TRADING TIPS

Trending-Check, Below the Cloud-Check

Hubert Senters here. Let’s take a look at Roku again. In the last video, I was talking about the importance of using the ADX if it’s above $20 that green threshold line then it’s trending. It will not tell you if it’s going up or down it will just tell you that’s a good trending environment. If it’s below $20 it means it’s sloppy, it’s choppy and you’re probably going to lose money because it’s non-trending. So what I will do actually first is I’ll look is it above or below the cloud. Now, I will also filter on the ADX and TradeStation if it’s above or below $20 on the ADX in this example. And Roku would make a decent short for me because it is trending because it’s $39.24 here and it’s below the cloud so then what I do which I will cover in the next video is I want to see what the overall range for Roku on a daily basis is. Mark Helweg is going to be doing a special webinar on ‘’How to Read Market Direction Instantly with this One Free Tool,’’ Wednesday, October 2nd at 8PM EST. I will HYPERLINK you to this registration page. Good luck. Hope it helps. See you on the next video. Hubert.

Submit a Comment

Your email address will not be published. Required fields are marked *

Share:

Facebook
Twitter
LinkedIn
On Key

Related Posts

Get Reports From The Trenches on What’s Working Now
Twitter Facebook

 

IMPORTANT NOTICE! No representation is being made that the use of this strategy or any system or trading methodology will generate profits. Past performance is not necessarily indicative of future results. There is substantial risk of loss associated with trading securities and options on equities. Only risk capital should be used to trade. Trading securities is not suitable for everyone. Disclaimer: Futures, Options, and Currency trading all have large potential rewards, but they also have large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don’t trade with money you can’t afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, options, or currencies. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.