Hubert Senters here.
Let’s take a look at AMG. We’re getting a little bit freaky with the technical analysis because it’s not going to be a perfect setup so I’m going to show you how to modify the approach but it takes just thinking a little bit out of the box.
And if you’re like me you’re probably a little bit of a weirdo or a little bit freaky because we’d like reading all this technical analysis charts and stuff and I like geeking out on it so you probably do too.
Let’s take a look at this. So this is one of the trades that we recommended. This is our number one recommendation by yesterday. And clearly it was just a scan above the cloud. And it worked.
And now we’re going to figure out what target we’re going to use. The lines on Ichimoku sometimes can get a little messy when you’re doing Fibonacci extension.
So what I’m going to do is I’m just going to create a blank chart. I’ll jsut go over to a clean chart. And I’ll change it to AMG.
Here’s where it gets a little freaky on this. So in this situation when you’re looking at an extension the rules that you need to follow is low, high, higher low.
So what I’m looking at that I’m going to draw the screen a little bit here to kind of show you what I’m talking about.
In this case scenario, we could go low, high and then we could go higher low because this is low, high and then higher low.
Now, this one won’t work because I know I’ve done it hundreds if not thousands of times it’s going to say all of these charts have already been met.
So what we’re going to do is this is where it gets a little different so we’re going to remove that and then we’re going to look for another one back in time.
In order to move this I’m going to show that this one will not work. One, two, three. All of those have already been taken out. That’s going to do zero good at this point in time. And it would work for us today perfect.
But now it went further than we thought it was in a day. So if we’re going to use. This is for a low then we have to have. It’s going to be high, low, higher low.
So we’ll back up just a little bit. And then I’m just going to put a horizontal line so I can’t mess up. So the next low has to be at least so it’s right there. Low, high, higher low.
It’s the criteria. Now, we do this right here. Low click, high click, higher low click. There we go freaky. Here are our targets $183, $196 and $204 plus I can’t do basic Math but still can trade.
I’m going to be doing a live webinar. I’ve been asked to speak at the Wealth 365 online event and I’m going to show you How To Find Three Powerful Trading Setups With Only 3 Clicks Of Your Mouse.
Now, if you’re like me a little bit of a weirdo, a little bit of a freak as far as it comes with technical analysis in trading and investing then you’ll probably like. I’m going to HYPERLINK you to the registration page.
Good luck. Hope it helps. See you on the next video.
Hubert.
