…the numbers lead a dance…
Regular readers of this column know that I believe in many concepts so what shall we focus on as the major theme for tonight?
I have a range of techniques ranging from simple to complex. I wish my system was simple, like market profile, but it is what it is. That’s what happens when you spend 15 years studying a variety of mentors and approaches.
The “system” is actually a collection of ideas.
One of the most important concepts of our system is this simple philosophy:
“Would you rather be in front of a judge or a jury in a trial?” We want to “convict” the market by a number of ideas.
Last night’s column laid out the potential next upside targets.
We had at least 4 to 5 jurors that convicted the 17 to 22 range.
Specific, quantifiable, objective reasons.
Anyone can come up with “generalities”; how many can think and react on their feet and determine when the market has switched into reverse?
No one I know of is going to be able to catch every swing exactly right in the market; at least I cannot.
We spent about 45 minutes after the market closed answering specific questions about today’s trades. I was in our chat room from 8 am until well after 5.
All I can say is I love this business and working with the great team of traders in our room.
I make “calls” not to be a guru but to teach how to interpret the system and all it’s tools.
I made it clear that the upside potential held little interest for me,that I preferred the downside. “We have more work to do on the downside” was my call.
Z man, one of the great traders in our room, gave us a number of fundamental reasons to be wary of the long side. I am admittedly shallow in that regard, and love the backup he provides our room.
This is a lonely business. I don’t blame you for trying to obtain “free” calls on twitter. Many use that platform to educate and are quite good.
If and when you are ready to try our system, there is currently a one time fee for members to get the entire program, and no additional fees.
If I can help you or not, I don’t know. The things I have learned may not jive with your temperament, capital, risk tolerance, discipline.
Traders who have been with me now are readily available as references.
When you are tired of window shopping, drop me a line.
The numbers: 17 resistance, the box was 11 and 5 as called, and when 5 broke the door was opened for the waterfall.
The running back broke the line of scrimmage and ran to daylight. No one could catch him as he raced to the end zone.
T1 was the 02 area; conservatives out all at 3.25 to 2.75; when that can’t bounce jump back in for the targets 00.5, 98.5, and T2 97 as called, with the outlier magnet at 95.75 destined.
Objective, quantifiable, and deadly accurate.
Day after day, trade after trade, the Secret code of the Illuminati is alive and well.