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.