Live from ORLANDO

Live Trading from Orlando.......hey it's lunch time, now some might think that this is me.......but it ain't, I is the one taken the picture. I always enjoy lunch time at one of the Fibonacci Trader workshops. WHY? Well, they have sandwiches that you make, lots of mustard and cheese please, little mayo and some extra roast beef. Potatoe or is it potato salad, cole slaw and a great desert.
What else could a guy ask for............

I met some traders from the workshops that I did over the past two years and glad to see some old faces in a business that can blow you out, in a heart beat, if you don't use money management correctly. Also met some guys and gals for the first time that are in some of the chat rooms that I pop in and out of.

The real question is.......live trading?????? Yes!!!!!!!

The lights went out around 8:00am just when the FOREX trading was to start....so Mark had to make up jokes on the fly, like that is problem, HeHe. One thing that he did say right from the start was that he would not be saying, "OH, there was a trade setup, did everyone see that?" He talked about how to develop fib levels and ways of finding a trade with defined risk. He didn't promise anyone the moon nor even the "holy grail", but rather just gave good solid information about using fib levels to work from.

Most that know me personally know that I can't trade without CB's numbers and levels, maybe it her sweet voice, maybe it just the people that hang out there, I'm really not sure.....but I know one thing. The difference between traders that have made it over the hump are the ones that don't use indicators to start the process of finding a trade setup. They don't use indicators to enter a trade, but use price in some way. Indicators are a lagging form of tech analysis even if some try to make you think they have a leading indicator...that is just pure and simple BSSKI.....

I have been using fib levels ever since CB opened my eyes, that you have to understand the rhythm of the markets you are trading, just like listening to Pink Floyd and the Dark Side of the Moon. There is a rhythm and the markets are no different. Even after studying the idea of Fibonacci for the past 9 years, I am still learning things....and this weekend was no different. Just little nuggets.....

There were some funny moments, Mark has been told not to use words like.....sling shot by you know who of course. Which I guess is only fair, since he stole the setup for Barbara Star back a few years ago after her article came out in S&C mag. So our little group started calling it........."the setup formerly know as slingshot." Hey, it worked for Prince didn't it?

How did Mark do trading live.......well, he did have what is called a LOSER, LOSER, that's right he had a LOSER. Now normally at other TAL's you don't find the guru talking about setups in advance, you normally don't have a guru talking about gettin in a trade in advance, you hardly ever will find a guru saying, "I am LONG here". Normally, after the move is good, then the guru tells you just how good the setup was. This way there are no losers.....but MARK had a loser, in fact, the first trade was a loser......LOSER.

But after that he started throwing out winners.....and made the 8 tick pocket change back in no time. So all in all....it was a 9.47 workshop. If they would have had plain cheescake with fresh strawberries....it would have been a 9.9 workshop. Maybe next time.....GREAT JOB MARK as usual.