 Sign up today and become a part of this educational community of traders, just visit the front page of TFNN.com. The following 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. Okay folks looking good Billy Ray Peely good Lewis well we've got the Fed coming out here in less than an hour so that'll be exciting. Imagine what bonds will be on both sides of those big wide numbers that we're looking at. I wanted to point out the chart of Microsoft here today folks as you can see here it's down about 7% already from the high that it made just a few days ago. Today's high if you'll notice a little red X there that says 3-8-2 on there now you're going to tell me there's not a chart there I'll bet you. What are you going to say son of a gun ain't that the truth. Well we're going to find out what the trouble is here so bear with me for just a second here and we'll get softies charted up here and hopefully we'll be able to see it without any trouble here. Okay here's what we're going to be looking at there we go we'll get it up right here. Okay I think we're going to be seeing it okay and I got the static fixed you see there's the big ABCD that we had up here at the high. Remember I don't know diddly squat about earnings don't really care and I don't intend to but I wanted to see today's high was a 3-8-2 of the high that we made back here and of course you can see we're trading down quite a bit from that level. Just for kicks and giggles today folks since we're going to be having this day trading class coming up on August 2nd. I wanted to bring up one of the charts that we're going to be looking at today from the little file of things that I'm looking at and this will tell you how we're trying to find some of these things. This happens to be the E-mini S&P as it was about an hour or so ago we were making you can see the nice redrive to a bottom pattern that we had and then we came right up to this level right here. We have since come down and match this level we haven't gone below it yet but that's what's happened so far. Now if you had been able to sell that all you would have to do now is to put your stop at break even and you've got a you know risk free trade if there is such a thing going into Fed time. Now I don't know if there is or not but what that's what can usually happen. Now I wanted I talked a little bit yesterday about these flashcards that we're going to be giving to the folks that joined I saved these for my students but this was done by a good friend BV down there in Texas. But I wanted you to see these are these are priceless folks their color flash coded and color cards that are color coded. They're red and green basically it hopefully I'll hopefully I'll be able to see oh it didn't come up just a second doc on it. I think it's the way I put these things in but let's just double check here hold on just a minute there they are they come right up after all so see if they'll pop up there now. There they are that's what they look at there's six buys and six sells and then of course there's a 382 which is one easy to want to look at. But I want you to look at these folks those of you that have been around you know ABCDs you can see the ABCD sell signal the ABCD buy signal. What we do in the video for the 24 7 folks each day we look at patterns that we think have a very good chance of completing and today. If you'll notice here we'll get up here you'll be able to see that this is a beautiful pattern here hold on one second. This was a hold on shut the front door and raise the rent having a little difficulty there you can see the perfect ABCD to the downside. The market has since rallied about six hundred dollars in our favor but we also had a nice little ABCD pattern right here last night. And that one ended up being up more than a thousand dollars so between the two of them it's up about thirteen hundred dollars just on a crude December bean oil contract. So all we're doing is ABCDs now one other one that we had yesterday and I'm trying to show you that I don't make these darn things up because this is what happens. Remember we were short cattle and we were going to reverse and go along down there at that seventy nine thirty five level and we'll get this up here so you can see it. These are the kind of trades that we'll be looking at when we do our thing on August the second all right and that's what we're watching right in here for rally up into this area. Now your stop is a break even so you're in a risk free situation. That's the first thing that you want to do is when if you make it like a three hundred dollar profit and something you've got to protect yourself because now that's three hundred dollars of your own money. That's what people fail to realize once you see that stuff clicking on the side of your thing there that is real money. And the problem is that you get attached to that number is going up and down and believe me folks that is not a very good thing to do. I remember the days that Mark and I spent here for let me see seventy six to go for about six years. We were looking at these markets each day. We didn't have all these things with equity runs showing you to the second where you were at that time. You didn't know that until the end of the day which was a real advantage. OK. Because if you're watching what the money is then that's not what you want to be watching. You want to be watching what's really happening with your risk that you have on that. That's what the whole thing is about. It's not how much money you're making. Oh yeah that looks really great but you get you get wrapped up in this stuff and it'll really screw you up. And believe me I've been that way before. Not recently but in the past. And I have bad days folks. You know give me a break. You know I have bad days just like everybody else. But what I'm trying to tell you is that if you plan your trades and not over trade you've got a really good chance of beating these markets. You really do. Now this isn't a this isn't a wealth management class or anything like that. I view this as a way of making a living. Each day when I come in I have I have today I had cattle to buy and I had what else I had soybean oil to sell. I had crude oil to buy. I had several things that were lined up that said yes if I buy these I've got a better than 60 percent chance of being right. And that's what those trading cards about because the trading cards is based on basically what the you know the floor traders handbook is which proves after doing 30,000 of these ABCD patterns. Yeah they do work but they don't work all the time. They work about 62 percent of the time. But when they do work they're going to pay you two times at least what you're going. It's actually 1.8 of what time your the amount of money that you put in. So that's that's why it's so very important that I look at these things from this this point of view. Now I look at these on a longer time frame. Those require that you have to take a longer risk a larger risk. And that's what we're going to be doing on August 2nd. We're going to be going down to 15 minute 8 minute and 4 minutes finding these patterns because they are tradeable especially in things like gold crude oil the S&P treasury bonds. And there's one other one in there. Natural gas is another one. But those are these things that you could just look at these overall each every day. You're looking at some really really nice patterns that will line up that that will give you a profitability. Now if you don't have time to send in front of the machine and then you've got to go to the wider the longer time frame. And I understand that that's part of the things that when we're looking at these markets of you know what we're trying to do is to find the time frame that you're going to be trading in and match the pattern to it. Because the patterns are the same whether it's yearly monthly weekly daily 2 4 hour 2 hour 1 hour 15 minute 5 minute 2 minute. I never go less than 2 minute. But if you went out to a tick chart you could see him doing the same thing as it comes right out of what Andrew Lowe said in his book that markets repeat with regularity and also H.M. Gartley said that whatever goes around comes around. And then also we had Benoit Mandelbrot. It said look for the lightning bolt which is a B equal CD. We're going to take a little break here and then we're going to take a look at Google. Attention traders Larry Pesevento the renowned trading mastermind is holding an exclusive live trading event on Wednesday August 2nd. From 9 a.m. to 2 p.m. Eastern Time transform your trading skills with the real time wisdom of a Wall Street veteran. Just $295 gets you a front row seat to this power packed session plus a month free of Larry sought after newsletter Fibonacci 24 7 a $97 value. Elevate your strategies to code the markets and achieve your financial goals. Remember this event will be archived for all attendees and Larry only does a few of these a year. Don't miss this opportunity. Sign up today at tfnn.com. Secure your future and start trading smarter. T. F. N. N. Educating investors. 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TFNN Educating investors. Toll free at 1-877-927-6648 internationally at 727-873-7618. Okay folks I posted the chart here of the chart of Google as you can see here hold on one second I'll get this up here. You can see the oh please don't tell me the charts not showing because I'm going to you know it's got to be an easier way for me to make a living than this folks. Let me get this Google chart up here I do not know why this happens I do care but I don't know. Let's get this up here and take a look at it here. Okay here's what we've got I hope this pops up and we'll be able to see it. Okay maybe that's it alright but you can see the look at the beautiful head and shoulders bottom folks that you can see here look at that. Left shoulder right shoulder right shoulder higher than the left shoulder the time between the right shoulder and the center and the center and the left shoulder all perfect. I mean that's just absolutely look at the expansion on the upside exactly 1.618 on the retracement exactly 786. This is a perfect head and shoulder pattern this is the type of pattern that Andrew low there's that static again wow well not going to worry about that I'll try to figure out what that is. I switched over to Windows 11 I don't think that's it but something's causing it but we'll have to figure that out I guess. Let's move on here to the next one that we want to take a look at let's take a look at the gold market here folks because we've had a pretty good bottom being made here in this gold market. We've already pointed out to the fact the importance of that 1955 level and I just wanted to show you something here in the gold here in the gold chart that was worked very well today. Let me get this up here so that you're able to see it and this is a 13 minute chart and believe me there's no difference between the 13 minute and a 15 minute. I just happen to use 13 because it's a Fibonacci number but there was our low down here at 1955. Okay there's your first 382 retracement here folks right here down there at 1965 we went up and made a new high we're still hanging around in this area right here. Now when the Fed comes up there's a chance that this could lead to an A, B, C, D to the upside or we could go down and maybe even take this low out. But we're in a really interesting time here because everybody is expecting the Fed to raise rates a quarter of a point. Now they might do something different and who knows and then he's going to be out talking about what he did. So you know those are times a professional trader should wait until the announcement has been made and they start talking and let the market settle down a little bit. Because if you think you're going to be able to try to pick that exact high or exact bottom of when he's talking that's a pretty tough one to do. However occasion does he times I do this. We have a big wide band today in treasury bonds on the upside 12705 and on the downside 12405. Now that's a three point swing folks. That is a big move and we're sitting right in the middle 125 and change. So watch 125, 05 will be off the air by the time this happens. And then the upside watch 127, 05. If they're right, they'll stop right there. They will not go more than a couple ticks beyond those numbers, but that's just an educated guess. And so you've got to be able to put a stop in there. Usually 10 pips will cover it. I'm not saying that's a recommendation. I'm saying that's just how one would handle it. If one wanted to go in to a day when the Federal Reserve is trading. So those are the things that we're focusing on today. Someone's asked the question, how many patterns are on the on the flashcards? They're actually 12, six buys and six sells. And then the other ones that we give away for the all on the on the August 2nd day is we do the 135 patterns. And of course the 382, which is just really a really a monster pattern that is, you know, quite, quite what we call quite exciting. So those are just some of the things that I wanted to cover today. I think it's important the fact that, you know, everybody was expecting the Microsoft earnings to be blockbuster. Well, folks, they expected that three or four days ago. The market had already anticipated that it was going to that it sold off. The big surprise was the one with Google because the earnings were, I don't know, from what they said, earnings were good at that. That's about all I know about stocks. And that's why I don't trade them very much. Okay. But anyway, I had a comment too about the Gartley that we had in coffee. Now it ran up at one time. It had a six cent profit in the coffee market. And now we're back down nearing those lows back down at 156 again. This is not a good sign, folks. That's why if you would have bought that at one time and you made three times what your risk was, you got to take some profit somewhere. And that's what you have to be able to do because unless you think you're going to catch the exact high or exact low on these moves, that's just not going to happen. So if you're this stop and think real common sense stuff, let's say you're risking $400 to trade cattle. Okay. And all of a sudden now the cattle have moved in your favor and it's there. It's 800 points. It's almost two points higher than where you bought it. Okay. Now, if you keep your stop at the same place, which is minus 300, you're risking $800 profit to a, what is that, $300 loss? That's $1100 swing, folks. That's not what trading is all about. When I come in here each day, I try to find nice little ABCD patterns that line up. I look at them in late afternoon. If I see them forming, fine. If I see a great one maybe overnight and I get up in the middle of the night, I'll put that one out there. We had one of those yesterday in the soybean oil, just a perfect 382 retracement and the market dropped $1,000. And that's the spot where you should have turned around and went long. And that's what we were trying to tell the folks. So that's what we're watching. Once you see these patterns work over and over again, and believe me, folks, you're going to have periods where you lose four, five, six times in a row. That is going to happen. So be very, very careful to think that's not going to happen to you because eventually it will. And then right after that period, there'll be signs where you have, or trades where you have, where you have five or six or seven or nine or ten. My biggest streak was 19. And I thought the 20th and 21st were absolute mortal locks and I lost five straight trades right after that. I can hear Mark right behind me right now where he put his hand on my shoulder. And he says, it ends today and I turned around you and I said a few words that I can't say on the air here. And I said, why do you say something like that? He said, it's the inflection in your voice. He said, you're too overconfident. And I said, I still got the order in. He says, I know they're going to be filled. Just let them get filled. And the bang, bang, bang, bang, five in a row. Just all that day, five straight losing trades. And boy, I had them laid out perfectly. Every single one of them failed. Anyway, those are, you know, this is the things you got to do when you trade. You got to expect that, you know, you're just not going to be able to, and you're not, you're not going to be able to get the high tick and the low tick on some of these things. You've got to just be really careful and not, you know, get involved with the, the emotionalism and stuff, which is really difficult. That's why Paula is coming on the show here. She can help you with stuff like that. Now I do not spend a lot of time in front of the computer. This is the most time I spend. And folks, I'm not looking at charts during this time. I'm looking at stuff that I can try to show you that might help you in your trading. That's what I'm doing. I let the market do what it's going to do. You know, when you're looking at the machine, I found this out about, hmm, about 40 years ago. No one else really gives a rat's patootie of what you're in and what you're doing. Zero. They're worried about them. T-A-T-M. They're not worried about Y-O-U. So you got to take care of yourself. And the worst thing you can do is sit there at that machine and focus on the upticks if you're long and focus on the downticks if you're short. Not a good sign. All right. 877-927-6648. Stay tuned for Paula T. and her mystery. 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. You can get a full refund within 30 days of signing up. Subscribe to Tom O'Brien's Gold Report on TFNN.com. 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 in 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. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit Watch Tiger TV. That's TFNN.com and hit Watch Tiger TV. Hey, we're back, folks, with Paula Webb on the line. Paula, how are you doing today, young lady? I'm doing great, Larry. How about you? And how's the balmy weather over there in Palm Springs? About 86? Oh, it's just lovely. Just a nice, you know, cool 120 degrees, you know, but as you know, it's a dry heat. It's a dry heat just like it is here, but we have the monsoons, but you don't have. Anyway, I used to hang out in Palm Springs during my time in California. That was one of my favorite places there in Mammoth and also Lake Tahoe were my three favorite places to go. And I sure love that place anyway. And I have so many, well, I got half a dozen students over there and I spoke to some of them almost daily. But Paula, a question I have for us. There's a young gentleman on from the, where is he from? Ireland was in the den the other day, asking a question that he was, excuse me, and then he's on Skype that he's a consistently losing. He keeps trading. And I said, well, do you have any methodology? He says, no, I just think I know where the market's going to go. And I really wanted to just, you know, jump down his throat and say, put your charts away, throw your pencil away and get a job until you know what you're doing. But I couldn't say that to him. What would you have said to him, Paula, because I really didn't handle it very well. Well, I'm sure you handled it just great, Larry. But what I would have said was I would have asked him how he thought he could make consistent money without any methodology, you know, without a plan, without any course of action. And then I would just bring it right back to, you know, most traders, they just don't have a business plan in terms of knowing how they're going to attempt to grow their money as traders. And that has to be, you know, a key element to get started just so you have goals. If you don't have any goals, you can't, you can't grow your money. Yeah, I remember the methodology part, because you were involved when Mark, Mark had all those account statements from Merrill Lynch, there were over 10,000 of them and you helped us go through. And we saw that the main reason that traders lose is, A, they put their stops too close. B, they don't use stops at all. And three, they don't, they don't stop after a certain amount. They just keep trading and trading and trading until they eventually stop making errors and then they start making money. But that wasn't about 85% of those people were losing money in those accounts at Merrill Lynch. Wasn't that the figure? Yeah, yeah, it was closer to 90, I would say 90, 92%, I think. And, you know, I mean, I'm working with a guy right now. And all he does is revenge trade because he thinks he knows where the market's headed. And yet, you know, when it goes against him, he adds to his position. Oh my God. What are you thinking? I don't even get that. You know, I mean, and he's not, he's not in his 20s. I mean, he owns his own business. He's been very successful at that. But when it comes to trading, he's lost his mind. So, you know, I told him, well, I told him to call you number one. I don't know if you will. Because he doesn't have a methodology either. Yeah. Behind me, folks, and the painting on the wall up here, the number one thing at the 12 rules, the number one rule is never add to a losing position. And the reason for that is you're doing two things. One, you're increasing your risk and your leverage. Okay. The second thing is you don't know what you're doing because the market's going against what you think it was going to do. So, that's got to be the dumbest thing that you can possibly do. But they continue to do it time after time. How would you get somebody to actually stop doing that? I mean, you can't just keep rubbing their nose in the dirt. I mean, what would be the strategy to get him to... He's got to find a point where you just can't take the pain anywhere, isn't it? Exactly. And that's been, you know, Mark's and my experience since, you know, since we started this whole thing of trading psychology. When the pain of losing money overcomes your need to be right, then they'll change. That's it. And just like the guy I'm working with right now, he hasn't lost enough yet. He'll say, oh yeah, I believe what you're saying, but he's not going to do it. So everybody has to reach their own threshold, their own financial threshold of how much they're willing to lose before they actually start listening and hearing and applying what those of us have been saying for a long time. Unfortunately for them. Well, that's the truth, but that's the way you go about it. When you get a new client in, Paul, I know you work slightly differently than Mark did, but what's the first step when you take in a new client? First you evaluate them. Don't you to see where they are? Right. I mean, that's what the free consultation is all about, is number one, they may say they want one thing, but that may not really be what they're looking for. So in the free phone call, you know, we kind of flesh out what it is they're looking for. They may be looking for a methodology. And as you know, I always refer them over to you or they may really need to learn how to think. And so when they need to learn how to think, then I can work, you know, go forward with them. And they have to be open to understanding that everything they know that got them to here today is good, but they need to think differently to be able to expand their capabilities to take and keep more profit. So it's just a learning curve. You know, there's no downside to this. You just have to be open to learning. So that's what we do. On average, how long does it take for a person to become a good trader? I mean, where they can consistently take money out of the market? I know it's variable, but I think the minimum would probably be three years, but that's just my guess. No, that's a good point right there. Yeah, I would say three years is probably the average. Some guys take a little longer. You know, I worked with another guy and he was out at five years and he still wasn't consistent, but it was just because he was not focused. He didn't have a business plan. He didn't have any goals. He could trade very well, but he didn't have any goals to reach other than some vague notion of, okay, I want to make X amount of dollars maybe this week, today, next month, whatever. So, you know, once we got him on a concrete path of saying, okay, I'm going to do this today, for this week, this for the month and that sort of thing, just he became consistent quite quickly. Okay, that makes sense. Okay, one other question. What study materials do you offer to someone that starts your program, Paula? Well, basically, because even though there's a lot of common trading challenges, you know, fear of whatever, it's still person specific. So when they come to me and we start working together, I'll give them exercises at the end of every consultation in the form of essay questions which are based on what they shared with me in our session. So they're unique to them. They're not cookie cutter exercises because trading psychology is not cookie cutter. It's all about your mind, their mind and their approach. And so we have to get to, you know, the nuts and bolts of what they're thinking so we can expand on that in positive ways for them to become better traders. So everybody walks away with exercises, handouts that are geared toward what they want to accomplish. Well, you have extensive writings too. I mean, I don't know if they were instrumental in the trading in the zone book. I know. Hey, listen, thanks for joining us, Weedy. We'll have you all again soon and stay cool over there. Sorry for the little hat here today. I'm heading over to the range. I'm going to have a little fun and actually teaching some students at the range today. Okay. All right. You bet. The range he's talking about folks all right. Let's get back to our work here. 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 and 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 and your inbox every day. 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The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, Four Side Fund Services, LLC. The funds are designed to be utilized only by S&P American and TSX under the symbol VGZ. Okay, we're back folks. I'm going to play a little game here for a little exercise. This is the Treasury bond market. You can see over the last two and three last three weeks on a four-hour chart. You'll notice the dark black line here right at the end. This is what my expectations are for the Federal Reserve today. I'm not sure if you can see this but it's a big gap in the amount of money that's going on in here. And as a chance you could hit them both. I've seen it happen where it went here and there or there and there. How they happen, I don't know. But it gets very crazy at that time because when the Fed starts to speak people pull their orders until they see what happens. So if it's buy orders, there's going to be a vacuum so that's what I'd be looking for. I'd be putting an order right in here risking about $500 and I'd be putting an order right up here risking about $500. Do I do this all the time? No, I do it during Fed time. And believe me folks, if you think people are not following this we know what it's going to do. We just don't know the direction it's going to do. Now we do have a slight advantage here because if you look at this over the last few weeks yesterday we got as high as $126.06 I think and we're trading at $125.30 or something the last time I checked so this still has a bullish bias because the Gartley's still working but it could go either way and that's the key. You don't know which way it's going to go so what you have to do is you have to protect yourself. I do not have an order setting in at those exact spots. What I do have is I have my limit to tell me that that's been hit and then as I'm looking at the chart I want to see how much volatility we have around that number. Now let's say it just hits $127.05 and comes off really quickly. Well I assume that I probably missed that exact high so I'll try to find a place in between that area where I might be able to get a short off or on the downside if we get down to that $123.20 area I'll do the same thing. So I'm trying to control my risk setting in there. While the Fed is out there God knows they could do anything. They could raise it by three quarters of a point a half a point they're expected to do a quarter they might not even do a quarter. Maybe they'll reduce rates. Who knows I mean they could do something crazy like that that's why you've got to be extremely careful trading during that time. It's insanity to do it. It's like in trading places when what was the guy's name is Paul Gleason was the was the actor I'm trying to think Clarence Dibbs when the Clarence Beaks Clarence Beaks and that was Paul Gleason was the actor and he was the one that you know got the information from the Department of Agriculture on the orange juice report. Well folks no one gives you those reports. I'm sure it happens. I'm sure it happens in the trade exchange. Whenever there was a pig crop report or a cattle report there were two of the floor brokers that did work for the Department of Agriculture chief which happened to be one of the former members of Chicago working tail exchange and you know those guys were on the right side of the market almost every time. It's a matter of fact I can't think of a time where they weren't on the right side of the market. So if you think that stuff I've been doing this for so many years I hate to admit I'm in my seventh decade of doing this. I started in 59 yeah that's seven decades. And anyway I've never gotten inside information at work. I got information that didn't work but that's important too because if you remember Edwin LaFever's book Old Westlake that's where I used to live in Westlake Village he would always come in with his tip for the week or whether it was every time it was wrong and the people said oh don't come in here anymore and LaFever said are you kidding me he's giving you 100% information and you're not taking advantage of it he's just giving you the wrong information and that's useful too. So we're going to have some fun here today with these markets. We're sitting at the Dow it's been up 13 days in a row. We're still basically I hadn't looked at it lately. I don't know if it's down or what it's yeah it's down a tiny bit. Russell is still up but the Nasdaq is down. The S&P is down but they're doing very little and of course everybody's waiting for that report. There's no question about it and they're sitting near the low of the days and that don't mean it's going lower folks that just means we're at the low of the days so you don't know what's going to happen next but it will be will be some fun. My assumption is if it's if it's a bearish report you'll see 1865 let's try that again Larry 4565 and the S&P 500 on the downside and if it's really bullish you could see 4610 4615 that's in the S&P. I've not done the work on the Dow Jones because I'm not interested in trading either one of those. All I'm doing is just looking to see what's supposed to happen at that time. That's all I'm doing. I don't do anything more than that so we'll see how it all works out but that's neither here nor there. We'll do one thing at a time. Tomorrow's guest we have is Bill tomorrow's guest is Bill isn't it? Yeah tomorrow's guest is Bill Meridian of Cycles Research and we have to have a special special happy birthday for one of our people in the Tiger Den Dr. Mark is a very happy 78 years old today and I think it's all of us give us a sound of one hand clapping as he wish him a happy birthday one of my very very dear friends and just like a I never had a brother but he had been the one I would have picked. Anyway I hope he has a wonderful day which I'm certainly will down there in Florida. One of those big cities down there I can never remember the name of it. I think I've visited him once over the past 15, see I met him at 07 so that's what 17 years yeah I think I've met him once or twice during that time we never miss going there folks for five or six weeks every year until COVID came and then that stopped it so anyway we got to do some other things to look at there the currencies all the things fixed up here with the Fed coming in but overall folks you have to realize the bond market is basically bearish they have to what we're doing is we're repricing inflation to the rest of the world we're actually deflating where the rest of the world is inflating and so we have to find out how they're going to get rid of all these bonds because the only way they can pay these bills is with funny money and you get funny money by printing paper and that's what they do the best it doesn't make any sense to you because right on the bill it says in God we trust and if it ever gets to the point where people don't see that in God we trust on the picture of the dollar bill that's when you're going to see gold at three or four thousand dollars and silver 200 bucks an ounce I don't see that in my lifetime but anything's possible but stop and think we have all these debts that are out there in their own property or whatever it's going to be it's still got to be paid somewhere and that's how it's paid anybody trying to think other ways should be very very suspect it was a surprising other day that Ray found who's one of the biggest defense contractors their profits were down how can that be when the war is going on and if you think that war's not affected us look how much money we've already spent over there folks not very good I think we have a break coming up don't we and then we have a little stuff and see what's going on 877-927-6648 if you're looking for potential trading setups in the stock market then Rocket Equities & 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 & Options report today with a 30 day money back guarantee so you have nothing to risk for all the details even 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 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 let us know and you'll get a full refund within 30 days of signing up TFNN.com educating investors 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 tigers for just $1 for the year there's no catch or 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 ok we're back folks someone posted that the Fed that makes it $230 I think that's I thought they started at $2 and then he comes out and talks at $230 I don't know if that's the case or not but we're certainly find out here very very shortly remember tomorrow's guests will be Bill Maridian Cycles Research and on Thursday we have no that's wait today what is today today is Wednesday already my god where does the time go tomorrow is Thursday Friday Thursday we have Bill Maridian and we're still trying to get Peter Lides to come on on Friday unfortunately he's still on vacation so it might not be exactly at that time so we'll we'll find out what's going to happen remember folks we're in the middle of summer here and sometimes my electricity goes out because of all electrical storms we have here we've been really calm since we had that storm 10 days ago you know they were blown away and they found them today when the gentleman went up to check the roof and the gutters and the chairs are on top of the house so got the two chairs back not even damaged so they weren't expensive chairs anyway so that's a good thing okay one other question is you have to go to the website at tfnn for the August second trading show I think you'll enjoy it I've got some new stuff planned and especially we're going to be doing at least during that time and try to make some money up from the 295 dollars that you pay for it but we've always done that in the other four that we've done hopefully this will be another one I know hopefully it's not a very good trading word but we can work around that and still hopefully there's hopefully again see if we can make a couple of bucks I think we would have a heck of a day today that's for sure anyway that's what we're watching here today God bless