 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 to us a little bit of personal business here today How they had they were having a big powwow over in some foreign country in Europe? Wasn't London someplace else and they were asking traders to come over and do some live trading with all the donations going to the folks in Morocco and I thought that would be a pretty good idea So I suggested that I would be happy to fly over at my own expense and give a four-hour presentation And they said well you only know a B equals CD So I think we need to find someone that knows something a little bit better than that and I said, you know what? I think you're absolutely correct, and I gave them a whole list of people that Do know a lot more than me. So I was free from not having to go to Morocco Back when they had the big earthquake in Christchurch in New Zealand old 15 16 years of me no more than that 20 years ago Larry Williams got together with some traders and we did this for one day, and we raised $76,000 in one day For the folks there for food and water and things like that So it doesn't bother me folks and honest to God I it actually was an honor for me I told Tom who guard and he laughed and he said that's a that's a badge of courage and I said yes I know because that's one thing I do know is a B equals CD not much more, but that's it anyway I got this chart here of the crude oil by the way Jeff huge was going to be our guest today But he's got the flu. I'm gonna hopefully gets a lot better. We'll have him on next week Tomorrow we're going to hopefully have Grace Morris I believe she's going to be back from her trip to Paris that wasn't Paris, Illinois is Paris, France And then on Friday, we're going to have Jim Bartolioni of Bart's charts Okay, historically, we're going to look at this chart here of the crude oil as you can see It has a price objective up there of 89 74 Behind a day so far was 89 63 very close for government work We're now bucking a half under that now whether this is going to mean anything or not But let me tell you the story about a B equals CD folks. I've been doing this for a long time It was January of 2011 Okay, and there was going to be a war called Desert Storm and Storm and Norman Swartz golf who was a big advocate of the art of war by Sun Sue where it says Attack at the dark of the moon so your soldiers cannot be seen and so I said well, guess what it is It's the dark of the moon on that day that Wednesday and by golly. They said, you know maybe that's what's going to be happening my daughter Jill was working with me in the office and Bryce Gilmore was there for a time During that time and so I had three patterns that were just absolutely perfect. I had a beautiful by pattern in stocks We had a beautiful by pattern. Excuse me a cell a cell pattern in gold And that we also had a beautiful cell pattern in crude oil at $42 a barrel I sold it at 4206 that day and I had a stop in at 43 and so The market closed it closed down a little bit for my area made 30 40 pips So I had a little bit of a profit and I went to get I've told this many times, but it's one of my favorite stories So I went to get my haircut and it was four o'clock Our time which was midnight Baghdad And I was in the chair and of course these we were family friends that that they ran this shop And so Jill called and she said dad. She said you do you still have those positions on and I said, yeah She saw dad. She's you're going to get killed and I says why she said turn on the TV. They're bombing Baghdad So I turned it on and there it was they were having this tremendous You could see the infrared green pictures of all the Rockets going off and everything and I said, okay, I got my hair finished I went home and went back to the office I and I I started calling the overnight desk that used to have a Drexel for For the you know, what was what was happening in gold and what was happen? I couldn't get through and I kept trying and trying and trying and trying well This was during this was January the 11th And there was some people that there were a Capricorns and in San Luis Vista always made a big deal of having a party So I had to go to this party. I get back about 11 o'clock at night I was trying we didn't have cell phones back then folks and I was trying to call all the way through finally I get through at one o'clock in the morning and I finally get through to the to the guy Richie and I said Richie I said what the heck is going on? He's all God Larry. He said you won't believe it and I said, okay I said give me the bad news. I said what how much is crude oil up? He said Larry. There's no bids on crude oil. I Said Richie, what are you talking about? He said no He said we don't have any bids five dollars lower six dollars lower $7 lower nobody wants to buy crude oil. I said Richie are you sure your dad is working right? He said I'm telling I said, well, what's gold when he said gold's limit down. I Said oh my god that morning folks the S&P left a gap that still has not been filled to this day And I don't know when it will be filled but someday it probably will but anyway that happened to be a really big day My problem was I covered the crude oil on the opening down $11. That was $11,000 a contract I was risking a grand so to me that was a big deal. All right the following year in January We were here with Mark Douglas and we were doing a seminar here in Tucson and go and that crude oil Was our trade of the day had $11 a barrel and Mark and I Were we're laughing about it because he said you know look at that all you had to do is wait And I said, yeah, well, that's waiting and waiting is something that I don't do too well But anyway, that's why would I look at these charts and I hear people talk about that I think it's great and I think everybody should have their own opinions, but folks I do one thing and it's a vehicle CD I don't do it as well as I could probably but I do it a lot better than I might so that's all I try to do You know, I'm just just just looking at that and that's all I'm really doing I had a few little little little patterns that I've learned along the way that work really good the one three fives The Gartley's butterflies the three drive to a top three drive to a bottom, but they all have one common thing folks AB equals CD and that's all I need to know and when I have that in my my quiver I'm an okay as an archer, but by golly. I'll tell you it's It's it's a fun business to be in but by golly, you know Sometimes you get to wrapped up and some of this stuff I'm not trying to demean what the lady had to say today I I think it's great that she has an opinion. All I have is a chart I don't know anything about the the Arabs finding that they were short three million bushels or three had three million barrels of Oil no, I don't know that But I do know what ABCD as I know when it goes past ABCD I got a problem and that's what I try not to have to do is to have a problem And so that's what I'm trying to do as I do this each day and to bring you this information To give you the best of what I have, but it's basically down to one thing You know AB equals CD and if I found something better I'd certainly share it about the closest thing I found something as good is three eight two and since we're on to that Subject I just want to come on. We'll come over here Quickly and I want to bring this up and I want to bring this this one here. Hold on just a second here I want to bring this chart up. You'll be able to see it right here And there you'll see it right now, and I believe we have that going in the den I think it's a hopefully this is going to be showing the crude oil chart Let's try that again. This should be showing the the treasury bonds and treasury notes. Thank you, Jacob God bless you my son. I've got it Eureka as Archimedes would say Eureka. I've done found a coat We're gonna be right back folks eight seven seven nine two seven six six four eight Steve Rhodes started his trading career as a student almost 20 years ago And the student has now become the master Steve won the prestigious timer of the year award in 2018 and barely missed that mark Again in 2019 finishing at number two for the year an amazing accomplishment Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast amount of trading knowledge Every day in his mastering probability newsletter Steve's award-winning newsletter Mastering probability is delivered every trading day with updates throughout the afternoon sign up for Steve's market newsletter Mastering probability and you'll receive access to seven of Steve's educational webinars Absolutely free at TFNN all our newsletters come with a 30-day money-back guarantee So you have absolutely nothing to worry about visit TFNN comm and try mastering probability 30 days risk-free today TFNN educating investors Are you ready to take your trading to the next level? Introducing Tom O'Brien's award-winning newsletter market insights your key to successful active trading Tom O'Brien Renowned for his expertise in the financial markets has designed market insights to be your daily guide to profitable trades Tom publishes his daily market insights newsletter every market day before the market open along with updates when warranted stay ahead of the game with Tom's real-time analysis and trade recommendations delivered straight to your inbox whether you're a seasoned trader or just starting out Market insights provides the edge you need to navigate the markets with confidence ready to join the ranks of successful traders Head over to TFNN comm and subscribe to market insights today Don't miss out on this opportunity to supercharge your trading results market insights comes with a 30-day money-back guarantee for all new Subscribers, so you have nothing to risk. Don't miss out on this opportunity to revolutionize your trading game Head over to TFNN comm right now to join the thousands of traders who have already experienced the power of Tom O'Brien's award-winning newsletter market insights firsthand TFNN educating investors TFNN has just launched their new trading room the Tigers Zen hosted at discord TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours And now they are expanding their reach with the Tigers Zen available to all Tigers and Tigris's for just one dollar for the year There's no catch or added costs when you join our community of traders in the Tigers Den you can look over the shoulders of Tom O'Brien and the other TFNN hosts while they Analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas interact with other Tigers and Tigris's as they share trading ideas news analysis and discuss the market action all Trading day even at night and on the weekends the Tigers Den at discord is accessible on mobile or tablets as well So it's always at your reach to sign up today and become a part of this educational community of traders Just visit the front page of TFNN comm Call now toll-free at 1-877-927-6648 internationally at 727-873-7618 Well, I don't know how it's happened folks, but a caller has gotten through with all those lights I can't believe it Mike. How are you doing my friend? Hi, thanks for taking my call. You know, I've heard that story about I think it's January the 15th 1990 Where you have the massive rally in the S&P? I Want to go I want to turn the clock back to August of 1990. Did you see the bottom in oil? Do you see the rapid movement in the in the price of oil before Saddam Hussein? Elected to invade Kuwait Well, well, I don't remember that all I know is it was going up into that time frame into 2011 and I I don't remember 1990 1990 he he invaded right after the World Cup was over That was August of 90 August of 90. Yes, August and After the Argentine Italy after the game was over he apparently who say was actually the big soccer fan He was watching the game after the game was over then he he called the invasion You see so he waited till the to the the World Cup final was completed And then he called the invasion, but did you see the movement in the oil stock or in the cruel itself prior? I I don't remember Mike. I'd have to pull that chart up a little bit later I I what I'll do is after we come to the first break I will pull up that chart and from 1990 I can go back that far and I can see whether there was a pattern there that I can't remember back that far That's 30 what 33 years ago. And so that's beyond my realm. I only go 31 years from memory Hey, Mike Bill Griffin was on with the guy from Los Angeles Yeah, I I notice that they Quarter and the actual the banner a year for the TSX is oil-rich stocks. You see yeah Did you see the movement there where where the charts showing the bottom and cool oil? I'm gonna be looking at it and when we come up to the break I can't look right now because if I do I'm gonna screw up the chart that I've got in there now And that's the one I want to get to but we come to the break which will be here in six minutes I will get it ready And I have time for the next segment because I've got the whole half hour and we'll discuss that and see if We see something from August of 1999, you know, I wanted to change the topic to forex I want to talk a look at the Canadian dollar Yes, our famous Prime Minister Justin Trudeau had a disastrous trip to India His plane died his plane actually failed on the runway and they had to bring in another jet and He was snubbed again by the Prime Minister of India He's called an emergency meeting with this cabinet back in Ottawa. I think it's a swan song I think he's gonna wrap it up. He's lost his wife He's lost his family. His wife has filed divorce papers on him it is his ratings his popularity ratings are like under 20% right now and I think he's having a cabinet meeting very soon. He's just gonna call it quits and Just shuffle off to some remote island or somewhere that somebody else mop up the mess Yeah, probably look at the Canadian dollar. I will Happen Let's let's I hope I can do this without messing everything up So just bear with me here one second and I will bring up a Canadian dollar chart Hold on one second here. This takes me a second to get this up. I'm hoping anyway And that comes in right about here. Geez. Yeah, because if Trudeau does step down I think we'll be a rally in a TSX As you can see here, the the Canadian dollar has been incredibly weak here over the past since July But right now it's backed off a little bit. Now, I don't know if that'll make much of a difference or not But the fact that we stopped you can see here We stopped right up here at the 78% level four days ago up there at that 137 level And then we've come down quite a bit So if we can get that above the average 137 one more time that would be a beautiful three-drive to a bottom pattern three drive to a top pattern And that would be a certainly be a sale But I don't see any other a bcd's on this chart at all other than the one that made the bottom back on July the 17th, that's all I see with that. Yeah, how about the pull the body? I don't In the middle more than the FMP and I was like you see at least at least a 10% correction from now on and on years Yes, the answer that is is most possibly yes or no I think there is but you know, you got to follow what the charts say I mean, they've been up here for quite a while and not backed off much So we're going to find out whether they can hold it or not. We're going to know here the next few days Do you see distribution? Yes, I do. I do see a lot of you see it in Apple. You see it a lot of other things But yes, I do see that but the market's not responding very much to the downside And very much to the downside as soon as it goes down it rallies 30 points So you've got to be very careful as far as risk is in sort of buying the retail Mike you think they're going to tell me he's buying nobody's who knows it could be anybody could be you or me It could be nobody. I don't know. I don't care who to buy the buyers and the sellers are the same little fellas That's all you got to know because you don't need to know that could be a mutual fund could be a hedge fund It could be a bank. You don't know and it could be a combination of millions of things Just look at the chart. That's all you got to do. What do you want to be a buyer or seller at that point? In a future episode you could discuss the events leading up to the August 4th 1990 invasion by Iraq Kuwait if you could look at the chart I'm going to do that and if you could look at the the oil index look at maybe the Philadelphia oil The oil index look at the the intermediates and the senior producers like Exxon and and And chef are they moving up in anticipation of an invasion? Mike that's over my pay grade. I'll look at crude all that's all I need to know that other stuff is cannon fodder as far as I'm concerned I really am I don't really care So I'll look at crude all for you when we come back from the break. I'm going to do a Going to go and look at a weekly chart or monthly how it'll be a monthly because I got to go back so far And we'll see if there's anything there that that is there and if not I'll make it up No, you'll be able to see it on the chart because you know enough about the charts as well as I do is whether it'll work or not But we come back from the break. I'm going to go over to 1990 if the charts will give me this data And I'm almost sure they will we're going to see where we were in August of 1990 I remember that very vividly August of 1990 but for the reason I don't remember but Have a lot of birthdays in August. Maybe that was the reason but I will bring that up And we come back from the break and that'll help you go stay with us, right? Hey Mike What are they doing with the police lotting now? Do I understand it got devalued or something? Up looks like we lost Mike. He must have got angry with me because I didn't have all the answers that he wanted Okay, let's move on here for just a second here. We got to take a break here in just about Hold on. I'm trying to get the crude oil up so that I can bring the crude oil along with the And go back a month to see where we are. Let's see how much time we've got here We've only got 45 seconds, so I'll just talk to you for a second when we come back I'm gonna go back to 1990 in August and I'm gonna see I know there was something big happen in 1990 in August But I'm gonna try to find out what that is and we'll be back here after we pay a few bills 877-927-6648 The gold report as a precious metal gold is still king It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market The US futures market and the Shanghai gold exchange the gold report Tom O'Brien publishes his weekly gold report every Monday morning for subscribers Consisting of coverage of the XAU HUI GDX the dollar bonds the South African Rand as well as 25 different mining equies with specific buy-sell recommendations The gold report New subscribers get a 30-day money back guarantee, so you have nothing to risk Subscribe to Tom O'Brien's gold report newsletter now at TFNN.com Everything in the universe is governed by the Fibonacci sequence This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market To stay on top of stock patterns You can take advantage of sign up for the Fibonacci 24-7 newsletter at TFNN.com when you subscribe you'll get a weekly report from veteran day trader Larry Pesavento on stocks You need to pay attention to and you can trust Larry's analysis after all He's got 45 years experience as a day trader Larry will also provide daily charts videos and data on the key markets that he's tracking Expect notifications from Larry on market movement You need to act on at any time first-time subscribers also get a 30-day money back guarantee If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up Subscribe to the Fibonacci 24-7 newsletter today TFNN.com educating investors Sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice sure, but you also need excellent instruction from experts at TFNN You'll get advice and guidance from the authority and technical market analysis And it's not just dry tedious text either TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV live every market day from 8 30 a.m. To 4 p.m. Eastern for free each host is an experienced trader and gives their take on the market while taking calls and questions live from around the World from the moment the market opens until the closing bell sounds Tiger TV has eight different shows with expert hosts to help You make the right moves with your money watch online at TFNN.com or on TFNN's YouTube channel and become the Investor you were born to be TFNN educating investors Don't forget you can listen to TFNN live on your mobile device 24 hours per day Go to TFNN.com then hit watch Tiger TV That's TFNN.com then hit watch Tiger TV Hey folks, I put I posted the chart here of the chart from 1990 August of 1990 my my mind must be slipping if that's that's when Desert Storm was it wasn't January It was here is the January one Right here Was the low and when when when the oil hit $11 a barrel right there. That was January of 99 this was Desert Storm. You can see a crude oil there at 42 bucks a Barrel and went from 42 all the way down to 10 and 10 all the way up to 150 There's anybody we're gonna have a little test now We were well, let's say we're trading in 130 and this is 2008 does anybody know the name of the firm hold on one second folks I've got to I've got to change an order here. It'll only get it's only gonna be a second and Shucks, let me give you one second here to do this and then I'll be right with you here I'll leave it in for a little bit. Okay. Anyway, this is what we're paying attention to now This is the area right here right there. You see this when what oil was 130. There was a special report By none other then starts with the G It's the first letter in the company and the S is a second I'm not going to name the company because I don't want them to be angry with me But that's where we were now what we're gonna do now since people like ABCD All we're going to do now is we're gonna go and see where the ABCD comes in So there a is right there. Okay down there at $11. Okay, so put that as the marker in and Then you put your BC swing up in there and that was at 121 When they came out at 121, they said it was going to go to $200 a barrel and folks Two weeks later it went from 150 in the next seven months. It went from 150 to 30 Now as you look at this right here, you can see the a b C D swing right here. Let's just check and see how this is. This is monthly chart folks You know, I don't trade monthly is very often, but let's just see there's a b and there's CD. Oh My goodness, maybe it's not as bad as people think it is Anyway, that's what we're paying attention to right now. So that's that's neither here nor there So let's pay close attention to this now. I've got to do something here Because I've got a yeah, I've got a rather hold on me. Let's get this up here. I think it's a 15 13 minute. What is it? Yeah, 13 minute. Yeah, we're getting really close to that since we're doing a BCD So we're looking at these right now And we're looking at these right now You're gonna hear a beep here pretty soon. It's gonna be me screaming There's your a b leg right here and there's your CD leg coming in right about here So we're very very close to what we think will be a a bcd move Now that's what I'm looking at here is I'm watching some of these things here Okay, let's move on here to one of the thing that I want to do and I want to get to the Shucks. Oh Dear, oh, you know what I've got to do here hold on second I've got to do something really quick and I've got this is business folks. So bear with me on this one All right, I've got to come up here to discord and I've got to come in here And I've got to change the window here because I don't want to Show a live chart here to get all messed up. Okay, so bear with me here For just a second and I'll be is the chart still showing now. I can't tell whether it is or not I did hit stop streaming. Okay, so it's not showing correctly All right, let me come up here Share a screen stop screaming. How about now? Because I need to do something quickly and then then we'll be in fine Okay, that's good. So give me one second here and I'll be all done and we'll be we'll be fine so bear with me here one second here and Boy, oh boy, hold on just a second I can't so this Oh Okay, now give me one other second to do this and I'm almost there right now and I want to sell one the market, okay, oh Don't want to do that. Nope Boy, I'm poor folks when I do this I got to be really careful because I just about messed up pretty badly here So just give me a second and what I'm doing is I'm covering a short position here from the Just give me a second Part as part of the delay here folks But I want to make sure that I get this thing correct because I don't want to have an air in something So I have to change I have to change the Positioning on these things as I go through and look at them. Okay. Okay. Now color me happy. We're all right Okay, so we're in good shape. Sorry. Okay back to the back to the business here of Trying to go through some of this stuff. All right So that I hope Mike was listening, but desert storm. Let's get that monthly back up there So they'll be able to see it easy enough and all the ABCDs that were there If you don't believe in ABCDs on this chart, you'll never believe him on any chart That would be my that would be my guess. So we're going to come up here and we're going to hit to share a screen And hopefully this will be it right here And there it is. There's a screen. You can see there was desert storm It was August. I'm sorry. It was August the 15th I believe yeah August the 15th of that year when crude hit just right at $42 a barrel Dropped 11 in the 99th and the big ABCD up and folks when you see that ABCD right here The read this is a 382 retracement here by the way It when you see a market that's screaming like that that comes out of point C I know I know a lot about ABCD So that's one of the things I do know when it comes out of here like a rocket just like it did here, okay? When it comes out of that point C really fast you can bet your See bet that the apple you're going to give your teacher that it's going to be an expansion In other words a B is not going to equal C. C. He's not going to equal a B. It's going to be a either 1.27 or 1.618 of that number now Let me show you what I do what I see that happening. Maybe this will help. We'll Get this up here so we can take a quick look at it So I'm just going to take this one right here, and I'm going to change I'm going to change the CD leg to 1.27 you see where I changed it right there and then we're going to see how close it comes to the high and the high was 182 and we hit 147 so the CD leg is 1.27 of the AB leg now coming down here You see you don't have that same thing because it's coming down very normally. You see you've got the A B CD Look you come right up. There's your 70% retracement There's your number to the downside And so that's what we're that's what we're looking at as we're watching these things unfold here So I I hope that I hope that gives you some inclination that that's what we're that's what we're watching when we're we're looking at these things here today so I think I've got a break coming up already. I think don't we know we got 43 minutes to do that And then we'll cover and if you have any questions eight seven seven nine two seven six six four eight Sorry for the delay folks, but uh, that's something that I had to Had to get done and I wanted to make sure That everything was fine with so we're gonna be right back eight seven seven Nine two seven six six four eight stay where this will be right back folks You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future, right? Like any endeavor in life before you decide it's impossible get some advice from the experts You might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities Subscribe to the opening call newsletter at tfnn.com The opening call newsletter is written by basil Chapman creator of the trading methodology known as the Chapman wave The Chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys and stock prices Get the opening call newsletter by basil Chapman and your inbox every day First time subscribers also get a 30 day money back guarantee If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors Are you ready to take your trading to the next level? Introducing tom obryan's award-winning newsletter market insights your key to successful active trading Tom obryan renowned for his expertise in the financial markets has designed market insights to be your daily guide to profitable trades Tom publishes his daily market insights newsletter every market day before the market open along with updates when warranted Stay ahead of the game with tom's real-time analysis and trade recommendations delivered straight to your inbox Whether you're a season trader or just starting out market insights provides the edge You need to navigate the markets with confidence ready to join the ranks of successful traders head over to tfnn.com And subscribe to market insights today. Don't miss out on this opportunity to supercharge your trading results Market insights comes with a 30 day money back guarantee for all new subscribers So you have nothing to risk don't miss out on this opportunity to revolutionize your trading game head over to tfnn.com Right now to join the thousands of traders who have already experienced the power of tom obryan's award-winning newsletter market insights firsthand tfnn educating investors Biotech is booming But for how long whether you think the biotech bull has room to run or has run its course trade labu or labd Directions daily s and p biotech three times bull and bear etfs Visit direction investments.com slash biotech today An investor should consider the investment objectives risks charges and expenses of the direction chairs carefully before investing The prospectus and summary prospectus contain this and other information about direction chairs to obtain a prospectus or summary prospectus Please contact direction chairs at eight six six four seven six seven five two three The prospectus or 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 This program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz Okay, folks. I pulled up a weekly chart here of the canadian dollar going back two years You can see the um up here in the left hand. You can see the big abcd measured to 139 63 That pretty much hit it and you can see the abcds all the way through here So this is what's been happening now Now there's a chance here that if maybe a true doe does give up the ship Which I doubt very seriously that he will that's all rumor stuff that I can't bank on But that's what we're watching here on the weekly now if we go down to a daily chart We're going to go to a daily and now what we're going to do is we're going to go down to an hourly chart To see if we can find something and here's where we are right now This is if you're looking at this from the last from september 1st All we've done is we come down and we stopped pretty much Right at the old seven eight six now. This doesn't mean a whole lot But we did stop right here. Okay. Now. This means the dollar Should start to increase against the canadian one more time So if maybe mr. True doe gives up the ship away it goes and if he doesn't maybe it'll go But here is the here's the small three drive on the hourly chart now this took four days to complete So there's your ab leg right here. There's your cd leg coming in Right here All right, that's the bottom that we just made now We're going to find out where the 78% level is going to hold I don't trade the canadian dollar very often I trade the euro and the euro is telling us That we are getting ready to probably make hold on one second here We want to get up here to see it. Where is it right here mr. Euro? I know you're here Here's where we are. Okay. Now that's given us a pretty good idea We had a lot of volatility because of the cpi number But we felt that we had a chance in here because we recommended buying at the 61% retracement It went a little bit below it by about 20 pips a stop was down in here so far It's starting to work. Okay, but this is when the report came out And the fact that we've been here now since september the 7th We've been here six days and something is interesting about this chart folks If you want to determine what the trend is you want to look for guess what Higher bottoms and what do we have here? We have higher bottoms And what is on the other side is we're having some higher tops, aren't we? Just but not much but just a little you see we're starting to see the trend change Higher top here higher top here higher bottom here higher bottom here This tells us that we're most probably going to go higher I was in a meeting once. Oh my god 25 years ago with john murphy and there was a heckler out in the off in the room And uh, I tried to shut him up and john said to me says larry. He says let me take care of this So I just shut up and john said to him the question was about trend and john said It doesn't make any difference what the trend is the trend is if you have higher bottoms And higher tops you're in an uptrend if you have lower tops and lower bottoms You're in a downtrend and the guy just kept heckling him and finally said you don't even trade And of course john does trade he had his own uh fund that he traded and it was doing incredibly well So he just shared it right up on the screen You know what he was doing at the time And the guy just finally wouldn't shut up and then finally someone in the audience made a comment that Evidently hit spot on because the guy picked up his toys and and he left but uh, whenever you have a heckler and I've had That's not someone at the door. That's just knock on wood that I've had very few Hecklers a couple but not too many but uh, I remember speaking with larry williams about this many times Is you can't please them no matter what you do the greatest? Avenue for total failure in your life is try to please everybody And gee you just can't you can't really do that So let's get back here to the euro and see where we are now remember on the long term picture on the euro Look in that daily, you know, we were down here with this abcd. You see we made that but look at this We've been down here. There's there's those higher bottoms coming in right now. See it's much different than here See we had to rally This was much bigger much bigger rally than this one was right But it's still got a chance in here because we've got these higher bottoms And that means accumulation just like over here. So that's what we're that's what we're looking for Now what we'll do now is we'll go down To a smaller time frame and see if we can see the next little abcd pattern, which we should be able to find There is the You know what we're doing here is uh, I'll get rid of all these others right here So we'll be able to see it without any trouble at all We're going to do the we'll do them one at a time just to show you Yeah, maybe they do work some of the time. There's that one right there And then we have another one that's coming in Right up there. We just hid that one and now we're going to have another one coming up in here Up and right about there. So there's your abcd. No mystery. Just history It's all we're looking at now if you go back and look at it Where we're in here look at this now. This is this is a little bit more than the abcd here folks I hate to give all these secrets away, but this is all stuff that's never been shown before folks I've never shown this to anyone, but look at this You have a this is called one That could be called the bottom right johnny johnny says yes And we go up and this could be called a watch on the top And then we come down and there's another bottom right here And another top right there and look at this We have another one and look where it stops exactly at 1.618 right there Now isn't that amazing? Wow I'm gonna have to put this in a book or something There it is right there on the money and go. That's where we're headed to folks. So Get your trading shoes on because we got some action coming in the The euro looking at these charts as we're paying close attention to them here Today, okay So anyway, I hope that helps and we'll be able to see what's going on Let's see how low that where is that crude oil at that we were let's let me change these screens here I didn't realize I could do this And so you're going to have me here a little bit longer to vertical I need to get up here to where I want to see if that crude oil made the 21 just a second here 13 minute and I'll get down here now see I'm looking for it to get down to Get down to this level right here. Now. We couldn't get there now the reason the reason why folks I had an order setting here at 18 88 21. Okay, and here it is 88 31. That's a hundred dollars now I do I want to give that up that hundred dollars after that lows right there So I covered it at 33 and it's at 56 right now I it was a day trade it made a lot. It made really good return That's all I asked for, you know, and so I'm not you know I'm not trying to reinvent the wheel or anything like that. That's all I'm really trying to do now Something as interesting as happening now for the first time in a long time And that is you'll notice here that we are finally moving above the 382 now in the treasury box Not unusual because look at this movement that we had here folks. There's your abcd right at the old bottom if you like abcds Tried to buy that down there and I missed it by a heartbeat as you can see here My order was right there and it didn't get there and boom and went I missed it But now you see with the first time we're above the 382 of this move right here This is telling me that this market is getting ready to go higher. Okay Now I sold 21s and I got out at 24. It's now trading at 25 That's that's what I do is, you know, if it gets above it by much I have to say these things are still going on accurate that you've got to you know prepare yourself for You know not taking much of a risk and that's it's not how much money you make It's how much money you don't lose a boy. This time goes really fast when you're Moving your ellipses as long as mine have been moving here. So let's check and see how we're doing with the old Time on the wall how much time we got here? Oh, we're running out of time. So we'll be right back eight seven seven nine two seven six six four eight If you're looking for potential trading setups in the stock market Then rocket equities and options report is a newsletter you should try Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and Sign up for rocket equities and options report today with a 30-day money back guarantee So you have nothing to risk for all the details and to start your subscription today Visit the front page of tfnn.com Tfnn educating investors You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball. After all it's impossible to predict the future, right? Like any endeavor in life before you decide it's impossible get some advice from the experts You might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities Subscribe to the opening call newsletter at tfnn.com The opening call newsletter is written by basal chapman creator of the trading methodology known as the chapman wave The chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys in stock prices Get the opening call newsletter by basal chapman in your inbox every day First time subscribers also get a 30-day money back guarantee if you're not satisfied Let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors Everything in the universe is governed by the fibonacci sequence This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market To stay on top of stock patterns You can take advantage of sign up for the fibonacci 24 7 newsletter at tfnn.com When you subscribe you'll get a weekly report from veteran day trader larry pesavento On stocks you need to pay attention to and you can trust larry's analysis After all he's got 45 years experience as a day trader larry will also provide daily charts videos And data on the key markets that he's tracking expect notifications from larry on market movement You need to act on at any time first time subscribers also get a 30 day money back guarantee If you're not satisfied let us know and you'll get a full refund within 30 days of signing up Subscribe to the fibonacci 24 7 newsletter today tfnn.com educating investors Tfnn has launched the tiger's den hosted at discord tfnn has been educating traders for more than 20 years With live programming hosted by a variety of professional traders during market hours the tiger's den available to all tigers and Tigris's for just one dollar for the year There's no catch or added costs when you join our community of traders sign up today and become a part of this educational community of traders Just visit the front page of tfnn.com Don't forget you can listen to tfnn live on your mobile device 24 hours per day Go to tfnn.com then hit watch tiger tv That's tfnn.com then hit watch tiger tv Okay, folks. I've got the natural gas Chart up here and as you can see we're looking for natural gas to come down here to 229 You notice that's another abcd pattern that's here We've had a rally up. We stopped right at the 78 percent level Two days in a row right there at 278. We're now at 265 All we needed to do is to get down to here That will be a really nice trade if you get to that level because you're going to have an abcd here You're going to have another Let's just draw it in since we're doing it with kicks and giggles. Oh, it's a darn thing I'm going to draw it in with the pencil hold on that way. I can make sure that I see it There's your ab leg. There's your cd leg. It's going to bring you down into this level Right here now. We want to check this because if that's the 61 retracement off of this Uh-oh, it's going to be close now. We got it. We're going to go for this right here We're going to be looking between 235 and 230 is what we're going to be looking at here For the crude oil natural gas and the reasoning for that is if you get rid of some of this stuff You and get rid of that one All you have to do is to draw your expansion number from your high Low to your high and there you're coming in. There's your 230 number That's what you want to be shooting for and when you get to that point You will have a really nice abcd lining it up Just spot on it. Oh 1.618 and there's what you'd be looking for right there Looking at this on a shorter term time frame. We had a pretty big move today We'll see how close it came to the I haven't looked at this in a long time folks I've been busy doing other things too many cats in the house. Hold on you see went right up to the 78% level Yesterday and then almost hit it again today and then we've had a pretty good move down This is what I think we're heading for is an abcd. So that's pretty much it So live every day in an attitude of gratitude and may god bless and try to do something nice for your neighbors folks Everybody needs help. So may god bless