 Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com is a presentation of TFNN. Trade what you see with Larry Pezzavento. Call now toll free at 1-877-927-6648 or internationally. At 727-873-7618. Now Larry Pezzavento. OK, looking good. Billy Ray feeling good, Lewis. Well, there's no Palo Verdes in the air today. They're out there blooming, but I'm feeling pretty good. I took some of this stuff that someone tried to take. Astro Pro nasal spray took one little square to that. And for the last 24 hours, I have been relatively free. So thank you very much for the medical experience. And I have my attorney looking in to see what your medical background is. In case I have a legal obligation to sue you. That's a joke. Hey, folks, I posted a chart here of top gunman himself, Jim Bartley. Only he'll be our guest next week. He's got some really great stuff. If you remember about three weeks ago, maybe about a month ago, he came on with his prediction that the banking stocks at the. NASDAQ, KRE were in big trouble. It looks like they was going to go down. It was a 3A2 exactly with an ABCD pattern there on the weekly. And the index dropped, you know, a considerable amount. Some of them are no longer on that index because they went bankrupt. But he will be our guest again coming up next week. This afternoon at 1 30 in a half an hour, we're going to have Paula Web Douglas has got a little special that she has. And then for for traders that are losing or just breaking even. And then also she's going to have something at 2 30 offering the same thing. But let's get to the heart of the matter, folks. And that is Fibonacci. Here's where we were. I just wanted to show you the other day. I know you're not going to believe this stuff. And if you don't believe in Fibonacci, folks, I I sympathize with you actually because I think it's a good thing. Maybe it works. Maybe it doesn't. But there was the number right there. Thirty three thousand eight hundred and forty eight. That was the sixty one percent retracement. And last night it backed off to exactly the point three eight two retracement right before the report came on. And from that it went all the way up and made a new high by eight pips and now has collapsed down and has gone back below the three eight two dropped over four hundred points to the downside. So something really big happened at that point. Now, what I'd like for you to look at is I'm going to update this so that you can see it how accurate it actually is. Hold on one second here. Now I have to worry about a frog in my throat besides the Palo Verdes. Anyway, you'll see here that this is right up to this level here. We had it hit it exactly and now we're we're we're way down below here now. But what was interesting, folks, and I think I made a copy of it while it was going on, because I like to show these in real time. Right after this big four hundred point drop, guess what? It rallied exactly to the three eight two and thirty three thousand five seventy eight and now it's about one hundred and fifty pips below that. So I'm trying to what I try to do, I guess, and repetition is the mother knowledge and if I can prove to you that some of these things work, then by golly, that that's what my job is and that's what I try to do. And so that's what I'm going to be looking at as we look at some of these things here today, because we've had some really, really big things happen. Now it was a little bit different in the E-mini S and P. Let's just show you where we are here with the E-mini S and P. That was the Dow E-mini, of course. Now we're going to look at the E-mini S and P. And as we look at this now, you see these each day. So they're not mystery. You can see the A, B, C, D that we made here. We went right up to the 61 percent retracement. We went right here to the three eight two retracement right there. We went four points below it. The number was forty one twenty four. We went to forty one twenty and for there from there, we went straight up. Forty handles stopping exactly at forty one seventy three. That was a seventy eight percent of that high right back here. And now we're coming down going below. This is a major, major thing happening here, folks, today. That is good news and bad action. And if you've ever read reminiscences of the stock operator, then that's something that you really should pay attention to. OK, because that book gets behind the ideas of Jesse Livermore. And of course, he was a great speculator. He did not die bankrupt. He died. He committed suicide because he was in love with a 19 year old dancer from Louisiana that was in the Follies. And she was in love with somebody else. And my old beeper is breaking right now. There's the S&P making new lows. That's not a good sign, unless you're short. Hold on just a second here. I want to turn this off and we'll see what's going on. And we will go from there and not to worry. But there's so many Fibonacci stuff going on today, folks. Mr. Fibonacci, Leonardo de Pisa, the Fibonacci should be here today. You know, just talking about these things. But anyway, let me get the S&P up here and it's breaking. That was the beeper telling me that we're going back below the new 382, which is now we're not breaking below this level right now. But we had a beautiful 382 retracement after the move broke. We had just like in the S&P just did the same thing as the Dow. Really nice 382 retracement. And now we're breaking down, breaking down below it. So that's what I wanted to talk about. There's a couple of historical things that are important. Let's do the one in the gold market, because here again, we were doing the exact same thing in the gold market. If you want copies of these folks, if you'll let me know, I will send them out as long as you send in a big $150 donation per chart. And now I'm just joking. But if you do want the charts, I'll be happy to show you. But here's what we did here. There was the 382. We had shorted it right here. It went right down to our price level within $1. And then boom, we went right up and we stopped exactly at the 61. And this is really important, folks, because I had several people ask me a question. What I did was I picked the 78% level of this level right here to come in right there. But it's also 61% of this high right here. There was a double number there that I missed. Why I just picked this one, I don't know, but I should have picked this one. I want to thank W.R. over there in New York City to bring this to my attention because you have to take the highest high here and I didn't do that. It worked OK because it made the 78% level of that one, but it also made the 61%. And folks, it wasn't there on the blink of an eye like Starship Enterprise just went over it was gone. And it's now breaking down at 429. It's dropped well over $30 from that level. And we're taking out the 3A2. This is a major, major thing that's going on in all these markets today. And that's why it's so important. And we need to pay attention to it because guess what? We have to pay a few bills, 877, 927, 664, 8. Currencies, commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe, which is why it's a great time to try out Teddy Kegstad's Tiger Forex report. Teddy Kegstad breaks down the forex markets every Monday using his 30 plus years of experience as a trading veteran of futures, forex, stocks and options. Teddy releases his weekly Tiger Forex report every Monday morning with coverage of all the major currency pairs, including the dollar index, the euro dollar, pound dollar, dollar Swiss, dollar yen, as well as many more. And he also has weekly coverage of the crude oil market and the 30 year T bonds as they both influence forex markets tremendously. When you sign up for the Tiger Forex report, you also gain instant access to Teddy's 60 minute webinar archive. He just hosted forex strategies and fundamentals. What is behind the Tiger Forex report? For all the details and to start your 30 day Tiger Forex report subscription today, visit the front page of TFNN.com. TFNN Educating Investors. 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 it 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.com and try Mastering Probability 30 days risk free today. TFNN Educating Investors. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years. A frequent contributor to TD Ameritrade Network and CNBC, Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. Tom's daily market newsletter, Market Insights, is published every morning when the market's open. To give you the competitive informational edge you need to succeed, these newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio. Get Tom O'Brien's newsletter, Market Insights, today and try all of our products and newsletters 30 days risk free with our money back guarantee at TFNN.com. TFNN Educating Investors. Free at 1-877-927-6648, internationally at 727-873-7618. Okay, folks, I'm going to go through a little talk here about historical stuff. I put a chart up here of the Treasury bonds over the last 10 years. You can see the big green triangles there. That's basically a three drive to a top pattern. You can see the ABCD pattern up here at the 190 level that it was hitting. This is when they were telling us about negative interest rates, how wonderful it was. You can see the ABCD to the downside and now we're in the midst of this 382 rally that's been going on that should end up around the 138 level. But let's go through just a little bit of the history of this stuff. They keep saying that the Treasury bonds, the faith of the U.S. government has never been changed before and that is not true. On August the 15th of 1971, Richard M. Nixon, President of the United States, took us off the U.S. dollar standard. In other words, he said the U.S. dollars would no longer be redeemed in dollars. It said if you have one of the old bills, which I have some of them, it says pay to the bear in demand, one ounce of gold, one ounce of silver, whatever it happens to be and that was full faith in government ever since that time and since 1971, that has not been the case. And the reasoning behind it is they were trying to kill inflation. Folks, if you ever believe anything that some of the governments tell you to never believe anything that was as silly as that, basically that brought on inflation. We were doing really good in 1970 until what happened was they took us off the gold standard and that made them to be able to print as many dollars as they wanted because they didn't have to be redeemed for anything. It's a fiat currency, just like all the other currency, these are. One year later was the beginning of the forex markets in the starting in London, that's where the home of the forex is. This was the careers of the main guys from the Commodity Corporation, Bruce Covener, billionaire, Ed Segota, hundreds of million, Rick Barnes, hundreds of millions, Mike Marcus. He was the one that ran silver from four dollars up to fifty four dollars. And those guys made an absolute fortune. But that was the start of the foreign exchange markets because they realized there was a foreign, the foreign. And what happened was it was what's going on here? Something's wrong. Oh, I can't do that right now. Oh, God, let's get this out of the way and we'll be OK. Sorry, that was I would get my train of thought again, folks. That was sorry. But it was a start of the foreign exchange markets. And it was basically what it was, is ours being the cleanest, dirty shirt. And that's how this whole thing started. It's been a huge business for many years. Oh, dear, I can't. I folks, I have to take this. I'm sorry, this is the caretaker for my friend, Steve. Well, that was good news. He's coming out of his coma, which is good news, but he's still not doing too well. Let me get back to this. OK, and let me try to get my thoughts together. This was the start of the foreign exchange markets. Now, in nineteen seventy two at the same time, Nixon took us off of seventy one. He took us off the gold standard. But in seventy two, they allowed people to buy gold before they were not able to buy gold from nineteen thirty five till nineteen seventy two gold at that time, even though it was seven thirty five dollars an ounce officially, it was trading for about one hundred and twenty one hundred and thirty. Well, that was in seventy two. And it was brought on to the Chicago Mercantile Exchange. That's not true, Larry. It was brought on at the knife of Chicago. New York Metals Exchange started it. And then about two years after that, seventy four, the CME came in and did it. And then they trading together. Well, the CME is the big one now. But then the London Metal Exchange, they had a London fix. And the fix was an absolute joke also. But anyway, that's how now that all this stuff started. And you know, and so we've been in a fiat currency for years, but they've never defaulted on a treasury bond because if you had a hundred thousand dollar bond, it was worth a hundred thousand dollars. But if you had held that bond, let's say you bought that bond in seventy two and they didn't start trading until seventy two. And no, seventy six is when the bond started trading. Nineteen seventy six, because that's right. When I started working at Drexel, they started trading bonds. And the bonds were trading at about sixty. They were trading at under forty percent under the face value. So if you bought a hundred thousand dollar bond for forty thousand dollars, you would be able to get that money when it would mature. You'd get it at a hundred thousand dollars. The problem was inflation was at thirteen or fourteen percent. So it deflated it quite a bit. But anyway, it became a very large market and the top was made here two years ago with that one seventy level. When they tried to tell us that it was all about negative interest rates. And folks, that's that's why I'm a chartist. You know, I can look at these things all day long and say, holy cow, what am I doing right? What am I doing wrong? And that's the main thing that that I'm that I'm really worried about, you know, that whether these things can do it. Frankly, folks, if you want to know, I am in a state of shock because Steve is out of his coma and that's what that call was about. And I'm very, very happy to see that's all chat with him a little bit later. But it literally shook me up. He's been such a good friend and he's had such a great life. And I it's been tough. But guys, I've lost so many friends over the past five or six years that it's a little shaking me as we go through. Now, I wanted to talk to you. We talked about the gold on what it did. And then next one, we're going to be looking. I've got so much today, I could probably talk for three hours, but I'm only going to talk for two. This happens to be the silver market. And by the way, if you do have any phone calls, Al tells me right now that the thing is all lit up. You just can't get anything into the sequence right now. So what we're watching now is a Al said a line just opened up, but you'll notice here the silver went up to the sixty, seventy eight percent level. You saw it hit it exactly like gold. It stayed there for a heartbeat and now has broken down badly. So this is a this was a major A, B, C, D here in the silver exactly at the seventy eight percent level at six twenty. And we've been talking about that six twenty level for for quite a while. So these are some of the things that are happening in the Fibonacci family today. And that's why I think that they're so very, very exciting. But the fun part will be Paula, he's going to be coming up here a little bit, talking a little bit about the psychology of this. And then we're going to be back with you after we after we take a break. So I hope that when we get back that you'll have some questions for us and we'll have some others. I got some other charts that look really nice. One in particular is that it is not working. Almost all of them are working with the exception of the one the one for natural gas will be right back. 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 equities 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 seven newsletter at TFNN.com. When you subscribe, you'll get a weekly report from veteran day trader Larry Pezzavento 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 seven 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 4.00 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. 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. Okay, folks, we're back and we had a lot of requests to have Paula back on this week. And she has got something special for you folks. So Paula, I think you and I were chatting yesterday about trying to help people that were still losing all the time or just barely breaking even. Is there anything you can do for them? Sure. Let's do this exercise this morning. For all of you out there listening, get out your wallets and take out some money. Hash, okay, not your debit card and put it in front of you. Okay. Okay, so now you're looking at this money. Touch it. Feel it. Look at it. See how pretty the dollar bills are created. You know, here's the 20, okay? Look at it. You know, they're really good designers for the money. All right. But so you have to ask yourself how much what is the denomination that you took out of your wallet? Well, largest one I had, which was a dollar. Okay. All right, so I'm gonna I'm gonna give you a good story here. At any given moment, when we were hanging around with Robert St. John, the legendary T bond trader, as you know, Rob Larry, at any given moment, he had $8 to $10,000 in cash in his wallet. Yep. This is no lie. And you know why he carried that money to remind himself to stay connected to the very money he wanted to grow as a trader. So if if you don't connect to your cash, and I'm not saying you have to carry eight to 10,000 in your wallet like Robert St. John did, but if you're not connected to the money that's in your trading account, meaning you're paying attention to it, you know, you're not ignoring your losses by not looking at your statements, anything like that, then then, you know, you can't grow your money if you don't know your money. Okay, that's that's my new edge phrase. All right, you can't grow your money if you don't know your money. And if you don't know your money by keeping track of it all, and being honest about your results, then you're going to keep losing. Yeah, this is that guys, it's just it's it's just common sense, right? It's just money management. All right. And if you don't have any money management principles, then give me a call for the free chat, and I will walk you through it. All right. A lot a lot of people don't have money management. Yeah. So, you know, Paula, do you remember the experiment that Mark did with on Michigan Avenue free money today? Remember, he's standing there and he literally had free money to give away and people would say no, I don't need any. They really didn't believe that they could get free money today. I mean, I couldn't believe it. I stood there with him for an hour. He couldn't give it away. Not not even well, they didn't have hobos back in those days or excuse me, homeless. But it was really amazing. I used to keep because of that experience. I used to keep $1,000 bill on my desk to remind myself the value of money. And of course, I gave that $1,000 bill to the kids but that now has a value. Oh, no. She sent it back as you had a crease in it. You didn't like it. But it has a face value of $1,000. But the problem is that it's worth about $3,500. We got him right from the buyer and I got him right from the Federal Reserve there in in Chicago back, you know, God, that was in 83, I think. Anyway, listen, I'm going to have you on again. And we'll talk more about this. But that the fact is if you if you don't realize that you're keeping score with money and you're supposed to do the right thing, the money's going to be right there in front of you. And you don't ever have to worry about it again. And that's that's the real important thing. So I think it's real important. So have the folks try that for a little bit. Call Paula if you have any give me a new phone number pt because I know you've got just got a new number. And that might help you to get some people to call in 760-636-4290. That's the office number. That's a website right here, polytweb.com. And contact me that way too. I'm here seven days a week for all of you. Yeah, well, this is what our week is. It's always seven days. It's never been never been nine. If there were nine days, we'd do nine days, but we only get to do seven right. Yeah, because we love what we do. Yeah, that's that's that. Amen to that. That's for sure. Listen, thanks for joining us. And we'll have you on here at the next section at the same time right around 230 New York time. Okay. Okay, see you soon. Okay, you bet. All right. Paula T Douglas folks. And that is that's absolutely true story about that given money away free money because it's amazing because when you have your machine and you're watching it, the dollars going up and down, you're starting to that, but all that money does is it floats in front of you. You don't want to do it. I heard Mark give this lecture to so many of these guys that were, you know, they want to buy a new Ferrari, and they would be thinking about the Ferrari. And Mark would say, look, you see this billboard right here, it's got the Ferrari on it. He said push that billboard back and in front of it, put your trade up. Because if you do the trade, the Ferrari is right behind it waiting. But if you've got the Ferrari in front of it, you're thinking of the money. And that ain't going to work. Because when you've got good news or bad news, and these things go up or down, they can fake you out of a trade or, you know, get your mindset. You know, the C price is going down. They keep dropping and dropping and you know, you're long and you're saying, Oh, what am I going to do pretty soon? It's good by car, good by house, good by boat, good by savings account, and then good by wife, and then it's all over and then you get to start over again. So this the only thing that's different between us and gambling here is we get decide when we get in and when we get out in gambling, you do not have that decision. Soon as that event starts, you have no control over it. But then trading, you can make a mistake, get out of dodge and start and do it again. And that's really all you have to do as you're starting to do this. I want to try to spend more time each day talking a little bit about the stuff that Mark taught me while we were together here for six years. I keep I keep my hand written notes. And this is the Bible of all the stuff that was in the class that he used to give. And it's always amazing. And of course, the secret to everything is you have to have a foundation and trust of what you believe it doesn't make any difference, whether it's a moving average or a Tom DeMark nine count stochastic. If you can get it to work for you, then it works for you. And that's what counts. I'm an ABCD person, tossing in a little sprinkle of head of, you know, a little bit of Fibonacci, a little bit of a simple time counts and stuff like that. Nothing more than add subtract, multiply and divide. And that gets me to the home. It gets me to the home, the homeland. And that's that's what I'm trying to do. We've had a pretty good day today. And you know, that's they're not always that way. Sometimes you have good days. Sometimes you have bad days. But what you want to do is to keep your, you know, game plan working in the right direction. And then you should be should used to be just fine. I think at least I'm hoping that's the way it is. That's the way it's been working for a long time. I don't think it'll be any different. So if you have any questions, it's 877-927-6640. Remember, folks, our guest on Friday will be more more analytics. And he's always got some really good stuff on the crude oil and we'll cover crude oil here on the second part of this after we come up to our next break. But we want to be that was a really great description of what Mark used to talk about with money because it really is important. Don't look at money when you're trading folks. Okay, we're going to take a break. 877-927-6648. Billy Ray Valentine. Capricorn. 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 in stock prices. Get the opening call newsletter by Basil 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. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years. A frequent contributor to TD Ameritrade Network and CNBC. Tom O'Brien founded tfnn over 20 years ago to help educate investors just like you. Tom's Daily Market Newsletter, Market Insights, is published every morning when the market's open. To give you the competitive informational edge you need to succeed. These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio. Get Tom O'Brien's newsletter Market Insights today and try all of our products and newsletters 30 days risk free with our money back guarantee at tfnn.com. 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 L-A-B-U or L-A-B-D directions daily S-M-P Biotech three 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 shares carefully before investing. The prospectus and summary prospectus contain this and other information about direction shares. To obtain a prospectus or summary prospectus please contact direction shares 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. This program is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. Folks, I'm going to go through a series of three, eight, two retracements today. I've already been through the one on the Dow Jones and the S&P. Now I'm going to do the one this happens to be for this happens to be soybeans. We went right up to this it's backed off about $500. The other one that we I'm going to go through a bunch of them because they excuse me folks that wasn't soybeans that was the that was that was the Treasury bond. I'll do the soybeans, I'll do the soybeans next because it did why they do the same three eight twos I don't know but all I know is these darn things work and that's why it's so exciting and then you'll be looking at that. There's what you'll be looking at right here. There was your three eight two retracement right here was also 61% of that. You had the three eight two right here. You had the beautiful ABCD pattern to the downside. So it's just a matter of trying to identify some of these patterns and making sure that they line up the way that you think they should be lined up. Okay, that's a main thing. I've already covered the one on the E-mini S&P. I did the gold and I did the Dow Jones and I want to do the Euro. Okay now here is the one in the Euro. This one's a little bit tricky and the reason why is we've been short this for quite some time and what we were looking for was to see the bottom. As you can see here we're waiting for this bottom to form. There was your three eight two last night and then right before the report which came down and took out this low by one tick and we said look for the rally to come up here to get short again. I tried to get filled there. I didn't. I got filled around here and then I put it back out in here somewhere because it's still in a downtrend but it was moving so fast and I'm doing so darn many things. I just couldn't get it done right but you can see it's a pretty nice ABCD. It misses the target by about 10 pips and that's like that happens. There's nothing else you can do about that. So one that I think is very important but here's one that just didn't work and I want to go through the sequence for you okay. First we'll do one right here and that will be the natural gas and it was quite easy to see that it was not going to work because you didn't have to risk very much and if you put this up here and take a look at it there's your ABCD to the downside. This is where we were looking to get along. We thought it was going to get up here. We bought it Sunday night. We had our price objective up here buying the 382 retracement. This one was not a 382 because it made a higher high. You see if you did a 382 off of this one it didn't make it but if you do the 382 off of this one right here it made it today at 219 but it went $2 below it so $2 is all we wanted to risk and so we took a took a loss on that. I don't even know what it did after that because once I could complete a trade it's history mystery it's gone I don't want to have anything to do with it. So that's the main thing I try to get that stuff and folks I don't I do not have the function on my computer to tell me you know what the equity is on the on the whether I'm making or losing or anything. I don't I had them take that off so that it's not a I don't have to worry about the money I just worry about the price of the thing because that that thing with the money that's not a good thing folks. I mean it's really it really does and that's one of the things that made Tom Hougard the great trader that he is he had to he had to reprogram himself when he would see him making 30 or 40 grand and so boy that's a lot of money I better take it and then pretty soon he'd be up 80 grand. Soon as he figured out that was the wrong thing to do he became the great trader and that's it and by the way I've been just signed a contract today and I'm going to be doing live trading with Tom in Las Vegas, Nevada in November and for a couple days and I think we're going to have a we've got some nice he's already got some nice folks signed up and we haven't got the date exactly signed up is to two hotels that we've got the book there we're just waiting for the final offer and but it's going to be a done deal and we're going to have some fun doing that for two full days and that'll be 10 hours each day a lot of fun and he said you sure you can do it at your age and I said bubba I met him in Las Vegas in 2003 so it's been 20 years and I met him tell tell the story because it was fun he was there to see to see Bryce Gilmore Tom had been running a city indexes CNBC show on CNBC every day for Mike Spencer and he gave his ideas of what the market was doing he's very personable and he did a great job and when he left Mike Spencer gave him 18 months of full pay and that was that's got him started in his full-time trading career and he was able to do it but he was there to see Bryce Gilmore of two days of trading and of course we got there and the problem was Bryce went out with his friends from Los Angeles that for from Australia and they got they got in about four o'clock in the morning and we were supposed to start at five well he didn't quite make it until one o'clock and so Mark Mark and I were there and of course Robert St. John was there Rich Anderson was there and Mark said go on take over he says you know what you're doing he said we'll have some fun and so we just start trading and I start doing stuff just like I'm doing now nothing any different and we had about 50 people in the room and it had a great time three three really terrific days and the other two days of course Bryce was there and stuff but I did the first day and it was one of those days were almost like the day we had everything set up and it worked you know that doesn't always happen but that's what happened and Tom liked it so much he said I'm going back to Tucson with you and I said well I'll have to ask Mark I said because we drove over together and Mark said sure so he came over and spent a week and I actually stayed at the house one of the few people that's ever done that but at that time he was short bucks anyway it was fun and that's how I got the meeting now he does he's got a lot of followers in his book is the best loser wins as a huge huge best seller for his group over there in London and let's move on here I had one other one and this is one that we remember we talked about that hog trade that we missed we didn't quite get filled and so what I said was we're going to take a look at this and buy the first three eight and this is hogs I mean this is not for extra stuff but there it was you see there was this morning you went right down to that level right here and then you had a really nice move of a penny that's four hundred dollar moving hogs but now you see it's coming down now the way you handle this is you put your stop at break even so you're in a risk free trade I don't know I don't know what's happened I don't think I've been stopped out because I haven't seen the I haven't seen the flies come up so evidently it's held right there but they went right to that level and if you looked at it really closely what are you looking at you got a right here you got b right here you got c right here and you got d right up here at the one point two seven and if you wanted to be real creative if you counted the number of bars in the ab leg and then count the number of bars in the cd leg you have time and price coming together at the same time so this is what the risk control is all about if you have your stop setting in there you're not going to get hurt and that's what the patterns are for there to tell you that you either right or wrong because when they fail don't try to second guess them say oh maybe I should do this or maybe I should do that if it fails get out of dodge get on a different pony or rural whatever you're writing and do something else that's that's pretty much what you want to be doing that's my two cents worth and I'm sticking with it 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 technicals 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 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Tiger's Den available to all tigers and tigers for just $1 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 i don't know if i'm on with tfnn or not i'm not sure okay broadsword to danny boy broadsword to danny boy come in danny boy can you see me can you see me ah boy okay sorry folks i'm just uh this is a such a good day i my friend uh siv has come out of his coma and i'm just uh i'm just ecstatic about it anyway let's just move on here and cover a few things uh i haven't looked at the markets and i would just want to let's just see where see if we're getting still getting whacked the uh let me see yeah we're down near the lows of the day down 300 into dowel well not down it was down 350 so it's uh headed down a little bit so a little bit here a little bit there so that seems to be all right and what else we got i think that's pretty much pretty much it the gold is uh come back about ten dollars off of its bottom but it's uh pretty much uh you know holding its own here uh so let's keep a close eye on that soy beans have sold off to be near the lows uh what else the gold is sold off of course the treasury bonds still sold off even after it hit the 382 and so we're having some pretty good information coming through here uh to make us think that we are getting pretty close to some of these uh spots that they're going to be very very important coming forward but the fact that we hit all of those numbers seven eight six in the s and p 50 percent 60 percent 61 percent in the dowel jones and 38 percent in the uh nasdaq and also didn't even come close to 38 percent in the russell tells us that we're still uh going ahead the last one we'll be right back seven seven nine 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