TRADING TIPS

TMO Break Away Gap Trade

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Hubert Senters here.

Let’s take a look at TMO. Little bracket trade. Gap up breakaway trade. So a bracket trade and a breakaway trade are kind of similar but not the same in some veins.

This could be a breakaway to the high side or you could have a breakaway to the down side.

A bracket trade is just a gap that takes advantage of those so there’s one means basically the same thing.

So what you’re doing here is pretty simple. I know you guys have seen this hundreds of times probably if you haven’t it’s super simple.

Don’t trade it today which is Friday when I’m doing this video you’re agreeing on Saturday.

All you’re going to do is put a brapper around the range. You’re going to mark the high and then you’re going to mark the low.

And then if it goes above that high on Monday you probably got a decent shot of it going continually higher.

If it breaks below $575 you got a better chance of it going lower. Now, I would put my spin on this and say it’s in a massive uptrend it looks pretty solid. It’s probably going to go higher.

But it doesn’t mean always will. So it might come back here and back fill that gap and then continue higher but that’s a solid strategy for breakaway gap.

You just don’t want to be the first or the last sucker that buys right here and then it pulls back.

What you want to do is you want a confirmation that is trading through that high or through that low to ride that momentum.

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I know they’ll tell you on this stuff on Sunday’s webinar at 7PM. I’m going to HYPERLINK you to the registration page.

Good luck. Hope it helps. See you on the next video.

Hubert.

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