User [gary fullett /171.216.255.27] joined forum at Thu Mar 02 21:01:41 EST 2000 plan to study your post tomorrow Gordy Hi Gary hope it works good evening hi Gary interesting arkets shaping up sure do gordy User [lmarsh /208.205.55.182] joined forum at Thu Mar 02 21:03:16 EST 2000 market I think will be moving for the next few months Hey marsh I want to discuss something that I think may help you go Hello Mr J, everyone hi hi lmarsh User [eric /206.98.11.150] joined forum at Thu Mar 02 21:03:47 EST 2000 hi,lmarsh hi eric hi mrj and everyone hi eric User [amos /62.0.146.121] joined forum at Thu Mar 02 21:04:27 EST 2000 did anyone watch the grains todya? today Hello eric, amos hi amos morning amos hello yes, funny wheat dropped yes well I want to discuss several charts and I want to discuss a strategy that I think will help you if you find a selling climax or a buying cliamx wheat is more of a doestic product User [Peggy /206.173.174.210] joined forum at Thu Mar 02 21:05:40 EST 2000 hi peggy but I think it will do well Evening, all hello Peg hi peggy according to wyckoff there 3 times to enter a market all have varting degress of risk varying lets take the down side first when the market is turning from a bear to a bull does anyone know what the 3 times would be? 1) during a selling climax this is the most risk bounce off a retest because one never knows exactly where the selling climax will end so if you identify a selling climax and you buy you could be out some money for a bit but you must sell on the automatic rally after the selling climax okay? what would be a good strategy if you didnt want to buy a future on the selling climax? option or a spread bull spread? wait for the retest? you would look at the wekly and /or monthly chart identify that support and you can sell a put option wouldnt option volatility be low there and they'f be underpriced? under that support why do I mention this srartegy? stragtegy User [buck /206.72.36.251] joined forum at Thu Mar 02 21:12:09 EST 2000 no the opposite sal the option premimum for the puts would be HIGH oh yeah,sorry thinking backwards and selling an overpriced highly volitile option why do I suggest this because IF you identify a selling climax what happens next? ar an automatic rally auto rally ar so we shouldve done that in cocoa a few days ago? right then after the AR what next? yes sal a retest right? retest retest support? now he tells me :) :) so what would happen to volititly and put premimum cocoa is differnt sal I will discuss during the sc ar nd retest the market develops a traing range what is the worst thing that can ahppen to an option ? decay expire YES expire well if a market devlops a trading range isnt that what we want y y if you sell premimum y y so instead of buying a future on the sc sell a put it will aloow you some time even if you are wrong you wont get hurt as badly I know it is unlimited risk for limited gain but it is a way to play the sc any questions? make sense? YES yes, another tool to use. remeber this is the most riskiest time and scary time to get long ybut the cost of maalox may eat into your profits when the whole world says sell but it is very effective sal :) then the next time to get long after the selling climax is when>? retest after the retest YES does everyone see this? wheat is uip 3 1/4 tonight yeah y up great correct corn up ? on the retest this is fairly safe time to buy a future where beans tonight? unchanged on corn bean up 1 1/2 meal up 40 cents huba huba thanks yea but it may not be a great time to buy a call because the market still has to build cause User [fibo /204.119.225.118] joined forum at Thu Mar 02 21:22:13 EST 2000 understand why a call may not be good hi fibo hi fibo welcome fibo high price with market going up? after the trading range hi everyone hi fibo hi Fibo\ hi fibo for awhile what happens to option premium? shrinks right so it s during sideway action that we can buy calls if accumaultion is occurring by the way look at copper puts here selling so we can buy calls if we see demand within a range please dont buy options with less than 35 days to expiration decay will kill ya gary, wud you also have considered spread, selling deferred? so we have 2 times to buy on the sc on the retest then when? yes davep User [Frank /207.230.57.72] joined forum at Thu Mar 02 21:24:41 EST 2000 hi Frank hey frank across the creek YES sos YES YES corect hi fibo mr Jand everyone CORRECT this is the safest time because demand has set in and you can place your stop under the creek area so does everyone now know the 3 times to buy ? y y y y n questions for frank and fibo I'll bet there are three times to short, also, Right? the three times to buy after a declining market are can u review identifyng sc; thot only clear AFTERwards selling climax retest of the sc and a jump over the creek selling climax thks wide price range what if cleared creek in very deep and stop price would be prohibitive, ideas? and the heaviest volume of a down move hmm wait for a pullback back to the creek sal so we know the 3 times to get long after a down move has ended what are the three times to get short after an upmove has happened as peggy beat me to it? BC retest & ice line so selling oprtions at high volititly is an effective method yes fibo did everyone see what Fibo wrote? y y y 1) buying climax y 2) retest of the BC 3 break of the ice this is the opoosite of the buys which are 1 ) selling climax 2) retest of the selling climax 3_ jump over the creek sell options at a BC calls that is sell puts at a selling cliam due to high overpriced high volititily options understand? questions? make sense? y y y y y I'm busy writing, YES on the 15 min. may bean today was an example of a SC, retest and jump across creek User [eric] left forum at Thu Mar 02 21:33:37 EST 2000 peggy I did that reviwe a line ago so you will have it many poeple asked me to go over this amos did u have anything to add? gary, do you understand a compression open and close? taking notes too Peg :) YES User [eric /206.98.11.150] joined forum at Thu Mar 02 21:34:04 EST 2000 eric hi fibo hello eric can it be anticipated? Where were you when my account needed you, Gary? fibo, did ya trade it? sure dod did on the 60 minuteI was write here where were u yes it can watch volume and price action on the daily and watch for the daily sc or bc how? and find support or resisstance on the weekly or monthly when the daily is going thru a sc that is how I identified the sc in crude last yr as well as hogs the 60 min bean chart was a slow break yesterday it lack supply and support held i did , and the compression close blew thru every rhing thing ? peggy you should now be able to biuld up your account with wyckoff info in what market frank? pork bellies and soy beans what is a compression close? Haven't heard that term. " " did u sell bellies frank? what do you mean? amos did u have something to add on this discussion so far? no, you are doing fine y I dont know about that :) You da man!!! okay questions>? is this clear? if you sell put on sc with this inforamtion you should be able to do well work with a good broker and he can help you identify how far away this great question sal how much time, real short to waste away? I did breifly mention this I would sell the put option if a daily sc under weekly support about 2 -3 strike prices out of the money about 60-40 days ideally this to me is an importnat class yeah too short wouldnt be worth it User [Randy /204.246.241.37] joined forum at Thu Mar 02 21:41:49 EST 2000 right hi Randy hey randy payrll done hello, Randy hi everyone ? this is alot to absorb but please review it will help look at copper for a selling of puts since sal brought up cocoa lets discuss this by the way rice too of selling of puts but they are thin peggy a compression open and close my term fora wide daily range and the open and closeare, ccoa to me are coming up to resisatnce at the creek k about the 835 level see this? y close togather and the close blows thru resistance faster than stuff thru a tin horn either we jump over the creek a move with wide price action and good volume demand or we fail and test the bottom of the range at the 760 area see this resistance of ice User [sherri /209.100.189.143] joined forum at Thu Mar 02 21:45:42 EST 2000 hello sherri hi everyone hi sherri volume hasn't been impressive last three days hi sherri good not mrj sorry good note that is very very true mr j that is why we need increase volume to show demand at resistance to overcome supply or resistance price action looks good, that's one thing good right? chart? cocoa yep means that supply isnt coming in cocoa cocoa ok thx but the market has built some cause from last January about 2 months of accumaultion so we need good price action WITH volume to get a jump over the creek if some of u want a smile, I stoped out twice in soy beans and only made twenty dollars in pork bellies just using a scale,......looks like 9500 maybe,.....being very optimistic User [Gordy /63.88.62.76] joined forum at Thu Mar 02 21:51:00 EST 2000 for a loss of 227.50 questions on cocoa tomorrow may be better Frank lots of resistance 840-880 yes i am not trading tomarrow why? another good anaysis Gary sorry Frank. watch these klevels odf the range 760 830 ok thanks question on cocoa ? a Q, please a downtrend line comes in about 850 from preios ighs yes peggy Hypo'ly speaking, tomorrow is a great price and vol day do I wait for Monday, Tues, Wed need to go to town, fibo, need to take a break, and traders go home early Friday which effects liquidity why's that peggy? if you miss a jump over the creek wait for a retest of the creek agree with that Frank traders go home early on friday? how about the cm frank? I guess my Q is, do I jump in (this is the riskiest, albeit) when? floor traders I know frank I was one wait...peggy but the cm never rests k if you have a smaller account I would wait for the retest about all my favorite markets are in ranges larger accounts can buy the jump one more option ? you mean a call option?> how bout a bull spread here, if down, you buy back short cheap and holdon if up you sell another spread credit this time I like option to buy only near the money yep oats holdng support nicely has a great parallel channel I think this market can go to the 124 area withjin a week User [buck] left forum at Thu Mar 02 21:59:33 EST 2000 rice double bottom looks constructive herevas well questions on anything tonight? I hope this conversation on the 3 times that a market can be bought or sold is helpful trust me it is amos is there anything you would like to discuss tonight? not really you seem in a down mood cat got you tongue? yes the cat or in a down mood? Gary: I posted on oats and Gordy posted on Soymeal tonight Sure would like to see more post. lol yes question sorry amos I try to post daily student post I didnt today becaus eI was busy and didnt get to the board thank you for posting I think posting will help everyone Amos, you posted but left out the URL's. i posted one but then pushed the wrong button and it cleared it off User [Name already in use /62.0.146.121] joined forum at Thu Mar 02 22:03:31 EST 2000 gordy is ameal man huh? please repost fibo if you have time hope it works I hope it helps you User [Name already in use] left forum at Thu Mar 02 22:04:19 EST 2000 ok well any questions? I a Q, please would a reasonable definition of a distribution range or a accumulation range be a high number, thanks User [amos /62.0.146.121] joined forum at Thu Mar 02 22:04:35 EST 2000 gotta exit ,nite thanks all nite sal nite sal I will leave it to an open forum now as it is the last class of the week User [sal] left forum at Thu Mar 02 22:04:51 EST 2000 nt sal I know this is mixing methods, but I have been taught nite sal, good luck nite sal good luck on oats a low number, and a center? and it is goodto be light hearted now wb amos great class again, busy day tomorrow, nite all wb amos nite Gordy gordy thank u nite gordy nite Gordy User [Gordy] left forum at Thu Mar 02 22:05:29 EST 2000 nite lets just chat about markets or questions yes I dont want to go into much more detail I will send lots of charts next week k we had the first rain here today since Oct. it sure was nice do I take into consideration retracement levels with a jump the creek? as markets are very interesting to me where you @ fibo yes peggy Texas yes peggy in the panhandle the husband is from Lubbock tornado ally? mine is from around there too Peggy That's where the rumor got started the world was flat eric how are you doing with the wyckoff knowledge? :) peggy and davep? LOL peg is this helping you all? sort of lmarsh. haven't been any for a long time here pretty good, I learn of lot from the class great lol@Peggy ask what ever you like anyone looked at kc? yes coffee looks interesting here Gary : May I make a suggestion? hos come u did not answer my question gary? I m sorry Frank what question>? mrj i was posting today what i said here about the 15 min. bean chart ok fibo what if the cms are buying all the way down and you don't see that period of accumulation? I do yes Mr j what is your queston frank what did you say fibo? and suggestion Mr J If each one of us would post one item per day, we would have a strong forum because the post would generate more thoughts that sounds wonderful I am up with that thank u a reasonable definition of an range of accumulation/distribution? Would have a high number, I don't know that much about wyckoff to post about the bean testing support today. i will try to post it all on the board lets all post daily if we can to promote good wyckoff thought so let's get witj it claasmates try sherri we wont bite with it ok mrJ!!! a low number and a centering number? too new to me sherri, the answer to you previous q.-that is when you get V bottoms. I am not sure about the questions but I will try to answer a trading range thx amos sherri and I are claiming newbie status during a trading range sherri you deal with resistance and support, 50%, trendlines? yes in accumaultion the pullbacks are on lighter volume you to peggy y and generally smaller price action shucks post your thoughts on those items that's part of Wyckoff the volume tends to pick up onrallies to show demand there are no specific number volume is relative to the area that it trades in and its time frame sommetimes markets have an incresed volume during specific times I'm interested in your thinking and trying to learn please help and months genrally grains have a lighter volume in winetr than summer after 23 years...it is hard to look at new things that is what I mean about volume does that help frank or attempt to answer? User [vik /204.50.130.201] joined forum at Thu Mar 02 22:15:03 EST 2000 sherri, Brad Pitt? n lol@amos hi vic that's different amos lol ok hi guys hey vik besides...he is easy to look at hi vik vik, make sure you read the log for this evening. IT WAS GREAT thanks I am not so sure of that peggy? a trading range is either accumulation or distribution depending on selling and buying, right? take a bow Teach yes no bows Peggy we are all here to learn and try to make money with wyckoff to me wyckoff is the correct way to watch a market we need to all improve so we can make money in the markets with little risk but a slight bow :) yeah! :) :-) I'm checking out gang. I want to visit with my Sweetie. Nite we have a great class with great people and a trading range has a high low and has an average or centernumber, right? we are all learning nite Peggy nite peg nite peggy nite Peggy, good luck nite Peggy User [Peggy] left forum at Thu Mar 02 22:18:32 EST 2000 I dont know what u mean frank hi center low you mean a trading range day high low settle? Frank I don't know if it would help, but I dealt with trading ranges in my post on Oats tonight can b a day or a week or a month right? don't know if I right but its an effort go on frank appreciate it mr j,,, I would appreciate your thoughts marsh vik so if the range of a day or so moves above or below the center 50% of the range it is a watch for a move up or down/ I need feedback to learn so I'm being selfish here I went over when to buy or sell according to wyckoff tonight am I froze out? the log is a good log for review ??? and to sell option premiumum ok u r not selfish mr j we allneed to learn marsh did you see my request? good nite all okay User [Frank] left forum at Thu Mar 02 22:23:45 EST 2000 frank nite frank mine froze to mine too.. well if there are no otherquestions froze temporarily I will see you all on Monday night freeky huh? ok Gary, thanks again nite gary...thank you nite gary and thanks for a great class please email me or call me with any questions missed most of it 877 306-7100 when will this chat be posted toll free nite all thanks gary and amos and classmates in the morning vik ok nite mrj kelly posts the chat firt thing in the morning nite MrJ, good trades!@ nite nite Gary thanks. I'm fine & will e-mail (short!) tomorrow nite mrj please post fibo gn gary you to sherri I will post alot tomorrow have a greta night all o.k. mrj i wll try. good night great User [gary fullett] left forum at Thu Mar 02 22:25:44 EST 2000