Hubert Senters here.
Let’s take a look at Zoom. It’s not so much that we’re taking a look at Zoom as I’m going to share with you a tactic that you can use better multiple timeframe analysis to stay on the right side of the market for the day, the week and the year.
So in this case scenario, we’re just going to use three different timeframes. We’ll use a daily. We’ll use a 60-minute. And we’re going to use a 10-minute.
When you’re looking at the daily that is the longer term trend so even though Zoom has gap up and has been going lower today it fired off a buy signal on the intraday 10-minute timeframe.
So this is the overall main strength of the trend. Zoom overall looks like it’s going to go higher and then you can just back up in time and look at it if it looks pretty good.
We don’t have a 60-minute buy but today we got a 10-minute buy. So we’re able to get a 10-minute buy. I’m going to zoom it here. You see that it gap up above the cloud and it’s been going up day long.
Now that does not mean it will go up for seeveral days. It could. But usually a 10-minute buy signal on a cloud is usually good for three to five hours so it worked today.
But for a multiple day type signal you only use the 60-minute. The 60-minute it has been mainly above the cloud. It’s now below the cloud. It’s in the cloud it needs to close right now right above $400 to be considered back above the cloud on the 60-minute.
And then that will give you a signal saying ok, you’re probably ok and there’s nothing ok with anything in the market. It’s all risks. It’s saying you’re probably safer being long than short.
And once again there’s no such thing safety in the market. But if it fires off a long signal here you could get long and probably stay long for three to five days or more.
And the daily obviously it’s good for 20 days or more so when it jump above the cloud here obviously it’s been going up way more than 20 days.
Re-visited here and then re-visited here. And it’s been going up for 20 solid days from then so take a look at multi timefram analysis and make sure your objective or your timeframe, your timeframe horizon of your trade that you’re using the right multiple timeframe analysis.
Because if you’re intraday trading you’re looking at the weekly chart that’s not going to help you and if you’re trying to hold on to test a long term and you’re looking at a 2-minute chart that’s going to freak you out and you’re going to jump out of stuff.
I’m going to be doing a special webinar Wednesday, September 9th at 7PM EST so you can ”Discover How to Invest In Hot New Companies Before They Go Public. They Could Go On To Become The Next Uber, Facebook, Tesla or Zoom.”
If you learn how to do this potentially you could find the next Uber, Facebook, Tesla and Zoom before they even hit the public markets so you cna get it at way cheaper prices. I’m talking pennies, necklace and dimes or fractions of pennies in some cases.
That will be tonight Wednesday, September 9th at 7PM EST. I’ll see you on the webinar.
Good luck. Hope it helps. See you on the next video.
Hubert.
