 The following is a presentation of TFNN. The following is a presentation of TFNN. We're going to have a good day today folks. We're going to have Tom Hougard call in in about 20 minutes. And we'll be able to chat with him a little bit. We've got some questions for him from you folks. Let's take a look at the German Dax. As you can see, we've had some nice swings in the German Dax. It's following the numbers, you know, pretty much as expected. But folks, we have to take a look at one that, you know, I hear a lot of chatter of course of, you know, whether these numbers mean anything or not. Just remember, we had a major report today, a big surprise. But just take a look here at the E-mini S&P that we have here. You'll notice that that 3070 number, that was our profit, excuse me, that was the first price objective we were looking for around 3076. That was the ABCD pattern between December 1st and December 3rd. The market then rallied up exactly to the 61% retracement, at 3125, dropped 20 handles right down to the exact 61% retracement at 3104. From that level, we've gone up, and we're almost, in fact we've hit it already, at 3138, the 78% level. And it's also the 1.27 expansion of the move from December 5th when we went, dropped the 20 handles. So this is a very, very important number here, around 3140 in the E-mini S&P. Closing above that would tell you that you're most probably getting ready to make a new high. And that's certainly possible given things that are going on in the world. One slightest little tweet. And then today's report was really a very, very interesting one because it was far, far superior than anybody would ever have thought. But that's the way reports are. And that's one of the things we're going to be asking Tom when he gets on the air with us this morning about how he handles reports. Okay, let's make a couple of quick comments here that we want to cover here. I want to do the footsie here because we have quite a few folks here from the UK that listen to us. We'll get this up here this morning. And you'll see here that we had this really nice pattern here in the British pound. That's got a British pound in the footsie that stopped almost. Well, it stopped exactly at 707, which is this reciprocal of the square root of 2. And you'll notice that you'll see that again several times on this chart. But let's move on to just a little bit, something a little bit closer to home. And that is this natural gas that we've been watching for a very, very long time. Let's get this chart up and take a quick look at it because we are very, very close here to completing this 135 pattern. The one is down there on August the 5th. The three is there on October the 10th. And here we are. I think we've already made it on December the 2nd. Now there's a chance we could go down one more time, but I don't believe that'll be the case. And the reason for that is the fact that you have a perfect ABCD pattern here in natural gas starting on November 4th. You came down, you rallied up exactly to the 61% retracement. Again, it must have been a coincidence. And that was the gap. You see that island reversal that was up there? And if you remember, look closely at this natural gas flow. I put that high there at 280, excuse me, 290. That completed the ABCD pattern from August the 5th. Perfect. I mean, it couldn't have been any more perfect. Now that was also a 38% retracement of a high we made way back earlier in the year. So that's why this is so very important. Look how many days it came down. Came down nine days, rallied up down seven. So, you know, eight, actually eight. So nine and eight. I mean, right on the money. So this should be a bottom here in natural gas as long as we can stay above 228. We're trading around 240. One right now, I believe. So we'll just keep a very close eye on that. That's a pretty good, pretty good one to look at. Now, the other one that's really interesting is Mr. Z has been kind enough to, I don't know if he posted these or not, but I'm going to try to get these in here that you folks can take a look at him because he's had some really nice charts here. Oh, no. Yeah, here we are. I still got him. Stay with me, folks. And we'll be right with those charts that we've got from Mr. Z because they're really a couple of really nice ones here. The first one here we're going to take a look at. Let's get this up here is the chart for sugar. Now we've been bullish these for quite some time. As you know, we talk about those in the letter. You know, sugars had a really strong support level at that long-term 78% level landing in pretty much right as expected. And then of course, the really big one here is the coffee. And let's just get this up here on the coffee. This is the March coffee that we'll be watching now. But this was another one that the folks in the Tiger room, Tiger Den room talked about Ruby, Mr. Z, everybody was piling on once those folks started to say these things gone higher. And we have really gone higher. And we're starting to accelerate now from higher levels. Remember, these are coming in from very low levels, folks. I think the average price of coffee used to be about $2.89 and you were trading at $125. So you can have a tremendous move in these markets. And so look for retracement here. That's one of the things that we try to look at here is to see how the retracements are going to happen, if in case they really do. So those are the main things that you want to watch. Another one we talked about yesterday, very, very important here. I'm going to do the chart here from yesterday, but I want you to do some homework yourself just to see what happened in the crude oil yesterday. Now, look at this big ABCD pattern we have over the last 14 days. It came in at $58.96. The high on the crude yesterday was $59.12. That was within $200. Now, folks, after we hit $59.12, I would do this, but you're not going to get anything out of it unless you do the work yourself. That's from Mr. 20 Min himself. But just go to your charts. Do a 15-minute or 30-minute chart of crude oil yesterday. We had a $5,000 move in crude oil yesterday. We went up $1,000, down $1,000, up $1,000, down $1,000, and then another $800. $4,800, and now we're starting to break. We did break the 58 level last night, and that tells us that we probably made some type of a major high up in this level. How high it's going to go? I don't know, but when that ABCD completed up there, I mean for the market to chop around like that, and make that many swings. And I know it was the time during the dudes over in Vienna, what do they call that, the OPEC meeting. I know that they react to those tweets or every time somebody coughs or does anything. But to have that kind of a move, that is really a lot of distribution. Aha. Except for one important fact. If we get above $59.12 again, that was not distribution, folks. It'll be accumulation. So it's really important to remember this day, or yesterday, because of the volatility that we had and all of those swings that occurred. It has all the earmarks of a high, because you have the ABCD pattern, you have the multiple tests up there at 58, 85, 59, and now you're moving lower, but it could change in any moment. 877-927-6648. If you're not currently using the TAS Profile Scanner when looking at setting up your trading opportunities, then your arsenal is short a mighty weapon. The TAS Profile Scanner is a standalone piece of software that instantly filters over 2,500 global financial markets such as stocks, ETFs, commodity futures, and forex. Headed by Steve Dahl, TAS understands that in today's technological world, the use of top-flight software applications and technical analysis expertise is essential to successful trading in today's market. You also gain access to the webinar that Steve Dahl and Tom O'Brien just hosted, the best way to use the TAS Profile Scanner to profit. This webinar archive is available for all subscribers immediately upon signing up. All new subscriptions also come with a 30-day money-back guarantee so you have nothing to risk. Start your subscription by visiting the front page of TFNN.com today, and you'll find the TAS Profile Scanner under the Services tab. Sign up today. Make the most informed decisions across all price levels. From the price you should be paying per square foot in certain up-and-coming areas to the type of cash flow investment properties are capable of creating, Tiger Real Estate can help you make the best decision when it comes to all areas of the market. Before you make one of the biggest decisions of your financial future, call Tiger Real Estate LLC today at 727-329-8322 or email us at tiger at TFNN.com That's 727-329-8322 Call us today. Many of our new listeners have heard about the Tiger's Den. The Tiger's Den is a lively community where professional traders and investors can meet, exchange ideas and information in a comfortable, moderated atmosphere. Hear all of the TFNN shows, plus see all of the charts as they happen live and have access to archives of all of those charts. You can test drive the Tiger's Den absolutely free for 30 days with your knowledge of these markets and how to make your money work for you. Details on the Tiger's Den are on the front page of TFNN.com Call now, toll free at 1-877-927-6648 internationally at 727-873-7618 Okay, we're back folks and I'm going to talk a little bit about the gold market here. We've had a pretty good rally. We rallied from, we went all the way down to 1448 and then we rallied to 1448 and then we rallied to 1448 and then we rallied to 1448 and then we rallied all the way up to 1490. You can see the ABCD pattern that was there that came in at the 1488 level within a half, within a dollar or so of that objective. And you can see that that was also a 61% retracement of how we made way back in November. So that was a major pattern that occurred and now we've had this big break today. You'll notice that the low so far has been 1467 in change and that is a 78% retracement of the low that we made back here in early December. It's also a 50% retracement of the low that we made on November the 26th. Now whether this is going to hold or not remains to be seen but we've had a pretty big break today. We've gone from 86 all the way down to 67 so we broke $22 from the high there and from the high at 1490, 67 we've come down $23. So we're pretty close to some pretty important areas but look at this wide ranging bar folks it's pretty dangerous right in here because any move below 1464 would suggest that maybe this rally that we've had here is nothing more than a bear market rally. This is a four hour chart so it lines up for several days so you're able to see a pretty good idea of what the gold market is actually doing. So that's what we want to keep an eye on this morning but 1464 will be a key level because breaking below that will tell us that we're heading down but that big wide ranging bar is a little bit scary so we will pay sort of close attention to that as we watch through there. So if you have any questions folks it's 877-927-6648 now we need to look at a couple other things here that people have asked us about and one of them here is the situation here in the cryptocurrency arena looking at Bitcoin as we take a look at Bitcoin you'll notice here that we've reached some ABCD patterns down here at the 6420 level and we rally just very very slightly folks this is a bearish chart I mean we've broken below those lows way back in July and we've taken them out again in October and we took them out again in December these are lower tops, lower bottoms this is a big downtrend so I think the next to support probably is around 5500 or so in the Bitcoin but right now it certainly doesn't look very well the key to this folks if you look at this closely is if you look back on November the 24th the day before Thanksgiving that week of Thanksgiving you'll notice that Bitcoin had made a perfect 61% retracement of the high way back in August it was absolutely perfect it came in at 10,400 and everybody was screaming Bitcoin got above 10,000 well it gave about 40% it gave 38% of that back over the coming three weeks so that's basically telling you that this market is bearish the lower tops, lower bottoms it's still bearish we see no pattern here to think that Bitcoin would have a major rally from this level this could change overnight but as we look at this right now there's no reason to be looking at cryptocurrencies whether it's related to blockchains or whatever we hear a lot of the news about it but we hear a lot of the news about everything and I frankly don't understand any of this stuff about cryptocurrencies but this chart is still bearish there's no reason to be looking to be a buyer of the cryptocurrencies as you look at it right there it is a falling angel you might want to call it whatever you want Mr. Marshall, but by golly this thing went from 19,900 all the way down to 3,200 and we're still way above that we're still way above that 3,200 level because we did have a pretty good rally anyway we'll see what happens oh we have a question here take a TV investment Grew is looking for the dollar to retreat that dollar doesn't look too bad to me Terry let's just get it up here to take a quick look at it because we talked about it well we talk about the dollar every week but we'll take a quick look at it here it doesn't look very bad to me and if you look at it today it's going to look pretty good so here's where we were on Sunday we had that little bit of a back off and we're probably trading I would guess we're somewhere around 98 98.60 now with the move we've seen because the euro's dropped over 100 pips so that would you know that would tell us that we're most probably there I haven't checked the dollar index yet this morning but I would think that's that's what we're looking at so we'll see if that is going to be the case but we won't know whether that's going to be going or not but boy today is happy Friday it's hard to believe it's Friday already folks so it's going to be interesting it can't be 97.62 that can't be you mean it's down the dollar's down with the euro down that doesn't make any sense wow I have to double check that Terry but I guess you're right I don't know I can't update while I'm on the show here so there's no way that I can double check that please double check that Terry because it shouldn't be that 97.62 97.62 would be a 97.62 wow that would be no I don't see how that can be well I'm surprised a lot but if someone please check that I just don't see how that dollar index could be at that price there ever says 97.62 there must be something wrong here because wow I'll have to update this but that doesn't make any sense with the euro dropping from 111 down to 109 and change the dollar index should have gone higher that doesn't make any sense to me I don't I will double check this at the break here but we've got Tom Hougard coming in I don't want to waste any of that time with that but when Tom is talking I will update the the dollar index chart and bring it up here because with that dollar dropping like that that doesn't make any sense but I'll double a lot of things don't make sense to me but I will double check it when we take a quick look at that update for hogs I think the hogs are really just staying in the same area let me get this for you Ruby because I think that they're pretty much in the same area where they were before let's get these up here to take a look at it I'm looking at February hogs now Ruby and I believe they're still down here near this level I don't think they've they went below it a little bit but now they're still trading in that 67-68 range so it has confirmed well I have to check that because that's really a surprise to me that the euro could go down like that and the dollar index not go up that doesn't make any sense but like I say I'm a believer that the thing with the whole adjustment hey we got Mr. T on the line now Tom are you there Holy did I just interrupt you mid-flow I'm so sorry about that you're just in time to listen to one of our commercials pretty soon you're going to hear the music and we're going to give a little commercial to the folks and then in about four minutes we're going to come on with you and I've got a bunch of questions to ask you and that people have been asking about so and then I wanted to ask you to share a couple of stories you know the way that you've migrated to where you are because you've done a great job but the main thing I want to talk about Tom is the way they've treated you in that telegram room that you have because I've been around for a very long time and I have never seen anyone I treated as badly as you are especially when you're doing it for free so we'll talk about that when we get back from the break okay Tom okay we'll be right back with Tom Hougar Trader Tom Larry Pezzavento has just started his brand new service Fibonacci 24-7 and he's already delivering content to his subscribers on a daily basis when the markets opened and even on weekends he'll receive Larry's written report that provides detailed commentary and a summary on the charts and videos that Larry sends out and throughout the week when warranted Larry will send out via charts or videos or both the key markets that he is watching during the day this will be up to the date active trading information that will help you in your daily trading in Larry's first week alone he sent out 25 charts, 6 videos and a full report to his subscribers in just one week if you're a technical and uses patterns and retracements to trade then Larry's service Fibonacci 24-7 is something that you must try right now new subscribers can get a full 30-day money back guarantee with nothing to risk sign up now to Larry Pezzavento's Fibonacci 24-7 by visiting the front page of TFNN.com under trading newsletters the path of least resistance is David White's daily trading newsletter and if you're looking for active 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we are talking with Tom Hougard Trader Tom, Tom I've got some questions here and then we will let you discuss whatever you'd like to discuss Would that be okay? I'm listening. Okay, your first question there's three parts to this question and that relates to what's happened in your telegram room that you have with 2100 people that come in that pay nothing Is that correct? Yeah, about 2500 Okay, 2500. The first question is why do you do it free? And do I get this question number two or number three? Do I answer question number one first? I answer question number one first Why do I do it free? There's a very easy answer to that and that is by being accountable to a large group of people I have enforced a very steely discipline to my own trading So I see it like a quick pro- scenario whereby I'll let people look over the shoulders of a professional trader who will navigate the market too many hours every single day, a bit like you But in return, I get their questions but I also get someone I am accountable for and I cannot let a position run out of control because I know that other people will have followed my call So for me telegram is this enlightening distribution channel that favors both the receiver and the giver Okay, that makes good sense The second question is related to questions two and three so I'll add them together Over the past couple of days there have been some ruthless comments and Tom, I've been around for a long time in France for 15, 16 years and I've never seen anything like this where people have actually attacked you on so many different fronts for absolutely no reason, I know there's just a few of them and you can't do anything but how do you that two questions relate to each other how do you handle it and why do you put up with it? Okay, so I think I think life in general without sounding like a cliche you're never too old to learn and I think I need to learn to be a little more thick-skinned I have probably a little bit of context for the people who are listening here but I've basically been calling out live trades now for a few years and the reason why I'm doing it is I mentioned a moment ago because I enjoy it I like to help people I make my money trading, I don't sell courses I don't have any software to sell I basically just like to help people and in return for helping people I actually also help myself but I also think that it's much much it's too easy I think as a human being we probably need to learn to moderate our language just because someone is not standing in front of you doesn't give you the right to tell them whatever you do think there should be somehow a filter and to some of these people I think they have trolled me because their frustration and their frustration has been that they have perhaps not been on part of a winning trade and it actually relates to very specific mistake that I made I actually called a trade out too late I went short the Dow Jones last week and I only told them after the trade had been running for about half an hour because I've been away from my screens and in hindsight I shouldn't have told them that because I pride myself of doing absolutely everything in real time it means that there's no after the facts but then in order to sort of soften the blow I showed them all my bad trades that I hadn't called out as well so I've just been looking over my track record now over the last last 12 months and I've generated nearly 9000 tips or points on behalf in a live trading environment but it is unpleasant of course it's unpleasant being trolled but you know I'm also 50 years old and I should just let it wash over my head like my friends are telling me to but what I'm really hoping to do is to do this for another 20 years because I think this sort of education is much much better than selling videos and courses and whatever else educators are doing because here people actually get an opportunity to see the market through the prism of a full-time trader operator for better or worse because over the last 12 months I may have generated a lot of points but I also had free losing months and I think it doesn't get more real than that and the reason why I don't charge for this because if I don't feel like trading a day I don't have that obligation of having to show up because someone has paid me a subscription fee if people want to donate me a book or a glass of wheat grass juice or whatever be my guest but I have no financial commercial interest in it it's more like a call it a luck project and you know what if I can just add something else that whole attitude actually came from you when I met you in 2004 in Las Vegas of all places when you assisted Bryce Gilmore you know the father of modern trading geometry which you have been an equal contributor there was just this sense of well you guys are doing it for the love of it not because you want to score 1200 dollars out of the participants and I really resonated with that. That's good well you've done a great job Tom one of the questions from one of your fans on the index days is do you miss the old city index and what was the main thing you learned during those times you worked for Michael Spencer okay so yeah who wouldn't miss going into a trading floor where it's buzzing every single day and then collect $150,000 a year for it risk free I mean what's there not to love about that but there over comes a point when you realize this is a young man's game and those long hours you would prefer perhaps to invest those long hours into your own trading and what I learned predominantly from the 10 years that I've worked on the trading floor is just how awful people trading you know how awful people in general are at trading not because they're not intelligent human beings because they never really thought that trading was anything beyond technical analysis but it really is and our own Michael Douglas he was the greatest proponent in trying to bridge the technical analysis world with the mental analysis world and he said it's not one or the other they simply have to walk hand in hand it takes two to tango and you'll never become a good trader like a truly profitable trader unless you unless you merge the spurious side of you with the technical aspects of you you've certainly done that I might have to really give you credit one of the most vivid memories I have is when we were in New York once you wanted to go down to the silver pits do you want to tell the folks what happened that day I know you remember but it was really quite funny Tom wanted to go down to the knife exchange go ahead and tell them what happened Tom I'm sure you remember I remember very vividly and I'm not proud of it oh shut up it was nothing I was I walked on to the gold pit and silver pit and I was just in awe I was a relatively new comer to the trading arena and then standing there in a trading pit in the epitome of the financial center of the world New York and so I did what any 30 year old would do he grabs his camera phone and he tries to take a picture and this guy he must have been a quarter back from some or a defense liner from some American football team he yanked me off and I was so embarrassed because it was you who had actually facilitated a contact down there so I could visit and see it for myself and this guy he made me stand there for almost like a corporal punishment and I had to delete the picture that I was taking I was truly embarrassed and really sorry about whatever repercussions was bestowed upon you so yeah that was my little flirt with a trading phone that was the closest I ever came to becoming a floor trader you know Tom I never told you but I paid the $2,500 fine and never said a word hey stay with us we've got a couple other questions okay okay Tom who guard trader Tom will be right back which makes these lots valuable the investment is anywhere from $30,000 to $75,000 the interest paid is 7% yearly paid on a monthly basis according to bankrate.com the best rate for a four year CD in the country as of February 20th is 3.1% a $50,000 investment at a normal four year CD rate of 3.1% would give you income of $1,550 per year or $6,200 over the four year period that same $50,000 investment in a tiger first mortgage program would give you $3,500 per year $14,000 over the four years what should you prefer $6,200 or $14,000 of interest on your investment if you'd like more information about the tiger first mortgage program you can call me at 877-518-9190 that's 877-518-9190 if you're a trader in the market looking for exposure to gold or gold mining equities then now is a perfect time to sign up for Tom O'Brien's gold report the summer is over gold is trading back above $1,500 and the 10 year treasury is hovering at around 1.5% Tom O'Brien has been writing his weekly gold report for almost 18 years there's no one that knows more about how the gold market trades and how gold mining equities react new subscribers get a 30 day money back guarantee so you have nothing to lose every Monday morning Tom publishes his weekly gold report with coverage of gold, silver, bonds, the XAU HUI, GDX, the dollar as well as more than 30 different equities as of September 3rd gold report subscribers have 5 active open positions with an average unrealized profit of almost 38% for each position to see for yourself the types of profitable trades that are recommended within the gold report sign up today by visiting TFNN.com will the S&P 500 continue to climb for bold trades on US large cap stocks in either direction trade SPXL SPUU or SPXS directions daily S&P 500, bull and bear leveraged ETFs direction leveraged ETFs an investor should carefully consider a funds investment objective, risks, charges and expenses before investing a funds prospectus and summary prospectus contain this and other information about direction shares to obtain a funds prospectus and summary prospectus call 866-476-7523 or visit directioninvestments.com a funds prospectus and summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor for side fund services LLC the bull bear trading hour with Tom and Tommy O'Brien next we're back folks we're chatting with Tom trader Tom Tom one of our well more than one have asked us how do they access your telegram room and is it available I know you're going to be on vacation for the rest of the beginning of the year but how do they go to see you at telegram that's technical question I think the best thing is probably to email me and then I will put them manually on to the telegram group and they email me hello at trader Tom and any trace that I do is at your responsibility but there's no clandestine sales pitch here this is truly free of charge it's true though sorry go on you go ahead Tom you've got the mic go right ahead you asked me what did I learn about working on a trading floor for ten years I'd like to put a little bit in context what I experienced there because I think your listeners would benefit greatly from hearing that the company that I work for had approximately 25,000 active traders of which 3,000 of them locked in every single day to trade and when you're sat on a trading floor your job is basically to manage the book so if everyone is long the S&P 500 as a company you become short the S&P 500 and then you have to go and manage that risk and as a slash broker slash trader your job is to administrate this risk so you can let the clients trade freely but you still make money for the book that is called and one of the things that you very quickly realize is that people have a behavioral trait which seem to be what I call the supermarket mentality and that is that when the markets are falling it's a little bit like there being a fronted with cheap soap or toilet paper or half price meat down the supermarket then they will jump in and that's normal behavior when you are in a supermarket on a Saturday morning but it's not absolutely the best behavior to put forth if you want to make a career in trading by being the one that buys the market just because it is falling and it seems cheaper see that's the perverseness of what we're doing will be the only industry in the world whereby it makes more sense to buy something today just because it's more expensive today than it was yesterday so I think if there was one thing that I picked up more than any of the other things that I learned on the trading form we can talk about all the other things perhaps on another Friday that is that it is perhaps one out of 10,000 or two out of 10,000 traders that will add to their winning positions the rest without blink of an eye will add to a losing position because they suffer from the supermarket mentality but there's something about buying something that has already that has already risen and you're already long of it whatever it may be very few people have the mental capacity to add to their winning positions but the traders that did that at the brokerage that I worked for they were truly outstanding traders even the owner of city index he was the kind of guy that would add to his winning positions and I really admire that because it was something that you saw so rarely you certainly made a believer out of a lot of people including me I sent you the email from our friend over in Kiev that has done very well I'll share it with the folks at another time but would you care to talk a little bit about something like today when we have the jobs reports how do you handle reports someone is asking losing badly you see I was actually under the impression that we were headed further down I shorted the Dow Jones back on the second of December and I got a great entry price just after Donald Trump tweeted that things perhaps weren't going so well I went in with a short position in the Dow and I held it all the way but my problem was that my philosophy is when you got a good position don't sit there and congratulate yourself make it bigger make it as big as you humanly can so I added to my winning position and it really badly blew up in my face about 10-15 minutes ago so I went from having a nearly 150,000 plus dollar position to being stopped out for absolutely nothing and that stings a little bit so if you ask me how am I handling that well it's not the first time that I've sat on a position that turned out to be a nothing after having a big profit and it probably won't be the last time either but the flip side is then I'm also the kind of guy that will ride say the 26th of December 2018 where the Dow has an 1100 point rally and I have my biggest day ever so it's par for the course you live by the sword and you die by the sword so I'll probably just walk around the garden for a few times and take a few deep breaths and then count my blessings and then get back on the horse again you've got a lot of blessings that's for sure Tom if the folks want to get your book they just go to hello Tom the trader had to I wrote a book about my experiences I wouldn't call it a technical analysis book and again this is not a sales pitch I am actually more than happy for people to receive it free of charges a couple hundred pages about 60-70 thousand words but it's basically just the mind of a mistake trader and if they want a copy of it they can get it on hello at trader Tom dot com well that's great well listen I want to wish you a very very happy holidays we'll have you on once again before the holidays how about next Friday would you be available maybe for a little bit of a chat of course I would be available with the greatest of pleasure okay thank you very much Tom we really really appreciate you coming into the room today and sharing your experience with us so God bless and I'll talk to you later this week my friend and shake off that stuff that they talk about you because none of it's true buddy I know you too well thank you so much Larry and Merry Christmas to everyone okay you bet that's Tom who guard folks we'll have Tom on next Friday but I wanted to share something with you here from one of our friends over in Kiev this was one of our folks that was at the seminar that we gave in London where Tom talked about his trading methodology and adding in this gentleman here very nice young man he's been trading for about a year and a half and he's been making money and I want you to look at this very closely folks you see the little little boy and girl the pink and blue circle there the blues are the winning trades the pinks are the losing trades he's hitting 29% these are euros folks he's trading in the euro contract and foreign exchange and his win-loss ratio is now 29% it had been around 55% and he was making about 100 pips look what's happened now when he switched to adding to winning positions he's gone from a 55% win rate to a 29% win rate and increased his profits by 180% I mean this is just really it's really amazing to see that it's really quite spectacular so practice a little bit you know it's a different concept but you hear the stories like we see with Tom and others that this might be a way that if you're just at the borderline not quite doing it maybe try it a little different and see what happens you don't have to jump in right away do you know one and two at a time but to add to winners instead of adding to you never want to add to a loser that's the that's the absolute no no that's number one in anybody's book is never add to a losing position for two reasons one is your analysis is wrong and two is that you're increasing your risk exposure and that's the exact opposite of what you're supposed to be doing is to reduce risk exposure that's the real key to be doing this so I suggest everybody if you get a chance to get that book from Tom it's a great book I've read it and I've read it more than once and it's got some great stories in it and the things that he talks about are spot on and it is different we'll be right back 877 6648 I'm certain you are or strive to be one of the best of the best at everything you do in life it's the most common trait that we tigers and tigers share if you're looking to become the best of the best when it comes to managing your money let me teach you to do what most wealth managers tell you can't be done which is how to time the markets I'm Steve Rhodes author of mastering probability and for the last 12 months timer digest has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, 6 and 3 months. Timer digest also ranks me as the number one market timer for gold as well the fact is markets can be timed and I'll teach you the exact set of tools that I use that has transformed me into one of the best in what I do sign up for mastering probability today by clicking on the newsletter tab on the homepage of tfn.com and get immediate access to the brand new products where I take you step by step how to use an extraordinary set of tools as well as provide great market calls to sign up today if you haven't checked out the newsletter's page of tfn.com what are you waiting for all of the tfn newsletters are informative up to date affordable and a must have for every trader looking to gain a competitive informational edge in today's markets tfn newsletters cover every aspect of the markets tfn newsletters offer you the very latest in market news plus new subscribers get to test drive our newsletters risk free for 30 days from all aspects of the markets including stocks, bonds, metals commodities and tech there's a newsletter to fit your needs exclusively from tfn stay informed each day you trade and get that competitive edge that will help you stay ahead of the game visit our newsletters page tfnnewsletters.com and click the newsletters button near the top of the page tfn.com educating investors since 1984 Bazel Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion while originally hand drawing charts from the late 1970s into the 1980s Bazel noticed that prices under most circumstances virtually always were falling sharply later Bazel 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 Bazel Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter right now you can get a two week free trial to the opening call on the front page of tfn.com cancel it anytime during that trial and pay absolutely nothing get your two week free trial to Bazel's newsletter the opening call today by visiting tfn.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 tfn.com okay folks we got a chance here to your right Tucker this is what I want to talk about here's the ABCD pattern here I wanted to talk about the fact that we had those big swings yesterday in the crude oil and I want to show you what's happened folks because this is very very interesting for two reasons one it's one of the patterns that Tom likes trading strength and also selling weakness but if you'll take a look here at this crude oil what's happened today you'll see yesterday's action I marked it there were $4,000 in swings that went down to $9,000 down to $58,000 back to $59,000 back to $58,000 up to $59,000 back to $58,000 that's $4,000 in swings and we came down to this level right here you'll see the low today was exactly $382,000 of the low we made back here at $55,000 $35,000 to the exact tick $57,000-$70,000 that was a $382,000 retracement there and the market has moved $2,000 almost yeah it has moved $2,000 exactly off of that $382,000 retracement so that's why you know we look at those $382,000 retracements in strong trending markets because they do at times make a very very strong spots for support and resistance so the next level of course is higher in here we've got a $2 range we'll see what happens for the rest of the day but the importance of those swings that happened there I mentioned that there was no more distribution or accumulation and it was accumulation and later on they set with a loss of $59,000 a quarter loss down to $57,000-$75,000 and now it's rallied $2,000 so very important to watch those things folks as they move very very quickly so that's about it we'll see you all next week so live every day in an attitude of gratitude and may God bless and please try to not cause a lot of trouble because there's a lot of homeless in the world even here in Tucson we have homeless folks so try to do something for folks that don't have some of the blessings that we have here that's for sure and remember we appreciate Tom coming on because it's been nice to hear him talk