Hubert Senters here.
Let’s talk about a trading patter slash strategy slash techniques. It’s kind of hard to describe. I can teach you in the entire class and sell it for a thousand dollars and you would get a lot out of it.
Unfortunately, these videos I keep them under two minutes if I can so I can’t teach you everything about this set-up.
So I’m going to give you a couple of easy things to look at. What I’m looking for is a run up and then a pullback.
What I’m going to do with a fib is this is a monthly chart so the beginning of the buying to the end of the buying and I’m looking for it to retrace.
Right here, I’m going to use a little ink on a mouse and show you looking from point A to point B. And then I’m looking for it to retrace right in here and I call this the ambush zone.
So I’d want to be a buyer on this at $325 to $263. That’s a pretty good range. But it’s a monthly chart so obviously it’s going to be a range.
Flash forward to the present day and then what we’re going to do is we’re going to do reverse tag because it works on the long side and it also works as a target from the high of that move to the bottom of this move.
So here on Zoom it’s probably going to go continue to rise into that $423 to $469 area.
Troy Noonan is having a special live webinar Tuesday, June 29th at 4PM EST Finding the Sweet Spots Trading Two Super Hot Markets.
You can scroll down. You can see what he’s going to talk about. If you’ve never seen Troy on a webinar it’s educational. It’s fun. He’s a solid guy and I think you’ll get a lot out of it so go check it out and let me know what you think.
Good luck. Hope it helps. See you on the next video.
Hubert.
