 The following is a presentation of TFNN Trade what you see With Larry Pezzavento All now toll-free at 1-877-927-6648 or internationally at 727-873-7618 Now Larry Pezzavento Okay, looking good Billy Ray feeling good Lewis We're going to start the show today like we usually do looking at the German Dax And I think if you take a look at this you'll see the wonderful symmetry that you're looking at here with the 61% retracement the ABCD to the downside and that's the epitome of a Technical analysis the way we look at it. So I think that's something that You know everyone should take a look at because sometimes they work and sometimes they don't and the focus of today's program Will be the ones that don't work because those are the ones you have to pay attention to the winners You can forget about let's take a look here at the next chart that Alan sent us from over across the pond This is the German Dax on a four-hour chart as you can see here We just completed an ABCD down here that 1.618 level that that big move down You know, that's always a an interesting thing to look at when you have that thrust down So anything below 12,100 in the Dax would send it moving lower would be my guess But there's still a bit early in the morning. By the way tomorrow, we will have Norman winsky as our guest Astro trends out of Naples, Florida, which is always nice now Let's take a look at the next one. We want to look at which is the footsie This is not traded as much as the Dax by a long shot There's just not many players over there But it does have the nice patterns and as you can see here that we're looking at a potential 50% retracement down here at 7,200 we're at 7,219 right now To see whether that one's going to hold at that level and then finally the last one we want to look at Here is the an unusual cross-rate that they're looking at right now. It's quite popular over in the UK I don't do too much of it here This is the doll at the British pound versus the Japanese in trades tracks very nicely If you take a look at this, you'll be able to see here that we have a three drive to a top pattern up there Very nice Actually, it's a three drive to a top pattern folks and it is also an expanding triangle to because C is below a and D is above three So that's a that is an expanding triangle and now you can see the profit objective on this after the 61% retracement to 134 takes you down to 132 So those are a few things that you might want to to be looking at if you trade that cross-rate. However You know, I basically stick with the main five. That's really what I wanted to do Now I want to talk about something that we were discussing yesterday and that was the the natural gas Let me get this let me get this up here so we can see it one second here Someone's asking me a question possibly. Let's take a look at we have mr. Z on the line John, how are you this morning? Apologize jumping in here right at this moment. Can I just hang a little ask you to finish your thought on natural gas? And then ask you the question I called in about please. Well, the natural gas is It's in a real real tough spot right now The reason why is you know yesterday that had about a nine hundred place put this in here The den so you folks can see it, but it had a nine hundred dollar profit in it And then it went back below the number which you know We always when you have that much money in it You always want to have your stop at break even and now we're trading a couple dollars below So what we have to do is wait for the next pattern because that three a two pattern from our perspective has failed You had a really strong rally I mean, that's it was almost a thousand dollars and now you know, you don't want to give up a whole thousand dollars Plus your original four hundred dollar Risk, you know, so it's fourteen hundred. So you put your stop at break even this is one of the things We we always teach is that once we go below those numbers that you just want to stand aside and wait for the next pattern So that's the real key to this is that the premise that we were looking at For that support to hold at that 250 level did not work and so we must wait for the next pattern to complete That's the end of what I wanted to That's that's what what I wanted to discuss this morning a Very good Larry. Yeah, I'm calling in prompted by your just the you just highlighted And he's yen about please is Wondered well, I asked the question if you might pull up your four hour or one hour chart Larry just by way of background. I had begun Elation a couple of weeks ago when from 120 to 126 now. I am flat at the moments But I see since the hi at I think the exact number was like 125 80 or so and we Decline bounced and declined again in a ABC type of pattern two questions, please Where is the low risk buy on this ABC down second question side any very short term moves? Do you have any 26 possibly decisively or Runs back down to rows at 120 Well, if I had to put a You know dollar money on it, which is a long-term trade I wouldn't I would rather be on the short side of the British pound because of the longer term trend and this last Rally that we had from September the third You know was up six seven handles with six handles, which is a quite nice area We stopped right at just shy of the 78% level of the last high If I focused on that in the newsletter, of course But the question you ask where's the low risk buy here in the British pound This is this is actually quite an easy one if we take a look at this on a four-hour chart Which gives us the low way back in September the third you can see a very nice ABCD structure coming in at 12330 we're trading at 12390 right now that happens to be an ABCD Gartley said in his book on page 221 he says whenever you see an ABCD structure in a new bull market or a new bear market take that trade Because that's your lowest possible risk and the highest profitable potential So I'd be looking at that that would also be a 78% retracement of the low from September the 12th. So that that's a really key level there 12330 in the British pound the way the way I look at it You know, that's really what I'm watching Appreciate that. Can I follow up one question? I'm I'm left confused and I'm listening to you carefully You said just you just said Hey, you're applying the Gartley the Gartley idea or Gartley's idea Yes, I've been a new bull phase by the first ABC down into support Just said that just before that you said guess intermediate term John You asked me you you asked me long you when you asked me for a long term projection between 126 and 119 and the 126 was nothing more than a retracement in a bear market And you know, I say this is a this is a different Different trade. We're looking at the support. We got a break coming up But stay with us because I if you're confused that means that I'm confused and everybody else is either So what you when we come back from the break? Let's walk through the whole British pound and Give an idea of where we are. Can you do that? That'd be very helpful. Thanks so much. Let's do that We'll cover the whole thing eight seven seven nine two seven six six four eight If you're not currently using the Taz profile scanner when looking at setting up your trading opportunities Then your arsenal is short a mighty weapon The Taz profile scanner is a standalone piece of software that instantly filters over 2,500 global financial markets such as stocks ETFs commodity futures and forex headed by Steve doll Taz understands that in today's technological world the use of top flight software applications and technical analysis Expertise is essential to successful trading in today's market You also gain access to the webinar that Steve doll and Tom O'Brien just hosted the best way to use the Taz profile scanner to profit This webinar archive is available for all subscribers immediately upon signing up all new subscriptions Also come with a 30-day money back guarantee. 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Z from the den here at Tiger Financial News Network from the offices of Duke and Duke 100 South Broad Street Philadelphia, Pennsylvania John. Are you still with me? Yes, Mortimer. I'm ready to go. Here's what I'm looking at I posted the chart of the British pound on the weekly basis now you'll notice from 2018 the market broke hard from 144 down to 125 It rallied up to a 382 retracement at 133 Then it broke down made new lows and then we had that reversal that you were so adamantly talking about down there at that 120 level and from there we rallied to 125 60 Which was an exact 382 retracement of the high from? 2019 hence here we are where we are right now So we've had a nice move a very nice move from 120 well what roughly? 119 60 and change all the way at 119 80 and change up to 125 80 That's six handles looking pretty nicely So the next thing we did was going by what Gartley said in his book is to look for the first a BCD correction in a bull market now if we're assuming this is a bull market and that's what the assumption we have to take and You know how do you spell? You know assume a SS you and me so be careful All right, you bet you anyway Here's what we have here with we look at it now We have a very clear and this is over the last four or five trading days it topped on the 20th So here we are the 25th. We're five days. We're making the very first ABCD correction since that bottom was made at 119 60 okay now that's a definition right out of Gartley's book is you buy that first ABCD correction and That would be at 123 30 and you know, that's the main thing However, there's a caveat here that Gartley didn't talk about except in his secret book that I only have that the only copy That was ever given to me on his deathbed in 1969 right before he passed away he gave me this book and in the back of it There's a little page. It says be sure you don't take the losing trades on ABCD formations So Well in other words if the 123 30 doesn't hold then you know the whole premise of what we're looking at It the two things would happen one is the ABCD format Would not work and the second thing is your breaking major support at that 382 at 123 30 So this is the way I handle it and I know you know a lot about risk But if I buy at 123 30 and I know that each tick on the British pound is worth $6 and 25 cents So if I risk roughly 40 points, which is $250 I'm able to control a you know foreign currency that valued you know pretty close to $90,000 I can trade that for about a $300 risk So that's certainly acceptable because if the profit if the pattern is correct It could have a very very Significant return on it, but I like like everything else. I know what my risk is But I don't know what my profit potential is so I have to focus on how much I'm risking That's the the key to what we do in pattern recognition is focus on your losers forget about the winners Those are gonna come and go but the losers are the ones you got to focus on much like we're doing in natural gas We had a nice profit in that and now it's dissipated and we're outbreak even and now we have to wait for the next pay The next the next pattern. So that's that's how I on that Larry. That's very clear I might just follow up and ask just one last question tied in with all of this and Your trip to London a week or two ago You you piqued my interest when you mentioned I think it I think the man's name was Tom Is that the guy you were training? Yeah, Tom. Yes. Yeah or with Michael Spencer Yes, that's Tom. He's out of out of the UK. Yes, I've been my friend for 16 years. Yeah, what can I do for you? What can you ask? I'll tell you just in speaking with That network of I happened to have a I don't have any one second One of the things you know when I went over on the the 8th of September I spent a Sunday Monday Tuesday Wednesday Thursday Friday with my friend and he has studied that a great deal He is he was one of the first people to tell me that break they were going to leave and that was when the odds were nine to one that they weren't going to leave and He believes that they are going to leave. It's mainly because the overall Number structure of the European Union doesn't work when you've got 27 countries in there And you got one or two that are running the whole show, which is basically Germany and France It you know, it really it really it's not fair to them So that's why he believes that the the whole European Union in the year will go by by some time You know the next five to ten or twenty years. He believes that will happen, but that's long term You know that has nothing to do with the trading. That's just a philosophy that you asked about John if you ever get over there to the UK I will set up so you can go over and visit with him and figure on spending the day because when you walk away You're going to be And I know you John really well, and I know what you studied and you will literally walk away with your mouth open so that's That's all I can tell you I hope that helps. I Thanks for the help on that good idea. So Good trading to you Larry. Thanks again Thank you for calling in John. I really appreciate it's nice to have someone calling in so that I can focus on some of the things that You know, we like to see when we're watching some of these markets today Okay, let's take a look at let's take a look at something folks that we talked about yesterday because I want to talk about the patterns That fail and one of the things that we were watching here if you remember Yesterday was we were looking at someone asked a question about Bitcoin and as you can see here We had a really nice Gartley pattern in the Bitcoin you can see there at the d-point down there at 90 9600 and we rallied all the way up to a 10,300 In the first day and then what you do you gave almost all of it back there now There's a situation if you're buying at point D. I mean, that's really a nice You're right at the 78% level you got an ABCD structure and you look at that look at the profit that you have here Now you willing to give up all that profit and you know to keep your stop below D after your you're up You know almost 600 700 points not me I think that would be silly because once it wins once it if should it go back below it That tells you you're in big trouble not only do your profits are gone But now you're gonna be looking at a loss. So if we look to see what happened at Bitcoin Let's just take a quick look you'll see here that that's exactly what happened And this is what we don't want to happen in natural gas because you had a perfect buy down there at 96 It rallied up to 10,400 that's 600 handles and then from that level down it came and if you looked at it really closely and I'm just doing this for the first time right now if you look at it Really closely you can see a and see and all you have to do is to visualize at 10,400 You would have a perfectly symmetrical 1 3 5 patterns saying hey, you know We got to get above this right away before we go anywhere Larry Pezzavento has just started his brand new service Fibonacci 24-7 and he's already delivering content to his subscribers on a daily basis when the markets opened and even on weekends Each Monday you'll receive Larry's written report that provides detailed commentary and a summary on the charts and videos that Larry sends out And throughout the week when warranted Larry will send out via charts or videos or both the key markets that he is watching during the day This will be up to the date active trading information that will help you in your daily trading in Larry's first week alone He sent out 25 charts six videos and a full report to his subscribers in just one week If you're a technical trader that uses patterns and retracements to trade then Larry's service Fibonacci 24-7 is something that you must try right now new subscribers can get a full 30-day money back guarantee with nothing to risk Sign up now to Larry Pezzavento's Fibonacci 24-7 by visiting the front page of tfnn.com under trading newsletters The path of least resistance is David White's daily trading newsletter And if you're looking for active trading ideas then now is a perfect time for a 30-day free trial to this powerful daily trading advisory service David uses his years of trading experience to offer his subscribers his trading ideas each morning in his path of least resistance newsletter Using a combination of equity trades along with options David keeps his subscribers up to date with all pertinent market information with intraday afternoon updates when warranted Don't miss out on this great chance to get a 30 day free trial to David's daily newsletter The path of least resistance with no obligation to pay anything David has been delivering solid Recommendations for his subscribers recently and if you'd like to see the type of newsletter He delivers every morning then visit the front page of tfnn And you'll find the path of least resistance under trading newsletters for all the details and to start your 30-day free trial today log on to tfnn.com now Tfnn is excited about our new software charting program the art of timing the trade charts in Collaboration with Tom O'Brien and using his best-selling book the art of timing the trade your ultimate trading mastery system David White has Programmed an outstanding piece of software that will complement any traders methodology Using this first-of-its-kind program the art of timing the trade charts allows you to scan thousands of stocks for Fibonacci Formation setups including gargleys ABCs butterflies and much more the art of timing the trade charts is designed to help you when Scouring the markets for stocks just beginning to form the trading patterns that many investors spend days weeks or even months Searching to find and right now. We're offering licenses available at only $79 a month. We are so confident that you're gonna love this new charted software that will even give you a 30-day Unconditional money back guarantee don't miss out on this incredible new piece of software get your copy of the art of timing the trade charts today by visiting tfnn.com This segment is brought to you by think or swim for more information Just click the think or swim banner on the front page of tfnn.com All right, folks, we're gonna take a look here at this Bitcoin a little bit. I have not traded this This is not anything that I'm in. I'm just gonna give you an idea of what we're looking at here You can see point D there on the 17th of September we had a really strong rally from 9600 up to 10,400 Now if you'll look at it really close so you can see the 135 pattern you have lower highs They're coming in at really nice ratios if you'll measure the time distance between 1 and 3 and 3 and 5 You'll see that there's very strong Symmetry there and then from that level you went down now if you bought at point D and you wanted a hole for something larger That's okay But why would you why in the world would you give up everything that you made between? 9600 and 10,400, you know just to see if it's gonna go higher. I just don't think that's the right thing to do I know when we look at marks, you know the four major fears the fear of being wrong Which we are gonna be wrong a lot We know that for a fact the fear of losing money. Yes We know we're going to have losing money and we will lose money the fear of missing out Yes, we are gonna miss out because the only way you're not gonna miss out is it if you buy the absolute low-tech and sell the Absolute high-tech that's the same reason for number four, which is leaving money on the table So in this situation now you have made, you know six handles on this Which is a great deal of money and so why would you give all of it back? So your key to that is at the worst-case scenarios you put your stop at break-even and if you see you did that at 9600 you can now buy it at the reduced price Down almost a thousand points at eighty five eleven hundred points at eighty five hundred So there's an idea. Well, you don't want to miss out on that. So, you know pay attention to that folks It's all about risk control how much money you lose not how much money you're going to make So focus on that, you know, you're only gonna be right if you're really good Five or six times out of ten and you'll have a few break-evens and a few losses and that's what you'll be watching as you walk through these Patterns as we you know, see show them each day now sometimes they work sometimes they don't but that's neither here nor there now I wanted to Bring to your attention the natural gas one more time Someone's asked another question about it and the reason they were thank you very much David for putting that in He's put posted the of the four fears. You'll notice here that once that natural gas. Oh my gosh, you know what I Just realized something folks, you know that it's gonna be Mark's birthday on Friday. He would have been 70 years old Okay, let's move on at 71 if you notice here on the natural gas We broken down below that level we hit the the really key level 250 and then we rallied up to 259 and then of course we closed lower right on the low and then it started to move down tonight at 240 to 4 training below that level now So we have to wait for the next pattern to form and that would be an ABCD structure Down lower and that would be an interesting one because if this is a truly bull market This would only be the second ABCD pattern that we've seen in the natural gas The first one was way back a couple months ago about a month and a half ago when mr Z was pointing it out to us at 211 So that's going to be another one that looks pretty interesting So several people have asked me this morning about silver and gold the gold got up to 1540 some 1544 I think yesterday Right at the 78% level silver missed it by about 18 cents, which was supposed to be around 1880 Yeah, 1880 it got to 71 87 1887 it got to 1871 And platinum was just flat rolled over and it doesn't you know, it doesn't mean too much So we'll see if that's going to be something that we need to look at We take a quick look here at the stop and pee We'll be able to take a look at it here one second here and we'll get it up here and be able to see it You'll see here. This is where we've come September you can see the big ABCD structure up there multiple times And we had a pretty good break we stopped right at major support yesterday folks to 1529 52 We're trading around 2970 the last I checked and if we get below that 2940 level that is not going to be good That has been hit. You can see many times over the past We went above it now if we go back below it after all that distribution that would be quite quite troublesome to the to the bulls if in fact This market is going to go down and I'm not sure How okay Terry's asking a question On some of the three drives you show do not look very symmetrical to me Well, they should be pretty symmetrical and the reason what we mean by symmetry is you if you have both time and price together In other words, if you count the number of bars up in wave two and wave three if those are equal That's perfect symmetry, but the the real symmetry Terry relies in the ratios the ratios between Wave three and wave five should be very very close to 1.27 or 1.618 if all three of them One two and three are 1.618 that's the ideal situation because now you're setting at a spot where there's no time left and In other words, it either works right away or you're gone and that's why pattern recognition does give you some really good Low risk entry points seven sometimes they don't work, of course, but you know, that's that's neither here nor there Now that same pattern exists That one three five there one two three drive to a pattern also exists in the strong trending markets that Roy Longstreet talked about and here's a here's a perfect example of this Terry since we're looking at it right here This is the e-mini from yesterday You'll notice that we have that one three five pattern the ratios that we're looking at you'll see wave three is 61% of one and It is 78% the difference between 78 and point eight four for trading purpose is very very small And so that came in at third 30 12 and then we had to move down where we got down to 29 58 50 yesterday we have a have a little bit of bounce So just by looking at this you would think that any resistance in the S&P would come in near those old lows at 2982 if in fact, it's going to to do that So whether that is going to help you or not I don't know but the one key thing that you should always remember is that if you see a Three drive to a top pattern and you have any doubt at all it most probably is Not going to be a three drive to a top or three drive to a bottom It's that clear and then that's drive one up drive to down Drive three down and if it's perfect if you look from low to low to low if it lines up with any type of time or harmony harmonic numbers These Fibonacci sequence number six one point two seven one point six one eight expansions Then that's it. Now remember folks, you'll sometimes if you're using instant software They they draw these patterns out to the thousands decimal point and if you're looking at difference between one point two seven and one point four One four, which is the square root of two The difference in that for trading purpose is usually very very small So that's where the key lies is to keep keep your losses as you know small as possible By the way folks, I just posted that chart the S&P on a hourly basis now if you really want to be creative Why don't you go take a look at the old slippery black stuff coming out of Saudi Arabia also known as West Texas Intermediate crude anyway, take a look at that and you'll see that we have that upside down pattern that right here at 60 bucks a barrel whether that Let's try to get the $55 a barrel pay close attention to it. Anyway, Texas tea that was from the old Barnaby Joe Buddy Epsons. There's a Beverly Hill billies. Yep. I sure love that Love that thing. 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That's 877-518-9190 If you're a trader in the market looking for exposure to gold or gold mining equities Then now is a perfect time to sign up for Tom O'Brien's gold report the summer is over gold is trading back above $1,500 and the 10-year treasury is hovering at around 1.5 percent Tom O'Brien has been writing his weekly gold report for almost 18 years There's no one that knows more about how the gold market trades and how gold mining equities react new Subscribers get a 30-day money back guarantee so you have nothing to lose every Monday morning Tom publishes his weekly gold report with coverage of gold silver bonds the XAU HUI GDX the dollar as well as more than 30 different mining equities as of September 3rd gold report Subscribers have five active open positions with an average Unrealized profit of almost 38% for each position to see for yourself the types of profitable trades that are recommended within the gold report Sign up today by visiting tfnn.com Will the S&P 500 continue to climb for bold trades on US large cap stocks in either direction trade SPXL SPUU or SPXS Directions daily S&P 500 bull and bear leveraged ETFs Direction leveraged ETFs an investor should carefully consider a funds investment objective risks Charges and expenses before investing a funds prospectus and summary prospectus contain this and other information about direction shares to obtain a funds prospectus And summary prospectus call 866-476-7523 or visit direction Investments comm a funds prospectus and summary prospectus should be read carefully before investing an investment in the funds is subject to risk Including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four-side fund services LLC The bull bear binary option hour next on TFNN Okay, we've been asked to take a look here at the hog market. We're gonna look at December hogs Folks look at the time back here in February. You can see that's when the Asian thing happened over and In China they went from 62 to 90 a 28 cent move at hogs at that point Of course there were gonna be no hogs available in the world. In fact China bought a couple years ago They bought Smith's but you'll notice that high came in and of course it turned out to be a bunch of baloney Which many times it does happen That's why being a technician helps you a little bit because you don't have to be focused on some of these things here Do take a look at it. Anyway, if you'll if you look at this what happened in the hogs We made the big top up there There's no three drive or anything in that area that makes it, you know, showing it's a top But you come down and you rally up to nearly a 382 which is roughly point four four You break really hard down to the 61 percent retracement level there looks like it's great and it does it stops at 68 You rally 12 cents a pound up to 78 percent level of the high in May That also is the 50 percent level from the high in April and then you come down and make a big a Bcd and a three drive pattern then this is what Ruby was talking about here on the 10th of September We had a really nice bottom in here now that is not a perfect three drive to a bottom folks It's very very close. The difference is the days is off by the days are off by about Two points, but you'll see the first low was 1.12 not 1.17 But 1.12 and the second low was 1.12 This is the instant program goes out to the thousandths decimal point and that's that's pretty accurate So at 57 75 a way they went and they went all the way up to a 72 And then they backed off if you look at that real closely on that back off You can see the ABCD pattern from the high that we made on the 16th to the low of the 23rd There's a beautiful ABCD comes in exactly at the 50 percent retracement of the low on the 10th And now we've had a pretty good run Now if you bought that you certainly have had you know got about four cents in it You don't want to give all that back So you put your stop at around 66 and let her rip because if it works you're looking at an ABCD structure That's going to take you all the way up to 80. So to give part of your profits back And put your stop at 66 is worthy of it because between 66 and 80 is 14 handles That you're in a free trade and that's what the whole game is all about trying to keep that Keep that moving. So keep that Keep that in mind as you walk through some of these things that it would be very very helpful I think you'd be able to see some of these things unfold as we as we get through these levels right here So that's that's really what I'm looking at I hope that that helps you as far as the three-drive pattern is quite simple as long as you are in a Situation where you don't have to ask yourself the question Gee is this a three-driver or not? It should just jump out at you just like you or an artist looking at You know something that does you know really appealing to you like an Elvis painting out of no Gallus, Mexico Where the eyes follow you across the room. It's truly amazing. Anyway, let's move on someone asked a question here about the dollar index I want to give you a part Two cents worth here on the dollar index because I think we've had some really good Indications that the euro was going to weaken a little bit here. Let's get this chart up first and I don't know. I'm just hoping I'm not hoping I'm not in the sugar But you know, I was assuming it was going to go higher. We should go at least a penny higher Ruby getting up above 13 cents would be my guess But that's I'll do the sugar right after I finish here with the with the dollar index You can see here. We we stayed right at those three bottoms there There's a one three five pattern in the dollar index as you can see there between August and September beautiful one three five perfectly symmetrical Just about everything you can ask for and now we've gotten up above 98 40 in the dollar index Which means that if we get much higher that we could be looking at something pretty dramatic Remember the British pound and the euro are still in major downtrends folks That means that the dollar index is in a major uptrend so sort of pay attention to that It's something that I think that we really need to really need to focus on. Okay Let's move over for miss Ruby to see the sugar the sweet will get up here and take a look I've got to switch over. I still have October October sugar in here Ruby I will I don't trade it so I just put it up a march is the one you want to be trading and as you can see here The low is at 1065. We should get some about another penny higher That's around 13 cents in the March. So that's what I would be watching With that to pay close attention to that one. Those of you that are Are still involved. Hold on. Let me get this up here. You know, we were very interested in these this corn market down there at the 356 level. We're now trading at 377. It's up a thousand bucks So we're at the near the top end of that range there So make sure you put your stops in that you don't give any of that back folks You don't want to give too much of your your profit back. So that's the main thing now I wanted to focus a little bit more on the psychology stuff today But I will take a few minutes here to go over About what what you have to do to be a really good trader. This is right out of my notes from working with Mark He wrote that book trading in the zone here in Here in my office. We shared it together But he said it's a successful trading as a function of staying focused on what you need to learn and not the money That's why looking at these charts every day watching your equity going up and down. That sucks I mean, that's just not very good. It really isn't good. You know, that that's just the money will be a byproduct of your skills He used to give the examples here that gee, I'd like to have I'd like to buy a new BMW Well, if you if you focus on the BMW, you're you're gonna be you know You're gonna be really screwed up focus on the money because right behind the money on that chart is the BMW So focus on the amount of money you're losing or winning not that's not when you're winning better follow your you know Make sure you protect your your losses. That's the key because once these markets run sometimes, you know, they can really surprise you You know, you also you keep in mind that you're always doing the best we can because the results that we found based on pattern Recognitions or whatever system you're using and you have the the experience that to understand it because until you can prove to yourself That your belief system that these patterns work and it's gonna be difficult for you to believe it now I've been doing for so long. I don't even have second thoughts about it when I hear a news item and You know, something's happening whether it's a tweet here tweet there I don't know but you know that I just move on because it's frankly it doesn't make any difference to me to see What's going to happen? To to the market because I know that the market follows a trend and of course with tweets the way they are now that new market will You know, we could use 30 50 handles in the S&P and not change anything We saw that on Tuesday Wednesday was a totally different Tuesday was a totally different thing by the way One of the work that John Jameson and I have been working on over the years His data dependency is the actual worst day for trading in the S&P is actually on a Monday Because it has choppy action and that's exactly what happened So I don't know why it is but 68% of the time you're gonna get choppy action and non-trending markets on Monday So that's something that you might want to keep in mind The most important objective that you have as a trader is to develop a foundation of complete and Absolute that's underlined by the way trust in yourself if you completely eliminate the potential to damage yourself by always following your rules and always Saving yourself then you will have nothing to fear If you never have anything to fear you put yourself in the best possible Psychological condition to learn about the markets and that's the way it is from Billy Ray Valentine of Duke and Duke We'll be right back I'm certain you are or strive to be one of the best of the best at everything you do in life It's the most common trait that we tigers and tigers is share if you're looking to become the best of the best when it comes to managing your money Let me teach you to do what most wealth managers tell you can't be done, which is how to time the markets I'm Steve Rhodes author of Mastering Probability and for the last 12 months timer digest has been tracking my newsletter signals Which have earned me the ranking as their number one market timer in the nation for the s&p 500 for the last 12 6 and 3 months timer digest also ranks me as the number one market timer for gold as well The fact is markets can be timed and I'll teach you the exact set of tools that I use that has transformed me into one of the Best and what I do sign up for Mastering Probability today by clicking on the newsletter tab on the home page of TFNN.com And get immediate access to workshops where I take you step by step how to use an extraordinary set of tools as well as provide great market Calls to sign up today If you haven't checked out the newsletters page of TFNN.com What are you waiting for all of the TFNN newsletters are informative up to date affordable and must have for every trader looking to gain a Competitive informational edge in today's markets TFNN newsletters cover every aspect of the markets to offer you the very latest in market news Plus new subscribers get to test drive our newsletters risk-free for 30 days From all aspects of the markets including stocks bonds metals commodities and tech There's a newsletter to fit your needs exclusively from TFNN Stay informed each day you trade and get the competitive edge that will help you stay ahead of the game Visit our newsletters page by going to TFNN.com and click the newsletters button near the top of the page TFNN.com educating investors Since 1984 Basil Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion Well, originally hand-drawing charts from the late 1970s into the 1980s Basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply Later Basil found that computer software which included the standard market technical indicators Enhanced the degree of accuracy and calling price turns as well as market trend calls Thus was born the Chapman wave sequence using the Chapman wave methodology along with other indicators Basil Chapman advices Subscribers of his expert market opinion each market day with his opening call newsletter Right now you can get a two-week free trial to the opening call Basil's daily trading newsletter by visiting the front page of TFNN.com Cancel at any time during that trial and pay absolutely nothing get your two-week free trial to Basil's newsletter the opening call today by visiting TFNN.com This segment is brought to you by Think or Swim. For more information just click the Think or Swim banner on the front page of TFNN.com Sorry, sorry folks. I just got a frog in my throat All right, let's take a look at the markets still down a little bit here in the S&P We had a pretty big break yesterday a little bit of emotionalism based on the possibility of a Impeachment stuff, which I don't know what's going on there, but nobody else does either We know that over in the UK or you know Boris little Trump Johnson is having his problems too So evidently the political arena is a little more difficult just about everywhere It's just still having problems in Hong Kong with a great deal of trouble in there So it's just a few things that you want to be keeping your eyes on the road as you walk through the trading room of life As they say in the trade. All right, I'm going to share with you one other one here folks Just for the hex of it. Just take a look at it. We'll get up here. Take a look. Oh Where did it go? Where did it? Here it is the wrong one Here's one. This is I'm just gonna you you make your own decision what you want to do here But let's just talk about this pattern here. Yeah, it sure is Marshall. All right. Let's look at the The treasury notes here. It's a daily If you just look at this you can see now there's a three drive pattern that is really really Asymmetrical because one and three and three and five are all messed up there If you looked at it closely between the 12th and the 19th, you could see a much clearer one But that one is not the one I wanted to show Because what I wanted to show you here is this is also a head and shoulders pattern boys and girls You'll notice there on the 10th of august. We made our right shoulder. Our left shoulder was yesterday Possibly we don't know for a fact But if it is it was lower than the right shoulder just two ticks away from the 61 percent retracement We made it in the bonds, but we did not make it in the notes now whether this means much or not I don't know but all I know is we're up eight days in treasury bonds So there's certainly overbought and whether there's going to be a correction or not remains to be seen So that's some of the things we're looking at and with the end of the show coming up here With a sunny day here in philadelphia, pennsylvania eight seven seven nine two seven six six four eight You missed it today folks the lines were filled We didn't have much time to answer any questions But maybe tomorrow god willing the old trading gods will let you get through and you can ask your question So live every day in an attitude of gratitude and may god bless