 The following is a presentation of TFNN. The Trader's Edge with Steve Rhodes. Toll free at 1-877-927-6648 or internationally at 727-873-7618. The Trader's Edge. Now, Steve Rhodes. Good afternoon from TFNN. Welcome to the June 26th, the wonderful Wednesday edition of today's Trader's Edge show. I'm your host, Steve. Perseverance Rhodes, who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past. Hope everyone out there is having a great day. How about we have an extraordinary one? Yep, let's have an extraordinary day. And the easiest way to do that is to always remember that life is happening for us, not to us. That's right. When you and I make that one little two-by-four shift, it means we can find the gift in every set of circumstances. That life is going to toss at us. Today, you and I, we're going to go check on the circumstance of these markets. We're going to go figure out what the bulls and the bears, what those buyers and sellers are communicating to you and I just passed one o'clock in the afternoon. I want you to know that I'm absolutely grateful for your presence here, but more importantly than that, during this next hour, I'm here to serve you. So feel free to pick up that phone like John and Philly has done. You can call us at 877-927-6648. If you can't call and we've got you covered, let those fingers do the walking. Send me an email at Steve at tfn.com. Inside the subject heading, please put radio show question in our Tiger's Den. Any ping will do. So let's go ahead and get this show started on wonderful Wednesday. Of course, this is Tiger Financial News Network. I'm Steve Rhodes. Welcome to last show right now. Markets in the green to the upside. The weakest would be the Russell 2000 up only about 50 cents. Spot volatility expect 10 pennies, but still above its 50-day exponential moving average. Gold is off four bucks, and that's where we're going to begin the day by going and speaking with John and Philly and discussing gold. John, thanks for calling. Thanks for holding. How are you on wonderful Wednesday? Hey, wonderful Wednesday. Too bad it is not weird Wally Wednesday. But hey, I'm speaking to you, so it could get weird. It could. It could. I wanted to ask you if you can help me with some shorter term work on this gold. You and I have spoke privately over the past months where I began employing your, the tool you discovered, the utility from a trader's perspective on stock indices of using Apple G and Perigee Pivots, that lunar cycle tool. And of course we've had the discussions where I've started applying that and looking to see if it's as useful as a technical tool on Comex, gold and silver futures. And the bottom line is over these past months I have concluded it is useful. Okay, anyway, gold has rallied so strongly as we all know. It's pulled back. It's just now in day two of a pullback. We have the Osaka G20 meeting right in front of us and I have my suspicions as to what's really going on there but let's leave that aside and make this observation, Steve, that the decline in the gold futures from 1443 down to 1405 in two days time as far as the number of dollars per ounce in a correction this is amongst the biggest during the past weeks. And what's really interesting to me, Steve, is this, the Apigee Pivot for August Gold Futures is 1403. Well, we went down to 1405 this morning and of course we bounced a little bit. Nothing conclusive but that level has been tested and held. So I'm wondering if you can share with us if there's any other technical work that's in your arsenal that we can hang our hat on to look to in support of the idea that a pullback to this 1405 or something close could in fact be a completed pullback followed almost immediately by higher highs. So if you've got something to share on that I'd be much obliged. Sure, so we'll do that and you mentioned short-term so we'll go take a look at some short-term charting timeframes out there and see what their message is. First what I want to do for the listeners out there is John was referring to the Paragee and Apigee Pivot points. Now Paragee is the lunar phase during the current cycle where the moon is furthest from Earth and Apigee would be during the cycle when the moon is closest to Earth and over the weekend, sometime on Sunday John I don't recall the time, but it was during non-market trading hours was when that Paragee lunar phase arrived. Over a weekend what I do is because I'm never sure of where this hidden level of support or resistance is at. It's either the close of Friday's session or it's the open of Sunday's session. Right now John has pegged the open of Sunday's session as being the number. They're both relatively close. The close of Friday was 1400.10 and the open on Sunday 140390. We won't worry about the change out there. So in essence the message that I'm hearing John say is because this has worked I haven't followed Apigee and Paragee as to the gold contract as much as John has but we know how good of a trader and knowledge that he comprises and so we have to believe him. So John, first question I would pose back to not to answer the second because I'll but I would if gold were to close below 1400 let's say right now and I know you're looking at it from the long side buying pullbacks from the long side would you change course? But before you answer that question because you want to specifically provide to us some additional information maybe that influences your question or not. So I'll step back from the daily chart that we have here and just go to the five hour chart of course we don't have a 25 hour day but that for whatever reason you and Bob Saratoga Bob identified the importance of the five hour time frame. So let's take a look at that. In the five hour time frame for gold the chart that we have up on our screen it was generating or it did generate yesterday a price relative strength divergent pattern the rose momentum indicator signal did that when this bear bearish engulfing bear sash candle arrived at nine o'clock now what price is done since then whenever I get a topping signal what that means folks it doesn't mean back up the truck and go short it means anticipate that the market is going to pull back it could just be a normal retracement in essence that's the question that John is asking is this morning's pullback just a normal retracement to support he's using the perigee pivot point as one level and in that instance we have to say yes if we take a look at the five hour time frame chart the first level of support or really there's a couple levels of support that are out here that that tie into each other the first would be the bottom of the five hour profile John that was at fourteen oh eight twenty when we take a look at profiles it's on a closing basis versus an intercession time period that level held and just below that was the most recent breakout of gold on a five hour time frame that began at twenty three hundred hours on June twenty third that low was fourteen oh three sixty and that is set up by that red dash line so I'll say that fourteen oh three sixty level is tying right into your perigee pivot point and if you were to get a close below both of those the signal to me would be to look at gold from the short side not the long side we're out of time but we're going to be right back and we'll further discuss gold with John we'll take a look at the thirty minute sixty minute time frame to get his answer what will he do if price of gold closes below perigee we'll be right back the Taz profile scanner is the most revolutionary piece of trading software that you will ever try wouldn't you like to approach the markets with confidence as you begin your trading day it's likely that 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have the A to B equal CD to the upside now we don't have the end of the week so I will show you the weekly chart out here if we did end up with a bearish reversal signal right now we've got a shooting star pattern but it's only Wednesday if we did then this would say the A to B equal CD to the upside has completed and anticipate a pullback the last thing that I'll throw out here for you how would we know if the move to the downside is over and there's more rally to come for me it would be a close above oh this is silver I meant to grab gold so let me grab the gold chart out here in gold in a price point is fourteen twenty seven ninety that happens to be the most recent TD set up nine count on a thirty minute basis to the downside that began at six thirty last evening so price for me would have to close above that the support line was the most recent TD set up nine count and that price point which price broke through last night was fourteen seventeen ninety which is acting old support right now is acting as resistance so those are all the numbers that I have the question I was asking you based on this information if you were to see price close below perigee how does that change your trading tactics if any well that's a bummer we can't get the answer to that question okay well those are the numbers for gold so here I'm just going to summarize it for you folks sorry about that that the TF and the line dropped it but that's fine out here John you're welcome to call back in no problem but these are the numbers so right now here in a thirty minute chart for gold what we see here is a series of lower lows and a series of lower highs but again for me on the short term the price of gold would have to close about fourteen twenty seven ninety in order to suggest that today's low and pullback to your perigee pivot point was nothing more than a test of support out there so I hope that helps you out with regard to that trade out there let me just check and see if there's any requests out here that have come in and if not we'll go right to the right to the general market no requests here so let's take a look at the general markets and try to get a feel for try to get a feel for for where we're at right now so what is it that Stevie is looking at the first thing that I'm paying attention to and you already know this yesterday's close was an interesting close for the New York Stock Exchange both conditions that I had shared with you last night that would indicate a change of trend were achieved and that was a combination of the advanced decline oscillator reading closing below zero the actual reading at the close yesterday was where is it minus twenty seven sixty seven right now we're at minus basically thirteen out here now with regard to the advanced decline oscillator this is what I have found that is most important quite frankly folks it's no different than everything you and I do in life which is if you're going to do something make sure you have foul through that's how I approach trading the bearish reversal signal that we or bullish reversal signal to confirm a top or a bottom must have foul through on the next session to really confirm what it is that you're seeing in the advanced decline oscillator that follow through is a continued close below zero if this were to close at one twenty two we'd say there's a problem in river city in other words expect a further pullback out here because we're still below minus zero come bind with combined with the spot volatility x closing above its fifty day exponential moving average yesterday the close was sixteen twenty the fifteen seventy five level was the fifty day exponential moving average right now it's fifteen seventy five that's still what the that's still what the fifty day exponential moving average is and we're trading at sixteen twenty so you've got both of those conditions okay so why isn't Stevie jumping on the short train just yet and the reason is because there's other levels of support that quite frankly we're so close to that need to be busted to be able to confirm that being on the short side of the trade is the correct side of the trade what do you mean by that stevo okay here's what i mean specifically first is we're taking a look at the advanced decline oscillator it's dealing with market breadth for the new york stock exchange now what i'm going to look at we're taking a look at the spotball till-dakes we're really referencing the s&p five hundred well voila i have and you could too i believe that today's last day to get an extraordinary deal on the attas market breadth profile type system out here and here's the market breadth for the daily chart for the s&p five hundred what you can see as one twenty three exactly as one twenty three in the afternoon is hundred thirty seven components for the s&p five hundred are trading above the top of their box in other words bullish and hundred thirty one only six less are trading below the bottom of their box in other words bearish out here when you get a crossover a crossover says okay possible change in trend what was last crossover that we received inside of the s&p five hundred the bullish case that was on june fourth now with this being so close to each other kissing cousins almost so to speak out here wouldn't you wait for the crossover to the downside as an additional confirmation stevie would and you should too and in fact the you should too is get over to the homepage at tfn.com and try the attas market profile system you high use it i can't imagine i cannot imagine trading without understanding where support or resistance is in order to be able to help you for whatever time frame it is that you trade identify where those hidden levels of support or resistance are and when they get broken to make it much easier to put the odds of the probability on your side that you're doing the right thing to me doing the right thing would be waiting to see if there's a crossover here what else is there there's one last component to this piece of the puzzle there could be two i'll give you the options out here the option said what did i do there almost close this thing out i just wanted to change my workspace out here so for those that don't pay attention to the equity futures contracts and if you don't pay attention you're trading the s&p 500 of the dow or the nasdaq or the russell 2000 and the question you should be asking yourself is why why aren't you following the instrument that's really giving you the best patterns out here look in the s&p 500 you would want to pay attention to steve's green line right now that's a twenty nine fifteen that's the oscillator and changeline the oscillator and changeline represents the price level that price would have the price sitting right on it it tells us the price oscillator is moving sideways if prices above that level and the price also by the way is a difference between two exponential moving averages nineteen and thirty nine and when it's above zero and prices rising above zero it's bullish and that's what we have that's where i've got my line chain color going from red to green green tells us the price oscillator so we don't have to go figure in the price also you can typically use your mac d tool you can just look at the mac d line in nineteen and thirty nine just make sure that it's not following the original mac d rules which would be simple moving averages do something simple what kind of results you're going to get exponentially if you do it it's a much better thing twenty nine fifteen is the number i'll give you the number for the e s many we get back to this break and we'll take all the questions that you write in a steve rhodes with tf and n will be right back 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 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 twelve 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 last twenty five hundred for the last twelve six and three 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 at what i do sign up for mastering probability today by clicking on the newsletter tab on the homepage of tf and n dot 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 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 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dot 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 tf and n dot com welcome back folks so back to the e s many the level in the e s many this way you can be paying the equity futures overnight and you'll be watching to see where prices trading inside the e s many the number that we're going to go with is twenty nine ten now steve's red line which has been tested today is twenty nine nineteen but at twenty nine ten we've got what I believe is the bottom of the daily task market profile and so a close below both of those combined with the spotball tilde x being above its fifty day the new york stock exchange advanced decline oscillator being below zero if we get that crossover on the s and p five hundred well that's about all that you can ask for as far as signals we can't control what happens next we can only control what we do with the information we have now but the information that we would have now then would say OK at least the s and p five hundred and the new york stock exchange want to continue to pull back so those would be the levels that I would be watching so let's go to a couple questions that we have out here the first one coming in from victor and the second question is what is your time connection well hey victor nice to nice to speak to you by email I was wondering what your take is on the smh's has been lagging for some time now is it finally in play and I'm I'm grateful that you're enjoying the show so let's go take a look at the smh's now Victor when you ask me to look at the smh's and here's your three timeframes out here the daily time frame shows us for the smh specifically that's the etf folks for the semiconductor etf what you're going to see is prices right up against resistance resistance is the top of that profile one oh eight eighty now price can close over one oh eight eighty by the way we're one oh eight eighty four is four pennies going to blow your skirt up or my skirt up the answer there is no so we need like a real close and I'd have to say it has to be a close above one oh nine twenty point from just a few days ago which is one oh nine twenty so let's just say if we get a close above one oh nine twenty then yeah it's in play in fact there could be an A to B equal CDT upside the B put of this trade takes you back to June 11 eight million shares today you're at five point two that would say yeah close above I close above this one oh nine twenty level would save got an upside now interestingly enough and when you're asking me to take a look at the ETF what I like to really do is go back to the underlying instrument and that's the SOX index what is the SOX index communicating to you and I so if we pull over the daily time frame chart what we're also going to see here is that prices right up against resistance it's a different resistance line so it's really nice about the SMH and then the semiconductor index because here I don't have the what I do have is we've got Stevie's other tools and indicators for example when the semiconductor index made its high it did it with wave number seven that's letter number G and it also did it with a TD set up nine count it was bar number eight now when the semis made their most recent low coincidence it made it with wave number seven letter G and a TD set up nine count being bar number eight how's that stuff work now that set up the bottom but like all bottoms you then have to understand where resistance is well that's very clear because we use that TD set up resistance line that's where price broke down that's the green solid line on my system that's from the trading day of May 17 or the high out there 1436 15 we're trading right now 1436 13 what so here's my answer to you Victor and I appreciate that you enjoy the show and maybe some of these strange or weird Wally as as John and the Tiger would say you know things that I throw out there but here's the deal you can't take a trade now if you're going to trade any trade you'd consider going short I'm not suggesting that you go short especially since we just took a look at the volume inside the SMH and we'll use that as to what's going on but price is really up against resistance as we speak you close above these levels again let me give you the level inside the semiconductor index well the level of Stevie's green line is priced at 1436 15 but we're really going to say you've got to close above 14 41 39 to be in play out there and then it's next level of resistance is from the high from a 6 out here at 15 45 34 so it may be in play but you're right up against resistance this would be the wrong time to put your money at risk and if it does close above that then what you're doing is you're going ahead and trading a breakaway a breakout trade that don't always work but but you'd at least have you'd at least know that certain levels of resistance have failed and you made a bottom earlier and price should continue to move higher so hope that helps you out with regard to the SMH's and what it is that they appear to be doing out there so thanks for writing in let's go to the next question that came in the next question comes from Michael P while you are talking about gold can you also identify resistance areas so Michael here's the deal on resistance I believe for Goldilocks it's really this chart here this chart which is a monthly time frame chart shows you and I just how extraordinarily important the price point of 1434 is now you may say it's not that important but I'm suggesting to you that it is very important out there we really had in essence three resistance levels on the way up 1361 1392 and 1434 a close above 1434 this week this month this quarter because everything ends on this Friday a close above that then would say Gold could run to 1798 10 which would be its next swing point and my forecast that Gold is going to 1798 and no what I'm really saying is gosh darn careful please you can't have me in one conversation respond to Victor and say the SMHs are up at resistance and now is the time to take that trade I didn't say that I said if anything you would look at shorting it because price is sitting right at resistance I suggested not doing that because of the volumetric inside the SMH but resistance is resistance you are asking about resistance and that is what the price of Gold is done it hit that resistance level what is more likely to happen is Gold is going to pull back and this pullback if you hang with this pullback you're going to hate Gold you're going to say darn it you know what you were thinking of saying I had it at the top at 1434 I've ridden it all the way down to 1205 that's a number out there possibly the 1200 ish level only to find and really hate it get the Sam heck out of dodge only to find out that that was really the buying time that's nothing more than the longer term trend line from 2015 and then tagging the bottom of August of 2018 out there am I saying that's what Gold is going to do I'm saying right now that the charts for Gold Michael they got topping signals they've got that TD setup nine count as long as price closes above 1396 90 and now thanks to John and the Tiger's Den we can use our perigee pivot point and some others to say you know what if Gold closes below that you really don't want to be long now that's my impression that's my signal that's what I would suggest out there John might have a different idea but I will share with you that there's a lot of stuff against significant resistance inside of Gold those are the numbers out here so just be careful not saying to exit your trade saying to use a stop not a mental stop because you know what happens with mental stops we go mental we say price just blew through it now what do I do maybe it'll bounce maybe it will maybe it won't don't leave it to chance out there we'll be right back $50,000 investment at a normal 4-year CD rate of 3.1% would give you income of $1550 per year or $6,200 over the 4-year period that same $50,000 investment in the TigerFresh mortgage program would give you $3,500 per year or $14,000 over the 4-years what should you prefer $6,200 or $14,000 of interest on your investment if you'd like more information about the TigerFresh mortgage program you can call me at 9190 that's 877-518-9190 it's 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 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&P biotech 3 times bull and bear ETFs visit directioninvestments.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 866-476-7523 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 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 for the latest market information welcome back out folks it's time in our segment to talk Bitcoin digital currency with Ralph in Arlington, Texas Ralph thanks for calling thanks for holding how are you today do we have Ralph I got nothing in my ear studio Ralph Arlington, Texas Bitcoin I guess he dropped okay well I don't know what the question was right now Bitcoin if we take a look at the futures contract trading out at 13405 I don't know what the question was so not really sure where to go with that so let's go to some other questions maybe Ralph will give us a call back and be happy to discuss a Bitcoin let's go to HD HD is thinking about going along the energy sector XLE so let's go take a look at the XLE let's take a look at its three different timeframes just to gauge where price is trading in relationship to its profiles out here so let me get rid of some of these retracement so we can see that right now price is trading into the top of its daily profile out here and so that level is 63.78 you'd really like to see price close over 63.78 to continue this upward momentum out here what else is going to impact what else is going to impact the XLE well certainly would be light sweet crude so let's peek in on light sweet crude it's trading out at 5944 it's up a buck 61 a buck 61 when we take a look at the current contract here price is trading above resistance resistance here let's pull this over so that you can see it and I'll change the retracement levels from green to yellow we just have too much green out here so we can make one easy change there there we go so as we take a look at when I say price is trading over resistance I'm referring to its weekly timeframe profile 5917 of course it's Wednesday not Friday so we don't know if price is going to close above this level come Friday but right now price is trading above that resistance level suggesting that price wants to get to 6033 the point 618 retracement level well the high so far today is 5993 that's really not that far away as it's 43 cents away but but things do look pretty good here so what would stop me from taking a trade in the XLE as we speak well if we look at the XLE specifically what price needs to do out here so close to resistance resistance is where this most recently broke down that takes us to May 22 out here that Stevie solid green line that represents the high of that TD setup nine count to the downside and that level is measured at 6428 so I cannot suggest taking a long trade in XLE being so close to resistance out here it just now if price were to pull back to 6190 Steve's red line well maybe that is one possibility at 6190 we're not anywhere near the top of it's a daily profile out here what else can Stevie go look at to take a look at inside of light sweet crude how about a 30 minute time frame chart out here well the 30 minute time frame chart Mr. Bill and I were taking a peek at this this morning and we suggested that hey caution caution will Robinson the reason we said caution will Robinson was because right here at 11 o'clock this morning we noticed here on the 30 minute base was at 10 30 this morning we noticed that the TD setup nine count on a 30 minute basis was in effect and that the bar following bar number nine was making a higher high and that could have been a short term top turns out Mr. Bill was right it was a short term top that's just simply how this pattern works look at bars 8 9 or 10 out there and make sure you understand the configuration the pattern so on and so forth but at this stage here at the 30 minute basis if you really have a hankering for taking that trade let price pull all the way back to 58 71 that's the that's the bottom of that that's the low of that TD setup nine count to the upside out there that would be a support level not pulling back to that area wouldn't be too shabby because of that wide ranging bar you have from 1700 hours back here on June the 25th out there so that's how I would take a look at XLE you're just too close right now to resistance to go ahead and take that trade as far as I can as far as I could see a price breaks the resistance well then what you're looking for is we would just simply look to the top of the weekly profile and that's 6580 see the the average true range for last 10 days is 98 cents we can't use 98 cents for a stop you've got to use some multiplication factor greater than that 1.272 or 1.618 or volatile the market the wider the stop all that using the wide stop means is you have fewer shares it doesn't change the trade the one thing you and I can control the only thing we can control is how much we risk on any one trader investment out there if you use the 1% rule this rule folks was is something that I was tasked to develop back in 1979 1979 1979 80 and it was using it wasn't even busy calc what was the first calc out there might have been busy calc actually I first had to do it on a spreadsheet and then we got some some Apple PCs we got an IBM PC in the office and I was tasked with with doing this so I was able to identify what's the best way to to to take a look at risk in trading markets out there and that's where the 1% rule was developed all the 1% rule does just go back and mathematically do this yourself go back and mathematically do this yourself take whatever size portfolio you want doesn't matter whether it's $100 $10,000 a million $1% of that value that is what you're risking assume that you lose on that trade then take 1% of what's left over and then assume you lose on that trade and 1% of what's left over assume you lose you have to I don't remember the number off the top of my head it's something like you need 300 it's not exactly 300 don't write into me do the work yourself it's something like 300 it's not like I'm saying it's 350 and it's like 300 I mean it's like 300 or 368 268 trade you would have to have in a row to burn through all your capital now no one is going to do that this is trading and investing is about protecting capital now what I mean by 1% let's just say you got a portfolio of 100 grand 1% is what you're going to start to determine or begin to determine how many shares you're going to buy how many shares are you going to buy you're going to figure out what your stop is your stop has got to be at least the average through range the average through range is just the average moving over 10 days that's normal breathing for the XLE in this case here 98 cents we'll call it a buck so really the stop would have to be a buck 68 I'm saying so you take the thousand dollars divided by a buck 68 that is how many shares you would purchase this is what you brought to me this was pointed out to me by my favorite polar bear he said oh well hold your horses stevo I like the thought process here but if this is an individual stock and you use your you use your position sizing and then your total capital out late I get the risk part but if your total capital out late is more than 10% on one stock do you really want to do that and I said you know David you're one smart guy and the answer there is no so then you'd even buy fewer shares not a gesture stop maybe your risk is only a half a percent position sizing folks there is nothing more important to protecting your capital learn about it we'll be right back in 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 in 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 advises his subscribers of his expert market opinion 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 it anytime 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 it's amazing to think that Tom O'Brien started his weekly gold report 17 years ago with the first issue published April 7th 2002 when gold was trading at under $300 per ounce. Gold peaked at more than $1,900 in 2011 and after spending many years consolidating at lower prices gold may be poised for its next big run Tom O'Brien publishes his weekly gold report every Monday morning for subscribers consisting of coverage of the XAU HUI, GDX, The Dollar Bonds, South African Rand as well as 25 different mining equities with specific buy sell recommendations as of April 1st of this year the gold report currently has 8 active positions with an average unrealized profit of almost 8% for each open trade new subscribers get a 30 day money back guarantee so you have nothing to risk for all the details and to start your gold report subscription today visit the front page of TFNN.com don't let gold's next big run pass you by sign up today you know what's cool taking something that's good for you something specifically formulated to help with weight loss better sleep, stress reduction and the need to detox Nicar hunter and gatherer ancestors found all their nutritional requirements for health in their wild environment but today our food sources no longer contain the vitamins minerals and nutrients our bodies need to stay healthy and strong that's why we need primal edge daily nutrition it includes a special blend of ionics oil based vitamins, minerals, baddie and amino acids in an easy to use liquid form primal edge is powered by highly concentrated folic and humic acids nature's preferred delivery system they have been called miracle molecules because like sunlight air and water life cannot exist without them that's right Paige they ensure we receive all the nutrition we need to be healthy and thrive we take it every morning primal edge formulated and approved by Niko and Paige of living a primal lifestyle buy it today for just $89 click on the primal edge banner on the front page of TFNN.com this is David White stay tuned because coming up next is the power trading hour welcome back folks so next question coming in from Tim Tim wants to take a look at Incana Corp, ECA is a ticker symbol Tim is looking for a get entry price well Tim if you're looking to get into Incana now is the time ECA is a ticker symbol the reason that we say that is the way that markets make bottoms or at least the way that markets make bottoms that are worth taking a risk on is certainly the roads momentum indicator symbol signal and that took place here on June the 18th when prices move lower doing less relative energy and you had a piercing candle now the benefit here is that you did have follow through on the next session remember we talked about earlier the importance of follow through on a bullish reversal signal we got that the next day and you also got a close above Stevie's red line so you're trading at 508 as we speak right now price may be targeting all the way up here this set up nine count resistance level that area is priced at 680