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It’s Like Having Tomorrows Paper, Today

Feb 5, 2013 | 47 comments

46 Comments

  1. Vik
    Vik on February 5, 2013 at 7:19 pm

    Highly appreciate the videos Hubert. Have you done any backtests on gaps following high TRIN readings, say above 2? Would love to see what the results of that would be. Thanks.

    Reply
    • Hubert Senters
      Hubert Senters on February 7, 2013 at 12:04 am

      Vik

      Yes I try to always back test and or forward test all my setups.

      I prefer the $trin reading of 2.0 but i will take 1.5 as it gives me a few more trades.

      I will see if i can get my programmers to test it and send out the results.

      Hope it helps
      Hubert

      Reply
      • Vik
        Vik on February 7, 2013 at 8:51 am

        Thanks Hubert! Also looking forward to the new chat room you’re planning to launch, the tradethemarkets chat room is way too expensive.

        Reply
  2. mike
    mike on February 5, 2013 at 7:51 pm

    is the same true for the gapping to the down side?

    Reply
    • Hubert Senters
      Hubert Senters on February 7, 2013 at 12:02 am

      Mike

      Sorry it only works on the long side.

      Hubert

      Reply
  3. william
    william on February 5, 2013 at 7:51 pm

    Hubert, in this $trin video you said to go long the next day for a gap up. My question is go long in what? on your chart the symbol was @YM.D. will this work on regular stocks too?
    Thanks

    Reply
    • Hubert Senters
      Hubert Senters on February 7, 2013 at 12:01 am

      William

      Great question you go long at the end of the day.
      You go long the YM which is the Dow futures you can also use the SP s and p futures.

      It will work for the DIA and the SPY and also for market proxy stocks that move with the markets.

      If you hav more follow up questions let me know.

      Hope it helps
      Hubert

      Reply
  4. tony
    tony on February 5, 2013 at 7:52 pm

    hubert i have gave u a ? and no response from u. ABOUT ur trade the markets chat room for 300 bucks. really lke the trades u show here r they the same or better in the chat room or what would one expect. was kinda interested in trying it seems ur pretty good at this with very tight stops with small loses with big winners. and thanks for the vids even though u havnt responded back to me

    Reply
    • Hubert Senters
      Hubert Senters on February 7, 2013 at 9:59 am

      Tony

      Sorry I must have missed you question.

      I will be launching a new Service in 30-60 days.
      I can keep you in the loop once its ready to go.

      Hope it helps
      Hubert

      Reply
  5. mike hassett
    mike hassett on February 5, 2013 at 7:57 pm

    How wide of a stop do you use for this trin trade?

    Reply
    • Hubert Senters
      Hubert Senters on February 6, 2013 at 11:57 pm

      Mike Hassett

      YM 40 points
      ES 4 points

      Hope it helps
      Hubert

      Reply
  6. Gail
    Gail on February 5, 2013 at 9:29 pm

    good video tonite… thanks!

    Reply
  7. Gary Stein
    Gary Stein on February 5, 2013 at 9:59 pm

    The crescendo trade has several variations. What are the other variations?

    Reply
  8. Sean
    Sean on February 5, 2013 at 10:00 pm

    I’m alive. 🙂

    Reply
    • Hubert Senters
      Hubert Senters on February 6, 2013 at 11:54 pm

      Sean

      That is a good thing.

      Hubert

      Reply
  9. Julie Reagan (JayRay)
    Julie Reagan (JayRay) on February 5, 2013 at 10:30 pm

    Excellent ‘class’. Thank you Hubert.

    Julie

    Reply
    • Hubert Senters
      Hubert Senters on February 6, 2013 at 11:53 pm

      Julie Reagan (JayRay)

      Note sure what name to use but you are welcome

      Hubert

      Reply
  10. richard
    richard on February 5, 2013 at 11:17 pm

    I’ve seen you tell us this before and I always seem to forget it. Got to sink in one of these days.
    Thanks,
    Richard

    Reply
    • Hubert Senters
      Hubert Senters on February 6, 2013 at 11:51 pm

      Richard

      It just a matter of time.

      Hubert

      Reply
  11. Hawk Arps
    Hawk Arps on February 5, 2013 at 11:21 pm

    Is there an End of Day $TRIN value for a predicted short gap as well?? (.66???)

    Reply
    • Hubert Senters
      Hubert Senters on February 6, 2013 at 11:50 pm

      Hawk

      Unfortunately not one that works well enough to talk about.

      Some time a $trin readin .45 will work but it not reliable.

      Hope it helps
      Hubert

      Reply
  12. David
    David on February 5, 2013 at 11:27 pm

    In this example you show the YM, I’m presuming that the $TRIN would give you the same heads up with the ES, TL and possibly the NQ’s. Is this correct and if so are there any other instruments that you could use this method for? – Thanks in advance !

    Reply
    • Hubert Senters
      Hubert Senters on February 6, 2013 at 11:48 pm

      David

      It works great on the YM and the ES.
      It should also work on the NQ and the TF.
      Im not sure what the TL is?

      You could also do an inverse trade on the bonds.

      Hope it helps
      Hubert

      Reply
  13. Edison
    Edison on February 6, 2013 at 12:54 am

    As a thought about another of your strategies:

    So if I’m looking to fade a positive gap. I wouldn’t do it if the prior day’s TRIN was >=1.50.

    Does that make sense?

    Reply
    • Hubert Senters
      Hubert Senters on February 6, 2013 at 11:45 pm

      Edison

      That make perfect sense to me as it would have less of a chance of filling.

      Great point.

      Hubert

      Reply
  14. Tim
    Tim on February 6, 2013 at 7:25 am

    Thanks, Hubert! How do I get the “$TRIN” study so I can track this? Is it on TOS? -Tim

    Reply
    • Hubert Senters
      Hubert Senters on February 6, 2013 at 11:40 pm

      Tim

      On Tos I think it should just be $Trin.
      If not look for the arms index.

      Hope it Helps
      Hubert

      Reply
  15. Robert
    Robert on February 6, 2013 at 8:01 am

    What stop loss do you set when you enter the trade ? You say to move to BE when the market opens, what is your initial SL?

    Reply
    • Hubert Senters
      Hubert Senters on February 6, 2013 at 11:36 pm

      Robert

      When I do the Trade I do it either in the Dow and I use a 40 points stops loss.
      IF I do it in the SP i use a 4 point stops.

      Then at the open I sell half and move to the stop to break even.

      Hope it helps
      Hubert

      Reply
  16. Bill Hogan
    Bill Hogan on February 6, 2013 at 8:07 am

    Hi Hubert ! I really do appreciate your videos and your trade advice, short sweet and right to the point, and very informative. I trade options rather than futures (but will probably make the switch soon). Rather than the @ym on the crescendo would you use the SPY, or DIA for the options? Thanks for your help !

    Reply
    • Hubert Senters
      Hubert Senters on February 6, 2013 at 11:34 pm

      Bill

      That should work just fine you would just have to get in them before the close.
      SPY, DIA or QQQ should work.

      Thank you for you kind comments.
      Hope it helps
      Hubert

      PS: let me know if i can do anything to help you get started trading futures.

      Reply
  17. OkieG
    OkieG on February 6, 2013 at 9:03 am

    We are alive, Hubert, and appreciate your sharing. Good tip on Crescendo. Thanks.

    Reply
    • Hubert Senters
      Hubert Senters on February 6, 2013 at 11:31 pm

      OkieG

      Thank You

      Hope you make Money with it.
      Hubert

      Reply
  18. Yhomas Sawyer
    Yhomas Sawyer on February 6, 2013 at 9:05 am

    I am new to your blog, you refer to TRIN, is this simply the SPY in the last ten minutes?

    Reply
    • Hubert Senters
      Hubert Senters on February 6, 2013 at 11:29 pm

      Yhomas

      The $Trin is also called the Arms Index.
      Bet way to think about it, is that it is a measurement of risk for longs.

      Here the Definition of it https://www.investopedia.com/terms/a/arms.asp#axzz2KBU87dgK

      It is not the spy in the last 10 mins but you could use it to trade the SPY.

      Hope it helps
      Hubert

      Reply
  19. Susan
    Susan on February 6, 2013 at 12:41 pm

    Does this work on all index futures or any other asset?

    Reply
  20. Dennis Nitto
    Dennis Nitto on February 6, 2013 at 3:12 pm

    Regarding the $TRIN, does the same factor apply for a low TRIN reading to go short and what is the level?

    Reply
  21. jeff
    jeff on February 6, 2013 at 4:06 pm

    How do you get at $TICK reading of 1.5? I checked at close today it was 818.45. Am I looking a the wrong thing?

    Thanks

    Reply
    • jeff
      jeff on February 6, 2013 at 4:08 pm

      Never mind. I get it, $TRIN not $TICK woops!

      Reply
      • Hubert Senters
        Hubert Senters on February 6, 2013 at 11:24 pm

        Jeff

        No worries it happens.

        Hubert

        Reply
    • Hubert Senters
      Hubert Senters on February 6, 2013 at 11:26 pm

      Jeff

      I know you are ready fig it out it the $Trin Not the $Tick

      Hope it helps
      Hubert

      Reply
  22. PC
    PC on February 6, 2013 at 4:54 pm

    Another great video. Thanks!

    Reply
    • Hubert Senters
      Hubert Senters on February 6, 2013 at 11:23 pm

      PC

      Thank You

      Hubert

      Reply
  23. Roger
    Roger on February 6, 2013 at 6:26 pm

    Thanks Hubert.

    Reply
  24. Jim
    Jim on February 6, 2013 at 9:59 pm

    Please tell me what initial stop you use for the crescendo trade. Also, is this a long-only setup?

    Reply
    • Hubert Senters
      Hubert Senters on February 6, 2013 at 11:21 pm

      Jim

      I use a 40 point stop loss on the Dow.
      Yes it’s a long only set up.

      Hope it helps
      Hubert

      Reply

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