Gary_Fullett joined. Amos joined. Amos Hello swetz joined. Gary_Fullett good morning amos Amos gm swetz howdy Amos Doc_K hello to all again Gary_Fullett amos can I ask u a favor? can u bold yoru name or choose a color? vj joined. Gary_Fullett easier to read Amos How is this? Gary_Fullett pefecto swetz hi Doc Gary_Fullett i know u have an affinity to black rhonda Hi Swetz how are you? swetz fine as a Southern redneck can be ::biggrin Doc_K hi swetz Amos I will start with the 4 hour charts today rhonda lol rhonda Good Evening Amos vj Hi Gary, Amos vj Hi swetz swetz hi vj vj Howdy everybody ::rose Amos You are so cordial here. I am so used to work by myself-- I forgot my table manners rhonda Hiya vj!! vj Hi rhonda kent joined. handles joined. handles good evening swetz kkkkkkkkkkkkkkkkkkkkeeeeeeeeeennnnnnnttttttttt ::smile rhonda Kent!!! Dave_M pass the potatoes damn it! rhonda GE handles Dave_M lol swetz hhhhhhhhhhhhhhhhhh ::smile stockseller Morning Handles kent sssssssssssssssssswwwwwwwwwwwwwwweeeeeeeeeeeeeeeeettttttttttttttzzzzzzzzzzzzzzzzzzz :) handles yooooo swetz lol Dave Peter hi everyone rhonda ::biggrin handles mornin kent Rhonda!!! Gary_Fullett good group of folks here amos swetz hi Peter and stockseller handles zug gornish amos is du stockseller Look at meal it tanked! stockseller lol rhonda Hello peter ::smile stockseller oi ich fogessin Amos OK let us look at the 240 min chart of the bonds warren joined. Art joined. Gary_W joined. swetz hi Warren - Amos just starting on 240 min chart stockseller Joe must be sleeping... Gary_Fullett naw i just talked with him Amos Once again I must emphasize that the examples i choose have NOTHING to do with the INDIVIUAL trade--only to POINT a PRNICIPLE that works over time Gary_Fullett he is lurking lol warren good evening all -- thanks sw stockseller lol swetz lol Gary Amos I mentioned last time that we may have some symmetry in the daily bonds. Amos Is this something that works more often than not? Amos cannot tell. Amos I know that I am looking for it almost automatically. Larry joined. swetz hi Larry - Amos is just starting on 240 min bond chart Amos I don't trade it until I get a SIGNAL--but I am so used to count bars that it is almost second nature. Larry hi swetx, thx Amos At any rate--what kind of signals am I looking for? Amos ONE OF THEM is the 4-hour reversal. Amos WHY? Amos It comes from trading forex swetz gives you better than 50% chance of being right Amos For some reason when you are dealing with a market that goes 24 hours NON STOP-- the 4 hour chart= 240 min is significant Tom joined. Amos It does NOT WOKR in the Beans or the softs-- but In the currencies and sometimes the bonds it works email joined. email left. Amos You can clearly see that the bonds have a KR on the 28th Amos Now notice something very crucial Emile joined. Gary_Fullett btw I dont mean to interupt but I must the charts and a 20 page text is on the site under 2/07 now lets listen Amos WHEN A SIGNAL HAS A CHANCE TO WORK--IT USUALLY VALIDATES ITSELF IMMEDIATELY! Amos This is a SECRET! Amos I will repeat. If you have a reversal that is a GOOD SIGNAL-- most of the times it will CONTINUE IN THE SAME DIRECTION in the next bar (on whatever time frame you are working) Amos So the first reversal DOES NOT CONTINUE Amos Do you all follow this? handles y Amos The next bar is INTRA BAR Dave_M y swetz y Amos We then spend some 20 4-hour bars sideways and you do NOT KNOWW IF THIS IS A CONTINUATION FLAG OR A STOPPING ACTION Amos Then you have another OKR==outside Key Reversal which continues immediately-- and STRONG. Amos This tells you that the downmovement was arrested. Amos What I am trying to emphasize here is something important. Amos WHEN THE MARKET GIVES YOU A RATHER CLEAR SIGNAL--DO NOT IGNORE Amos You know I keep harping-- use your multi pairs of eyes to find SITUATIONS where the market is already is READY to reveal itself Amos One of them is the friendly Key Reversal. Amos The question of course is always WHICH TIME FRAME TO LOOK AT. Amos I do NOT have an answer to that Amos But if you keep looking at the 4 hour chart-- NEVERE IGNORE A LARGE KR on that chart Amos IT IS A GIFT Amos I can SHOOT MYSELF when I find out how many times I have missed a CLEAR SIGNAL only because I DID NOT WATCH IT Amos It is very difficult for one person to watch all markets Amos But in a room like yours-- you should NEVER MISS such a signal Joe_K I would think most Key Reversals start on the lower time frames, where Vol and Price gives a tip Amos In other words--You should HOLLER about such things and make every one AWARE OF THIS Joe_K then register upper translation BBob joined. Amos Joe-- my exact point is YOU DO NOT NEED THE LOWER TIME FRAME!!!!! Joe_K Well we agree to dissagre then Amos Just concentrate on IMPORTANT ONES and your trading will improve tremendously Amos Did I know that the market will get hit so hard when it got to 11027? Amos NO WAY Amos But the fact that I had one backes by some symmetry assertions--gives me some back wind to continue and trade it mostly correctly. Amos AGAIN-- I do not care if the Bonds work--there are other more important aspects to that market--because above 11102 we had a weekly thrust by one tick and I must Amos Sit and think if this is a trap or REAL penetration of a weekly high-- which is MUCH MORE IMPORTANT in terms Amos Of analyzing correctly the picture of S and D Amos but the 240 min reversal--is a GOOD GUIDELINE Amos DO NOT MISS IT Amos The next example is the BP Amos Again, I did not have any real support below the 195 area. Amos The only thing you could say on the daily chart is that the 21 MA was coming up and the market held at that level Amos BUT!!!! Amos THE 240 min Key reversal said: CM IS BYING Amos BUYING Amos The real advantage of 4 hour signals (and of course LARGER TIME FRAMES) is that at that point the CM IS NOT HIDING HIS FOOTSTEPS ANY LONGER Amos He does not care if we join him. Amos It does not have to materialize instantenously. Amos But is it like a SIGNAL among smart money-- YOU CAN BUY THE NEXT DIP or SELL THE NEXT RALLY. Amos Do NOT believe me. Amos Please check this on your OWN CHARTS. Amos Check it across commodities and stocks--until you are convinced Kelley joined. Amos But if you end up in the room with a DAILY LIST OF ALL THE REVERSALS that happend acrosss many markets-- I WILL NOT CHARGE YOU A PENNY for my "lectures"-- I will just thank you and USE THESE SIGNALS Amos Look at the next one-- Weekly Kiwi--New Zealand dollar. Amos This is one that I cannot forgive myself Amos I WAS THERE AND I EVEN WROTE ABOUT IT AT GVI Amos But I did a VERY LOUSY JOB Amos You can see that the market did sort of WEEKLY KEY REVERSAL and the NEXT WEEK close at the high--but did NOT make a higher high until the 3rd week. Amos I realized that this was a point that the market should rally. Amos I DID NOT realize how signifcant that point was. Amos WHY? Amos Because I did not LOOK AT THE LARGER TIME FRAME at that point Amos I do not trade the Kiwi., I just read that someone asking about it and I glanced at it without doing too much IN DEPTH look Amos So we have a SIGNAL which is WEEKLY KR. Amos THIS IN itself--CALLS FOR CLOSE MONITORING because it is A SIGNAL Amos Now you need to see if it validates itself--the FIRST and FOREMOST validation is IMMEDIATELY IN THE NEXT BAR--MAKING HIGHER HIGH ( or Lower low if this is a BC type of KR) Amos Now look at the next chart: Amos I can kick myself hard Amos Not for not ridign the full 10 points from 60 to 70-- I could NEVER DO THAT Amos BUt at leas half of this I should have ridden Amos WHY? Amos You have 3 year SUPPORT ON THIS CHART! Amos When you have 3 year support plus a weekly KR--You have a rather HIGH LEVEL OF KNOWLEDGE Amos THIS IS A GOOD TRADE!!!! Amos Again. Much success in this business is GOOD HOMEWORK Amos Good homework menas first and foremost DO NOT MISS THE CLEAR SIGNALS Amos When you look at old charts-- you can always find signals, IN HINDSIGHT that were very obvious. Amos How could we miss them? Amos WE SIMPLY DID NOT SEE THEM! Amos Good traders DO NOT MISS THE CLEAR CHANNELS Amos You really do not need to be that smart or that knowledgable Amos Some of the best traders are working very simply methods Amos But SIFTING THRU THE MUD and LOOKING FOR THE BETTER TRADES THAT THE MARKET really hands to you--is one way of succeeding in this business. Amos So what is it? Amos SIMPLY--ORGANIZATION!!! Amos When all is said and done-- THE ONES who are better organized-- and have a CLEAR WORKING PLAN--have better chance of success Joe_K Very true Joe_K But why limit time frames ? Joe_K EVER Amos Again-- you have a group here--if you ORGANIZE YOUR GROUP-- DELEGATE SOME CHORES, HAVE PEOPLE ASSIGNED TO SPECIFIC TASKS--you can be well ahead of the game Amos Joe--I do not limit time frames-- I just show that some of them like the 4 hours in the currencies give very good signals Amos You do not have to use those Joe_K I say USE THEM ALL Amos Next chart is again the daily bonds Joe_K Thats what their there for Amos It so happened that the symmetry worked this time. Amos But the market marked it with a large day that closed near the high and immediately continued higher the next day Amos This is again an important clue. Amos When you get a signal that has a chance to work--in this case it is a KR, in other cases it will be a spring (that may take the form of a kr or not) Amos it is important what is the NEXT BAR. Amos Most often when you get IMMEDIATE CONFIRMATION of that signal--it is sort of minimum validation. Amos in the 5 mintues it may be pure noise--but the higher you go on the time frame-- the stronger is the signal. Amos Many people are scared to follow a weekly sign because the stop loss Amos is too prohibitive at that point Amos But one of the cliches in Wall Street is: Amos "The harder the trade--the better it is" Amos Why? Larry cm not letting folks in w/ him Amos Because the market succeeded in preventing us, the little schmucks from joining in the loot swetz people tend to do what feels good instead of what is right Kelley more risk/more reward Amos Now back to the bonds Amos The last rally in the beginning of Jan was 4 or 5 days, depneding how you choose to classify the last day--it made a higher high but closed as a reversal and also made a lower low. Amos left. Amos joined. Amos sorry lost internet can you see me? Kelley y Larry y swetz I see you Amos ISP problems handles y swetz nice hat ::smile Gary_Fullett yes Larry lol Doc_K go bold again Amos Happens last 3 weeks too many times Amos I forgot what I was saying Kelley bonds handles bonds Amos I yes swetz you were talking about the KR in bonds Amos Ahh yes swetz early January Larry looking at the last little rally in bonds early jan Amos If the symmetry is working then bonds should turn down now-- But I have conflincting sing now in that we took last week high (even if by one tick Amos so Now the Symmetry is not an issue for me any longer--and I maust pay attention to other elements of the chart Amos Again, what I am trying to point out is NOT the individual trade. ONLY THE PRINCIPLE Amos If you are tuned to all the POTENTIAL SYMMETRIES in many markets-- You do a good homework and you are READY FOR IT jc joined. Amos BEING AWARE OF THE DIFFERENT SITUATIONS that arise in different markets is a TEDIOUS JOB-- If you do it well-- YOU WILL BE REWAREDED Amos Next chart is the beans Amos I mentioned last time the 21 weeks . Amos Now if you look at the weekly chart--we are very close to the 2005 high Amos I Drew parallel line and I have a range jc left. Amos So we are close to the top of that "RANGE" and we are in week 21. Amos What to do? jc joined. Amos If you think that this may turn out to be resistance--all you have to do is wait for a WEEKLY THRUST! swetz don't buy Kelley lol, no Amos If we get a weekly thrust next week--I AM GOING SHORT! Amos PERIOD Amos I do not care if the trade works or not-- I know that if I take such a situation 10 times-- I WILL MAKE MONEY 7 out of ten Amos This is TRADE SELCTION Amos This is synnergy Amos This is patience Amos This is HIGH LOK Amos Do I know how the market will behave once we get a weekly thrust? Amos ABSOLUTELY NOT Amos and I do not care. Amos If you take a weekly signal-- You must monitor it according to that time frame. Amos When you mix MACRO MGMT with MICRO MGMT-- You are missing the point. Amos Do you have any questions swetz Amos - but wouldnt you take a KR on daily chart if beans at weekly chart? Amos Sure swetz then monitor the action based on daily chart? Amos If I take a 4-hour reversal--Of course I would take a daily one Amos What I am trying to say that If I have a chance that the Fibonacci count will work--then I need to wait for that time frame to give me a signal Amos At that point the trade has a better chance to succeed swetz yes, I see - thx Amos Amos That does not mean I won't venture ahead of this (with a SMALLER SIZE TRADE) to trey and guess a reversal on the daily swetz if daily works out for you, then add to position on weekly if see weekly thrust? Amos swetz, this is an individual aspect Amos Everyone has their own little soul and impediments to cope with swetz ::smile Amos I cannot dictate to traders on what time frame they should work Amos If you soul is happy with weekly charts--so be it swetz Amos in your experience have you found that KR work better when combined with springs/UT? Joe_K I just dont understand why 4 hours means anything, The lower Pivots are defined why not take Price Volume as its given, and ( as a bonus you tickle a Fib, then call it gravy ? ) Amos All I am saying is DO NOT MISS BIG AND CLEAR SIGNALS Amos Joe-- I think I mentioned in the beginning that in markest like FOREX that work round the clock--staring from Japan rolling to Europe and ending in New york-- the 4 hour bar charts are VERY SIGNIFICANT Amos They do not work in beans of sugar Joe_K If an hourly 60 min Bar has highest Vol in past 8 weeks, the 4 hour Bar will reflect this Joe_K Later Joe_K correct ? Joe_K KR Amos Joe-- this is a free country. YOU DO NOT HAVE TO USE the 4 hour Amos just that most significant forex traders DO Joe_K Asking you a direct question Drew joined. Joe_K All sig moves translate from lower to higher Amos Joe_K all Im saying Amos From my experience-- 4 hour bar charts on currencies reveal things that the the hourly chart--do not- Amos It is noise many times in forex Joe_K They cant Joe_K This is my point Amos I sent you a blurb by Angell about taylor handles yes warren fascinating Amos Joe-- I disagree. period. But that does not mean that my approach is better than yours. Amos If I look too much to the forest and lose the trees--ion the long run-- I lose money Amos This argument with Joe may be significant Joe_K Wyckoff used 3 tick stops Joe_K Livermore / Amos All I am trying to say in this room is this: Joe_K ? Amos DO NOT DARE LOSING THE LARGER SIGNALS Joe_K lol Amos You can miss small signals Amos But if you MISS THE MORE CONSPICOUSU ONES--Then y ou are NOT DOING YOUR JOB as TRADE HUNTERS Peter it is significant, it has to do with timeframes and what you can see on a single timeframe vs one that agregarates...but lets debate it later Amos When you peruze markets and observe them and you come across important reversals-- Y OU MUST HOLLER to the group to BE PREPARED! Joe_K There is no debate Unless Wyckoff endorced using select or partial Bars Amos I did not intend to get into the Taylor today-- I sent those 20 pages for you to read. Amos Angell did a faily good job at summarizing Taylor's issues. Amos He himself admits that Taylor's writings are too cumbesome to use. Gary_Fullett please let amos lecture Gary_Fullett u may diagree but hear him out please Amos I will just point a few issues and while you read them at your free time--maybe that will help handles sure swetz please Amos ::smile Amos The most important clue that Taylor is pointing at is REPETITION Joe_K Gary if Amos ask questions then we comment Amos He is concentrating on a ryhthm of 3 days where the market gets to a low point (according to him GENERATED BY THE CM FOR BUYING LOW) Joe_K When he goes Lecture mode we shut up Gary_Fullett u r correct joe i apogize Joe_K TY Amos from that low point the market will rally and make the high of the day--towards the END of the day or at least LATER THAN THE LOW Amos the next day is a "profit taking Amos " day Drew left. Amos where he likes to sell against the previous day high or a little above it--and then wait for the next day which will "finish" the move and bring in sellers and you want to GO SHORT on that day for the coming reaction warren left. Amos And be ready to buy again on the 4th day since it will be a LOW POINT at which the CM is buying again for the next cycle warren joined. Amos Now it is ALMOST IMPOSSIBLE TO TRADE THAT WAY TODAY Amos He devloped his theory when the market was traing 20 cents for 3 months! Amos But apparently there was enough wisdom in his PRINCIPLES that it lingered and people are still quoting him. Amos i do not know ANY TRADER who keeps the "BOOK" Amos I honestly tried for a year--and FAILED Amos It is too difficult and compared to the VISUALITY of the CHART--seems arcaine Amos But hidden in his rubling are some very clever observation of MARKET NATURE AND BEHAVIOR Amos and THAT is why it is worthwhile talking about his method Amos AGAIN, The purpose here is NOT TO BECOME BOOK TRADERS Amos But to GLEAN FROM HIM the most salient points of his UNDERSTANDING OF THE MARKET Amos There is NO ARGUMENT that he understood MANIPULATION and the THEORY OF MANIPULATION-- VERY WELL Amos He also was very accurate about the tendency of the market to have some rerpetitive mode Amos One of the things I would like you to pay attnetion when you read the stuff is thefact that he emphasizes the TENDENTCY OF THE MARKET to follow itself Amos A STONG DAY WILL USUALLY BRING ANOTHER STRONG DAY Amos A NARROY DAY WILL BRING ANOTHER NARROW DAY. Amos Thus--when you follow the market behavior in the "LAST FEW DAYS"-- it is one of the better indicators of what will be the NEXT DAY Amos This is where Linda's NR7 comes in-- Market goes into a narrow range-- and CONTINUES TO STAY IN NARROW RANGE Amos What causes this? swetz supply and demand at equilibrium Amos I have come to the conclustion that many times this is done by OPTION SELLERS Amos But it DOES NOT MATTEr. Sestz Supply and Demand at eauilibrium is as good as any Amos The POint is that Taylor kind of forces you NOT TO GET SUPRPRISESD at market behavior Amos One of our banes is STM==SHort term memory. Amos We look at a chart and they are desgined to fill the page (Another curse I will talk about some time) Art left. Amos and we tend to look at the last daily swing and EXPECT THE SAME THING. Amos Well many times this is part of manipulation. Amos I need to prepare my thoughts on that--because If you mix time frames and you want to present a principle--you better have your thought arranged--because it will look like you are saying OPPOSITE THINGS at the same time Amos This is, btw, one of Taylor's curses--when you read his stuff--it seems he is saying something and ITS OPPOSITE ian the SAME PARAGRAPH-- this is because he is Amos a poor WRITER Amos and I fell I falling into that trap right here. Amos So I better leave it here for you to read the material and we will get into it next time-- I will be more prepared and you will know a littel more swetz whew - I thought it was me being a poor reader (which may still be true) ::smile Kelley lol Amos I certainly hope you will spend some time reading it Amos Angell did a fair job at summarizing the stuff. Doc_K read it Amos In the long time to think of the market in terms of Buy , sell, Sell short days cycle is NOT SO BAD! Amos Especially if the market is coming from an IMPORTANT LOW Amos One of the problems with taylor is that he seems to IGNORE LONG TERM SUPPORT AND RESISTANCE in his observations... even tho, when you read carefully Amos he will say somehting like: stockseller left. Amos "on those occasions that the market runs much deeper than expected because the ....(CM) is in a hurry to get to its "target"..." Amos and you KNOW he DOES PAY ATTENTION TO IMPORTANT LONG TERM CHART POINTS--but the "book" itself does not pay attention to them and only works within recent weeks Amos At any rate-- If we disect this and decipher Taylor good enoug-- I think this will be the ONLY place on earth that does this seriously--so you can tell your children this fairytale. Amos Tell me which market do you think exhibits right now the MOST CLEAR SIGNAL Alvin joined. swetz lol Amos Amos Can you point to a market that has a clear signal right now? No matter what time frame? Amos What can you say about February in general? Amos What about copper? Amos Remeber we mentioned 437 as one important support? Amos 237 Peter yes Peter I plan to buy 235-37 Amos Again-- the value of KNOWING ALL POINTS AHEAD OF TIME Amos Peter, I would rather buy a WEEKLY THRUST Amos Copper may sit here and do nothing for a long time Amos Do not forget that copper stayed within 50-120 for decades Amos What prevents it from going back to 1.20? Like luber is retracing all the way to 20 year lows? Peter I understand Amos, that is your niche, minei s to buy support the first time there or a retest of a good reaction swetz Amos - to me IBM is a short tomorrow swetz it is the best market I see for action right now Amos I am looking swetz but I only follow stocks Amos my e signal is failing at the moment Amos What is the model for going short, swetz? swetz daily thrust from monthly/weekly resistance swetz monthly resistance at 100 swetz been in place since January 2004 swetz on weekly chart Amos Actually Ibm is an interesting chart swetz I thought you would like it ::smile hugh left. swetz see the KR on weekly chart last month swetz and now is being retested Amos If you look at the weely we had a large Outside KR and now if we get a WEEKLY THRUST it will be THRUST AFTER KEY REVERSAL Amos I am not sure if you fully understand the model of THRUST AFTER KR swetz I don't Peter no please explain swetz I thought it was the follow-through after the KR Amos It means that you wait for a TEST of the KR and ONLY AFTER THE NEXT REACTION (BUY) or RALLY (SELL) you enter the market Amos in other words you relate to the KR as A SIGN THAT THE PREVIOUS TREND IS OVER--IT IS A REVERSAL--and now you are looking for a TEST, A CAUSE, A COUNT-- to enter but ONLY ENTER IN THE DIRECTION OF THE NEW TREND Amos Ibm on the weekly had a reversal from 100.980 to 94.55 swetz yep Amos then it rallied for the last 3 weeks making higher lows/ Dave_M in it's 30th week from bottom also Amos WHEN IBM MAKES a lower low on the weekly chart-- which at this point is below last week which is 97.45--then it is a G Amos WEEKLY THRUST AFTER A WEEKLY REVERSAL Amos If we stay this week withing the current range (99.90 to 100.44) then NEXT WEEK penetration of 99.90 will give a weekly thrust swetz I just saw it as a test of a weekly UT ::smile Amos This can be a very good trade!!! swetz Amos - do you mind looking at the daily chart of IBM? Gary_Fullett see we are not just pretty faces Amos Crude gave a good sell signal intraday today-- I wrote to Gary that if we take out 2 days low at 58.45-- it is a short Amos The stop of course is above 60. Amos I am short Gary_Fullett yes u did Gary_Fullett 5850 i think u mentioned swetz please tell where my thinking is wrong but I thought I could go short IBM tomorrow Amos We are still above the low of the first day of the month--which may give support swetz from the daily chart Amos I pay close attention to FIRST DAY OF MONTH as an OPENING RANGE MODEL. Amos I call it the Stienhardt model Amos Do you remember this? kent I remember you mentioning it, yes Amos This is what Michael Steinhardt say MARKET WIZARDS when they asked him what was his secret Amos Worth reminding Amos He said:" I am a poor idiot from brooklyn." Amos I do not know much about markets. Amos I heard that if Supply defeats demand prices go down Amos If demand defeats supply- prices go up Amos And if Supply= Demand-- prices stay in a range. Amos I search ranges. Amos I WAIT Amos I PUT a buying order 1% avober the range Amos I put a SELLING ORDER 1% BELOW the range Amos VOILA 200,000,000 DOLLARS Amos WHY? Amos There CANNOT BE A TREND that I WILL NOT BE IN IT! Amos As simple as it is--the Turtles used something similar and got crashed in the end Amos But I use this model all the time. Amos For me THE FIRST DAY OF THE MONTH is like an OPENING RANGE Amos Much like the FIRST HOUR DURING THE DAY Amos Many times the market FOLLOWS the BREAKOUT OF THE FIRST DAy of the month rhonda left. Amos In Crude we broke above the high of the first day of Feb to the upside and continues for 2 days. Amos Today we made a DAILY THRUST and closed NEAR THE LOW Amos ON ITS FACE the market SHOULD CONTINUE LOWER Amos If that signal was valid--AS I SAID at the beginning of this evening--ONE THING I WANT TO SEE is IMMEDIATE VALIDATION of that signal Amos So if today CRUDE DOES NOT MAKE A LOWER LOW--This is NOT a READY SIGNAL. Amos Is that point clear? Amos It is very important-- Kelley y Amos when THE MARKET IS GIVING A SIGNAL that is GOOD--I interpret it as the CM NOT HIDING HIS FOOTPRINTS any longer--AND I CAN GO WITH IT swetz y Amos Amos Most likely , most GUESSERS of the TURN have already been washed out! Amos BUT THEN the Market should continue in the direction of the signal. Amos OTHEWISE something is fishy swetz by waiting on a thrust, you stay out of the guessing game? Peter there are other attributes of that crude short that would validate it a clear parallel downchanel forming Amos GOOD SIGNALS that SEEM TOO OBVIOUS--are GOOD SIGNALS Amos Peter--that is ALWAYS TRUE Amos I am just pointing to the simple THRUST METHOD which in the long run is one of the best trend following approaches Peter not when it finally breaks out of that channel :) Tom left. Peter I understand Amos, sorry for the intyeruption, I'll be quite Amos I think I mention here Dennis DUnn From Long Beach--took me YEARS to understand who Genious was his simpe weekly thrust method. HE MADE MANY MILLIONS WITH THIS Amos The GREATEST ADVANTAGE OF USING LARGER TIME FRAMES and THRUST METHODS IS that it FORCES YOU TO BE LATE IN THE MARKET Amos We all want to be EARLY. Amos Rothschilde said " I ALWAYS ENTER TOO LATE" Amos Being late in the market is ONE OF THE SCRETS OF SUCCESS!!!! Amos WHY? Amos Because you enter the market AFTER IT HAS PROVEN ITSELF swetz because you are trend following Amos YOU SSTOP GUESSING Amos NO swetz Amos It is true INTRA DAY ALSO swetz oops ::smile Amos IF YOU WANT TO TRADE THE TURN OF THE 5 MINUTE CHARTS-- it is STILL better to wait for a REVERSAL Dave_M left. Amos I am talking SURVIVAL HERE Amos I AM TALKING LONG TERM SUCCESS Amos I AM TALKING BEING A BUSINESSMAN Amos I AM TALKING TRADE SELECTION AT ALL TIMES Amos If you do this-- YOU WILL MISS MANY TURNS Amos BUT YOU LOSS TO WIN RATION WILL IMPROVE TREMENDOUSLy Amos ane YOU WILL AVOID BIG LOSSES Amos I cannot over emphasize how important in this business is NOT TO LOSE, rather than MAKE MONEY! Amos We all make money Amos Few of us know how NOT TO LOSE Amos Most of NOT LOSSES involve PATIENCE! Amos You can believe me-- or stick your hand in the fire to try it yourself-- UP TO YOU swetz well said Amos Amos Everything I try to say here is NOT TO TEACH YOU NEW METHODS OF TRADING Kelley Dennis dunn, is he a published author? If so, what is the title of his book? Amos Only to try to point you in the direction of SIFTING thru the market TO AVOID GUESSES and Losses Amos Dennis Dunn used much of his fortune to finance the magazine "GROWING CHILD" which I used as a gift to any of my girlfirends who became a mother swetz ::smile Amos Amos It is one of the BEST EDUCTIONAL materials around and I fell in love with that man when I found out that he used his PROFTS FROM THE MRKET OT HELP HUMANITY Amos To me that is the ONLY WORTHWHILE CAUSE TO MAKE MONEY HERE swetz yep agree Amos I actually started to respect Dunn and his trading method AFTER I FOUND OUT that he was a BEEFECTOR of humanity Amos I think he has a retarded child--which promted him to invest in that field Amos OK Kelley ty swetz Amos do you have time to look at daily chart of IBM? Amos read Taylor, look for important REVERSals and ADVERISE THEM IN THE ROOM and be prepared for the markets Amos see you next Wednesday Nick left. swetz cy Amos - thanks Peter Thank you very much Amos, these lectures are getting better all the time, vey much appreciated Amos Daily IBM yes Kelley thank you Mr. Cohen swetz cool warren thank you Amos swetz I was thinking that today was a thrust from a DT swetz on daily Amos 98.90 is crucial support for me. Below it there is 97.96 and then 94 Amos also 13 days of rally from bottom. Amos It may be a very important juncture. Certainly worth close monitoring Amos I need to look at stockcharts P&F to tell more wait a second swetz okay, thanks pat very educational,Amos, thank you warren swetz ordering copies of Growing -- magazine swetz lol warren Joe_K shes getting lofty Amos Only cause to go down to 91 Joe_K as many are Amos not a bad trade Amos 10% decline handles hey i see that Gary_Fullett lol warren handles lol swetz thx Amos swetz for taking the time to analyze IBM chart kent thank you Amos, again :) Amos see you guys next time. Please COLLECT DATA AND GATHER INFORMATION--INCRERASE YOUR LOK!!!! soilguy as always Amos, very thought provoking. TY Amos and Gary Amos Good night Gary_Fullett amos thank u handles gn Kelley good night Amos left. handles thanks amos Gary_Fullett be safe swetz have a good night/morning handles k guys stick around for a sec handles lol Kelley lol Joe_K lol handles beat ya gary swetz lol h Gary_Fullett lol Gary_Fullett well i wanted to knwo if u had any quesitons Joe_K Carolinabeat Habs lastnight ? Gary_Fullett i knwo some may disagree Joe_K lol Gary_Fullett but its amos niche BBob it only took a second for amos to give a snicker target.. lol handles shh...joe Joe_K lol handles well it looks obvious to me bob Joe_K ( Wait till tom, Im talking...) swetz Amos makes me look like a snicker bar in mud Joe_K lol BBob yeah swetz ::smile handles if it breaks.....we see 91 Joe_K Cant talk Wed nights Joe_K lol BBob you think so.. Alvin Thanks Gary and Amos Kelley Gary, you know anything about Dennis Dunnn and his thrust method Gary_Fullett okay I am going to do charts...... i will se eu all tommorw morning if not tommorow morning kent hasn't stopped you before, Joe, lol Gary_Fullett i dont Gary_Fullett kelley Kelley ty swetz lol kent Gary_Fullett night Joe_K Thats ok Kent... Joe_K :) JimC left. Gary_Fullett left.