 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, looking good, Billy Ray feeling good, Lewis. I want you to take a look. This is the E-mini S&P December contract. You see here on the far left where this high was made. That was the day the Federal Reserve was meeting and had their big meeting. And of course we had the breakdown and then the rally back up and then another big breakdown. But if you'll notice here, we had a perfect ABCD up here that we talked about yesterday at 43-69. But unfortunately the high was 43-71 and a quarter. So we missed it by about one and three-quarters points. The cold on we got a telephone message coming in here. So bear with me here one second. And that's what I did Jake. God dog it. Hold on just a minute. They said I did something wrong. So let's try it all over again. Time is running short on me boys and girls. It really is. All right. We're going to go up here and change windows. And I put screens right there. There's a screen. I put that on screen one just like it did before. Now hopefully it'll be working. Let's check and see. Maybe that'll be working. Hopefully it is. What's important today folks. You'll see the 382 was made here. Let's blow this up. But look how quickly we've given up 50 handles. Boys and girls, if we go below here. You see this level right here? You're going to see a CRASH. I'm not going to spend it. Expend the energy to say what that word means. But starts with a C, ends in an H if we go below here. This would be so incredibly bearish that you just can't believe it. It will be as bearish as this one right here. So you can see what happened there. So just be really careful folks. Because if we get below here. Look at this folks. We've given up 55 handles in two hours. Three hours. Not a good sign. All right. Let's move over and take a look at the gold market. Because it has illiterally given up the ghost. And this is what's important here. Remember we bought this at 81. And when you have a $1,500 profit right here folks. The best thing you can do is put your, the worst thing you do is put your stop at break even. There's no question about that. Now let's just look at that. That big rally we had $15. So we're just going to take it little by little. And go back to see what we haven't really got any highs to really measure any 382 on about the only one we have would be either this one or even that one there. This was probably, that's probably something I don't know. Yeah, that that goes right to the 382. But if you can call this a high, that's a rally of $7 more. That isn't very much. But here's the key. If we look at this now on the long term weekly folks, we are below, believe it or not, we're below the 786. You see there 1869. We're now trading at 1867. Train says we're moving on down to 1827. So I hope everybody put their stop at break even because after you have a $1,500 profit, that is your money in your pocket folks. So you've got to protect it. And the worst you should have done was to had your stop at break even. I keep talking about that day after day, whether that happens or not, I'm not sure, but that's the main thing that you really have to do. Very, very important. You know, it's just incredible. Hey, from my perspective, it is anyway. Okay, let's move on here to another one that we want to talk about here, which is the Euro. Everybody's been talking about the Euro as a great buy. Well, we've had a very nice rally. You can see there's the rally. We had the ABCD down here. We went a little bit lower. And then we had the rally back. We've rallied a little over 100 pips, which is a considerable rally. So let's see why it stopped right here. So we're going to go and make this a hourly chart right here. Okay, and there's where it stopped. Okay, and you can see the high back here is where it stopped. I can tell you just by looking at a few charts, it's going to be almost exactly 50%. Let's just double check. And there it is. It's exactly 50%. Now, we do have a few ABCDs on the way up here. And this is an hourly chart, so you're able to do those. The first one we have is right here. Now, people have always asked me about how Lori did her trading in the Euro. There's an ABCD pattern here. And then if you look at the next one you had here, you have another ABCD pattern right there. See, that's all she was doing. She was watching these ABCD patterns to see that they lined up. She would have sold this one. The market broke down about pretty good, about 50 pips from there. And now it made the 50% retracement, and then it went a little bit lower. Now, people have asked me, is this a three drive to a top pattern? No, folks, it is not. I'll tell you why. There's no symmetry here. There's drive one, there's drive two, there's drive three. But you see, there's no symmetry here. You really need some nice symmetry. That's what you look for. It's nice symmetry. And we had that in one of the other things we were looking at today that we just talked about. Let's get it up here. I'll move it up. Here's where we are. I'm going to blow this up now so we can see it pretty good. And, all right, there's where we are. We'll just take this off. There's drive one, there's drive two, and there's drive three. You see the symmetry? Symmetry is when the market goes from high to high to high in nearly the same time. Now, look what's happening here, folks. There's high to high to high. Now, is that so hard? That's not really hard. So using the same context, what we're going to do is we're going to look at that AB leg right here. There's a one last night at 55. Then we had another one right here. And it came right in. It should have gone to 78, but it only went to 71, which was the exact 61% retracement. And remember with our good friend who I used to work for many years ago, Albert Einstein, when I was working there at the University of Chicago when I was nine years old, getting my PhD in doctorate. Anyway, wait, was that? No, that wasn't me. Anyway, let's take a look at this. You'll see here, we do have equal highs, and we do have an exact 61% retracement up here. And look at this for now. We're 51 handles below. Folks, if we start getting below here, I'm just going to show you where we're going, OK? There's where we're going right here. This is, I mean, you know, and it's going to go quick too. Let me tell you, there'll be this one right here. If it does, it probably won't. But if it does, we're heading down 100 handles to 4080 is where we're going to go. That's, if this goes below here today, that's really bad. And let me tell you why, folks, OK? You see this little ABCD panel we just talked about? If that one fails, the first sign that it's going to fail is it gets below 4,300. And then, of course, if it goes below this one, then you're going to be looking at that right here. And then people are going to say, hmm, this market is kind of bearish, OK? Now, let me take one second here to go over and bring something up here with these treasury bonds. Barry Steinmetz, who runs Starlight Capital, I believe he's one of the big hitters in the, in the hedge, oh, shuck. Hold on just a minute, what we got here. Maybe we got a caller coming in here. Hold on a second here. Oh, we got a call here from Richard in Massachusetts. What can I help you with, Richard? Let me get this back up here so we can see it. Are you on the line? Yes. Hello, Larry. Hi, what can I do for you, my friend? Stay with us until after the break, OK? I sent you a text message on Skype a few minutes ago. OK, wait till after the, wait till after the commercial, Richard, OK? Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master. Steve won the prestigious Timer of the Year award in 2018 and barely missed that mark again in 2019, finishing at number two for the year, an amazing accomplishment. Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast amount of trading knowledge every day in his Mastering Probability newsletter. Steve's award-winning newsletter, Mastering Probability, is delivered every trading day with updates throughout the afternoon. Sign up for Steve's market newsletter, Mastering Probability, and you'll receive access to seven of Steve's educational webinars absolutely free. At TFNN, all our newsletters come with a 30-day money-back guarantee, so you have absolutely nothing to worry about. Visit TFNN.com and try Mastering Probability 30 days risk-free today. TFNN Educating Investors. Are you ready to take your trading to the next level? Introducing Tom O'Brien's award-winning newsletter, Market Insights, your key to successful active trading. Tom O'Brien, renowned for his expertise in the financial markets, has designed Market Insights to be your daily guide to profitable trades. Tom publishes his daily Market Insights newsletter every market day before the market open, along with updates when warranted. Stay ahead of the game with Tom's real-time analysis and trade recommendations delivered straight to your inbox. Whether you're a seasoned trader or just starting out, Market Insights provides the edge you need to navigate the markets with confidence. Ready to join the ranks of successful traders? Head over to TFNN.com and subscribe to Market Insights today. Don't miss out on this opportunity to supercharge your trading results. Market Insights comes with a 30-day money-back guarantee for all new subscribers, so you have nothing to risk. Don't miss out on this opportunity to revolutionize your trading game. Head over to TFNN.com right now to join the thousands of traders who have already experienced the power of Tom O'Brien's award-winning newsletter, Market Insights firsthand. TFNN, educating investors. 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. Okay, folks, we have Richard on, I think, from the great state of Maine. Richard, how are you doing? Hello, Larry. Are you back in Vegas yet? Tomorrow or the next day. Alright, what can I help you with, my friend? Okay, I was looking at the treasury bond on the weekly and the monthly chart about 30, 40 minutes ago, and I happened to notice 30 years to me to be a three drives to a bottom around 112 on the treasury bond of 30-year. And I think if we bought that thing over the next week or so, maybe week after next, we'd find a nice little buy that could last us until June. That is, I think maybe we should even buy that June contract and just watch it float up to about 140, huh? Well, there's a possibility and I posted a chart in here on the weekly chart and I've got a price objective of 105, Richard. But what you're looking at, getting on the hourly chart, I'm going to bring this up here. I hope you can see it because this is really a clear chart from my opinion. Here's the high that we made back at 120. That was a 382. That's when the Fed did their first meeting. There's when they did their second meeting. And then we had the big move down. We had to just draw it in so we'd be able to see it because this is one of the larger traded things. You go down from your high, your low came here on the 22nd. We rallied several days all the way up into the 20, right there. You can everybody can see it right there. We came down and we made our price objective at 112.28. The low was 112.10. And now we've had a rally. The problem, Richard, is if you take the high of that BC leg back on the 25th and you measure that from the high down to the low, you're going to see that today's high today is an exact 50% retracement with an ABCD pattern in here. So the only way your long-term project here of going higher will work is if you can get this thing above 115. But from my perspective, I still think we're heading down to 105. And that's the area that I'm thinking we're going to be going to. But that's my two cents worth. So we each have an opinion. And if you bought it down there, you got a great trade on. So just make sure you put a stop in. But this market is still headed far south, in my opinion. OK. I can understand that. So what you're saying is it could go into discount territory if it breaks below five? No, it's not really discounted. Just the people have to pay more for the bonds. So that's another reason for it. So I hope that. I hope that helps. I mean, if it gets down to 98, it's going to be a discount premium on the 6% coupon is what it'll be, which will be a big surprise. Does that help? OK. That helps. Thank you, Larry. Have a safe trip back and tell your lovely bride. I said, hello, OK? All right. OK. You bet. That's Richard Rube, folks, who had just had a birthday on the 27th. And we had a nice salutation for him. And boy, did I did I kick the cat on that one, folks. The 27th of September was Mark Douglas's birthday. And he had a birthday too. But unfortunately, he passed away six years ago. And we weren't able to give him the accolades that he really needed because, folks, I've been doing this for a long, long time. And one of the most fortunate, one of the most fortunate things that ever happened to me was when Mark moved here in 96. He came here to Tucson to spend, they were here five years. And then they moved up to Scottsdale where all the shopping was up in 2001, or actually in 2002. But we worked every day. That's where he wrote the book, the trading in the zone. But every day, I mean, and not only that, we spent every weekend together. I mean, there was a family affair. So we, in fact, his wife ended up marrying Sarah and I because she happens to be a preacher. So that's how close we were. And we remain close. But we can imagine having somebody with that much depth of knowledge of what really goes behind a trader's mind and working with him every day for six years. And boy, I'll tell you, he was really special. My goodness, I'll tell you, I just can't give him enough credit, folks. If you haven't read that book, trading in the zone, you're really missing something really spectacular. If you wanted to extend it, get the audio version where you can hear Mark's voice and he can talk to you about what trading is all about. And it's all about risk control, folks. I didn't get a chance to tell Richard, if you'll look at the 382 that came in from the last major high that we had back in here, back on the 20th, that's when the Fed was there. And this is what we've done today is we just made a 382 retracement of that. And not only that, but equals the rally that we had back here in the 13th and 14th. So between the 28th and 29th, we rallied almost two handles, which we did, just like we did here, and then down again. So it just doesn't look very good from that perspective. So if you have any questions, folks, please be sure to, you know, send me an email or call it, folks. I am so exhausted, I shouldn't be doing this show. That's how tired I am. And I, you know, never mind. Anyone do the best. If you have any questions, 877-927-6648. Hey, Jeff, if you're listening, I know you have some questions about Lori and the Euro. If you call in now, let's answer them together for everybody. That would be a big help to me and maybe to everybody else because she did some really simple things that worked really good and they work on anything. But let's, we've got to look at a couple of markets here because there's a few markets here that are really, really in super trouble. Let me show you the one that is really shocked. Well, not shocking, but we had a grain report today. And evidently, it must have been pretty bearish because the beans are down. But what's down is the Christmas wheat. I mean, I saw 50, it's at 48 right now. Look at this, folks. There's where we are. Look at this. We're coming down here. It looks like we're heading down. Believe it or not, to 518 here in the wheat. Look at this. This has just been a total look at this. We tried the long side here, worked for a very short time, had another one that broke about even. But look at this. It appears to me that we're getting ready to make another ABCD all the way down to here. Folks, believe it or not, I'm not kidding you, but Peter Lides a year ago said that wheat was going to break $5 a bushel is what he said. And he's not a wheat farmer or anything like that. But he said it was going down to that level. But look what it's doing today. If we look at this on the daily chart, it's going to look like a falling safe. And there it is. You can see we're breaking down right now. We're at the 1.618 expansion of this whole move right here. And you're down. How much are you down here? Oh, my goodness. You're down about, wow, weeks down about 40 cents today. Shut the front door and raise the rent. It must be poisonous. That's the only thing I can figure out. But look at this. This is really, this is really shocking. These poor guys and wheat farmers are really in bad shape. Let's go back just a little few months ago. Okay. We just put this up on the long-term weekly and look where we were. Do you remember back here it was trading limit up? Look at it right now, folks. Look where we are. That's why you got to believe in the charts, because a lot of people were bullish all the way down. I don't know. Possibly. I'm not sure. Anyway, that's what we're watching here today. Let me double check the old clock on the wall to see if I've got it working. And then we can see how much time I've got left, which is very, very slim. We've only got a few seconds left. And we'll be right back. 877-976648. 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 24-7 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. 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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. Then hit Watch Tiger TV. Folks, and I believe we have Jeff on the line. Jeff, how are you doing? How are you doing well? How are you? Very good. What can I help you with, my friend? Are we on the air? Yes, sir. You're live. Just like Memorex. There's a delay on my computer. Yes, so I have a dozen more questions on Lori's style of trade. So the first one is if you might know what her win rate was? Yeah, she was hitting a better than 55%. Okay, so we're on 50%. Close to 60%, not quite 60, 59. She was wondering why she couldn't get to 618 and I said, are you making money? And I said, yeah, then forget about it. Right around the 58, something like that, as I recall. That's 30 years ago, but I'm pretty sure I'm right. Okay, thanks. Okay, next question. Did she focus on a particular time of day, like for the first two or three hours of the open, or did she trade around the clock? No, she never did. There was no round the clock back in those days because they didn't have that yet. So there was an opening at the Chicago Trade Merc Futures. And so that's what she would be doing. She would wait until the opening of the Merc Futures and then that's when her trading would start. She watched the Forex charts, but didn't have access to trading goes. She didn't have a large enough account. Okay, so she traded starting around 9.30 Eastern and then she stopped at a particular time? I know, just the end of the day. That was pretty much it. Okay, so she'd traded until, I guess, about five o'clock Eastern time. That's correct. Both the Euro and, well, no, while corn closes at two, well, to 20. Yes. But she closed to the end of the day for each of these markets. That's correct, yeah. Okay, got you. Thanks. Next question. So, Will, would her style of trading, where you look for an ABCD and then calculate your stop and your target based on the harmonic, would that work on any commodity, any futures? Anything that's actively traded? Yes, it certainly does. Has to because it's normal markets. So she focused on the Euro and the corn because they're liquid or liquid, the most liquid? Yes, that's correct, yeah. Well, the Euro because that's the most liquid of all and the corn was the easiest one because it had a margin of only $800 at that time. I think $800,000 at that time, so you didn't have to have much to do it, but that's what she did. She still would have days. She might not trade for a day or two because there wasn't a good pattern, but when the pattern came up, she would take it. By the way, I think I charted this morning. My first low-re-trade was on corn this morning and it just hit its target about 10 minutes ago, so I completely spoiled down. Oh, yeah, oh, stop that. Hold on, let's just get up here and let everybody see it. We'll take a look at the corn because it's been, I haven't even looked at corn. I've looked at beans and I've looked at here's Christmas corn right here. Let's get this up. Which time frame, Jeff? 15 minutes? Yeah, it's an hourly. Hourly? Okay, let's get it up here and we'll take a quick look at it. Oh, I see it right there. Oh, that was a beauty. Yeah, very nice. Yeah. Let's get this up here. I don't know what happened to the green market. Well, it had a report. It had a report, but if you're looking here, folks, here's, you know, if you like ABCD and I certainly do, but here's what you want to be looking for. First of all, clean all this stuff out. Take your pencil and just draw from your high down to your low and then take your next one and go to right here. And then from right there you can see a series of these going up, okay? But the main one is this one right here and I bet you, Jeff, went short about $4.89. Am I correct? That's exactly right. That's correct. Well, now, if you look at this real closely, and I'm sure you can just see this, Jeff, look at this closely because this is the same thing we were seeing in the S&P and gold and all the others. Look at this, folks. Look at the symmetry between this three drive to a top end or drive one, drive two, drive three. Look at that. And if you put this in here and just draw the little pictures in that I like to draw, look at that. It comes right out there, right on the money and that's what you're looking for. And if you're looking for some type of symmetry, if you look at the time between highs and that's really what you're watching. From high to high and high to high, it's off by about an hour, about an hour and a half, but your target doesn't get hit till right there. See, so you sold it right on the money so you did the right thing. That's basically what you got to do. So congratulations. It worked like a chance. I had a couple of questions if I could. Well, they're $3 each, but you can mail them in a check later. No, that's okay. Fire away, Jeff. Whatever you need. So, so when I was looking at this, I mean, I just learned this started a couple of days ago when you brought it up. The, you know, that ABCD against the opposite trend can be a Gartley. It depends on, you know, if you have a swing in that down trend that uses the next point, right? So there it is right here. There's your Gartley pattern. I'm showing the Gartley pattern. Now if you take the high back on in August, okay? And if you just drew the ABCD I'm going to draw it into everybody can see it. There's your A leg right here. There's your B leg. There's your C leg. And there's your D leg. And the high today in corn was at 490 and that is 707 and corn hit 707 probably more than it hit 618 because that's the harmonic number in it. And by golly, I don't know why, but it's working pretty good. Right, so I notice the advantage of, if I call it a lorry pattern, the advantage of the lorry pattern is that if you do not have an X point you just have a really big drop, say, you know, big trend and you can't find an X point or if you do it's like very far away. Well, you can use lorry's technique where you don't need an X point because it's plus or minus the harmonic, right? So if you have it, which is another good tool to have. So my question though is that if you do have that X point and the pattern qualifies as both a Gartley and you know, an ABCD going against the trend which like lorry's trade, which way would you trade it? Would you trade it with a plus or minus harmonic or would you trade it like the way I always trade the Gartley is with a 0.618 retrace of the A to D range. Just go in at D. If you got ABCD, just go in at D and don't try to be cute and put a stop in and you're going to be right more than you're wrong. Keep it as simple as possible. If you wanted to set the target, what would be your preference for your target? Would it be the 0.618 AB or would it be a harmonic? Do you often on the trade itself? Yeah. Yeah, be making it right now right at the 61% retracement but you have to ask yourself if it's coming down this fast see it's already below the 61% retracement it's coming down really fast. I would just put a trading stop in like it about lock in basically $400 you've got $600 right now so if it gets a little bit lower and it holds, see right now it's still holding it's still making new lows but if you get to 4786 4766 you know down another couple cents then you're going to be looking at a 786 retracement and if you don't want to carry it overnight that's where you'd be covering it. Okay, so I think it's over there. Uh-oh. That's okay. Can I hold on and ask you a couple more? Sure, you bet you. Absolutely. Thanks. 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 and your inbox every day first time subscribers also get a 30-day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up TFNN.com Educating investors Are you ready to take your trading to the next level? Introducing Tom O'Brien's award-winning newsletter Market Insights your key to successful active trading Tom O'Brien, renowned for his expertise in the financial markets, has designed Market Insights to be your daily guide to profitable trades Tom publishes his daily Market Insights newsletter every market day before the market open along with updates when warranted Stay ahead of the game with Tom's real-time analysis and trade recommendations delivered straight to your inbox Whether you're a seasoned trader or just starting out Market Insights provides the edge you need to navigate the markets with confidence Ready to join the ranks of successful traders? 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Just to clarify the last one I have to be a little bit of a nudge because I like to have a target when I can So if you have a pattern that's both called a lorry pattern and a garlic pattern I think I heard you say you would probably pick the 618 of the AD range if you had to take a target Mathematics Proceeds Geometry There you go, okay So I'll go with Gartley See sometimes I can't be here to do like a trailing stop or whatever I have to leave the computer or something So I like to have a pre-calculated target that I can put in In any case I can't manage the trade But okay, so thanks for that I got two more questions So my understanding is that she would calculate the d-point of the ABCD and then she would enter her trade But of course sometimes price is going to go a little bit higher before it rolls over if you're lucky Did she adjust her target from the higher price or she left it at the calculated d-point? She left it there Okay great, thank you And the last question I wanted to ask your permission If I could shade the AD range I'm sorry not the AD range Well the qualifying AD range by like say two pips like for example I had asked did she have a minimum range for the AD range to qualify for her to trade and you said yes 30 pips for the Euro If I made it 28 pips would that be okay? You have to write that and give me a written authorization before I let you do that Jeff believe it or not you can do anything you want to do as long as you use a stop, do you understand that? Yeah but I like to try to optimize and sometimes this happens often I think it might happen for you also where you have an entry and price comes up really close of a no cigar and it turns over and you miss the trade so I find that shading my targets extending my stops by a couple points it actually helps That's good, that's what you should do She didn't do any of that but you could do that Okay so that would not be heinous if I use the 28 pips would you still have your authorization to trade? Okay so you'll be alright Okay I'll send you a form Okay well that's great so it sounds like if that was 30 years ago she's no longer trading Well she's trading with the gods she passed away of a cerebral hemorrhage about 8-9 years ago she was in her 60's and she, no no she's a lovely lady but she's a good person Okay Well that's fantastic I appreciate all the details in your time I want to keep this lorry trade as a tool when I don't have a garbage setting up but I do have an ABCD going against the trend and I can't find a good X-point I can trade it this way Okay but just don't tell anybody else about it, it's for you and me only Okay just Alright Thanks Jeff for calling in If I get back to Philly we'll get together, okay? Okay sounds good Thanks Larry Okay let's move on here to some of these markets here we're looking at the corn we've looked at some of these other things but the one you want to pay attention to folks is this S&P and the Dow Jones Let's just look at the Dow Jones to see where we are on a percent basis We've come down pretty good but the key here is this low here if we take that out that's not going to be good and so far we've come down to the 786 I believe there it is right there we've rallied a little bit off of that we started getting below here folks let me show you what you're looking at you're looking at this right here let's just go down to an hourly Okay here is the problem Alright just get this up here this is high right back here Federal Reserve Federal Reserve high just for kicks and giggles remember we made it in the S&P I haven't even checked this yet this morning and there's the high in the Dow Jones today exact high you see that and there's your same pattern that you had in the S&P there's your 382 okay if you get above this we're going to go a lot higher but if we get below start getting below this what you're going to be looking at is B C D we start getting below here we've got three hours to go two hours to go and I don't think it will probably happen today but get ready for Monday because we get below here you're looking at a move that went from 3500 down to 336 1200 points take 1200 points under this 34132 and you'll be looking at the Dow Jones 54 we're basically 32,500 32,500 is 1200 points lower in the Dow Jones let's write this up here I probably won't happen but what the hey we'll just see if it's right there's your AB leg right there there's your CD and we'll draw it here so we can see it a little clear and you put it in right there and there's what we may buy there's what the ship will start sailing if we get below here so be careful because we haven't even had a vacuum there's been no fear in this market at all you know the people have been talking about it all away and I don't know if it's going to work or not but the fact that it started in the right direction is good enough for me but we'll wait and see that's what my target is folks and I'm sticking to it alright let's pay attention no more no more questions Al says the board is lit up you just can't get through so I can understand that alright let's take a look at back and take a look at this old crude oil that we looked at the other day I wanted to show you there's where the crude is right here okay remember last yesterday we were watching this 382 right here if you remember we were watching this 382 okay there's the 382 right here it misses it by about a couple pips but it had a beautiful ABCD there if you remember remember this is 30 minutes let's just go to the 15 minutes so we can see it there it is right here move this over there's the ABCD right there and there was a 382 with just a pipper too as they say in the trade there's where you are right there okay you miss it by just a little bit you notice how this high does not take this high out that's because this was the ABCD right here there's your AB this is why there's your AB there's your CD we said the low would be about here there it was right there there was the low okay and all you did now is you made another 382 of this one and look what's happening we're starting to move down we're in a bear market now and crude all folks believe it or not and that's pretty much what we're watching here you see it's important that this could not take that out if it did it changes the whole structure of everything and until that happens not going to be the same so we're heading down here we're now down $5 a barrel folks and just a matter of two days this is well three days 28 29 that's two days see that's how that works right and the next one would be the 30th which is the Saturday we don't we won't be trading on Saturdays that's it okay so that's pretty much what we're watching here today and let's 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tfnn.com then hit watch Tiger TV okay folks I put the wheat chart back up here because I'm a little curious about it now see wheat break 45 cents in one day folks that's really unusual as you notice here just a few weeks a few days ago back here in the 10th we were looking to be a buyer on this ABCD pattern we had a really nice there's your A leg ah shut the front door had the wrong tool there's your ABCD coming in right here and just absolutely perfect we measured the time down if you remember everything lined up pretty good had a really nice rally up here and then it's had the break but boy this is really bad shape here here's what's interesting to me I've been a little busy doing other things today but if I had a clear handle there's yesterday's high at 585 and there's today's high half a cent higher now if that's exactly 382 that's an ideal type of a thing which you've got to you're gonna have to go into report but the thing is if it's right so you can see what happened here let's just measure it from the high looks like 50% let's just double check here it's right at well yeah you see it here it's just a little above but this is only three cents so your 382 comes in here at 583 and the high is 585 and now it's trading wow that's hard to believe 46 cents lower I just can't imagine how Barry said report had to be because I'll have to check with Rich Anderson here over the weekend to see why it's so very very now someone's asking me am I picking a bottom in here hello operator no this is what I think could happen to stocks actually that's just like the S&P here today at 30 excuse me at 43 69 which was the 618 retracement or 382 retracement behind back here this looks the same so if we start going below here that's what you're looking at so folks live every day hit an attitude of gratitude and may God bless make sure you do something for your neighbors see you on the flip side on Monday