here’s your another sell signal right there. You could probably qualify that one right there too. It depends on how close that line was. But what I usually do is I have an audible alert that pops up and it is annoying.I mean it will scare the shit out of you when you hear it so you’ll pay attention.
Then you have a sell signal here and then here you have a few sell signals right here. And you can see there’s really two buys. You discount this one right here because you have to wait until it gets into the bucket. That was one but it also had a buy and a sell at the same time so you’ve got a discount with that one.
And then here you had a sell signal and then this last buy signal at the end of the day I really don’t trade the ones that’s into the close. But anyway, it’s a very useful tool. If you don’t know how to use it I’ll probably going to do like a FREE webinar on how to use this in a couple of weeks so you guys can take advantage of it.
I have been asked to speak at the Extreme Market Conditions Multi-speaker webinar. I will be over there I believe May 5th at 9AM EST. Here’s the rest of your guest speakers and the times that they’re going to talk and the stuff that they’re going to be talking about.
Good luck. Hope it helps. See you on the next video.
Hubert.
