NTAP and CSCO the tale of two stocks

Last weekend I posted two stocks that I was looking to trade this week. CSCO had a great pattern for a rally and NTAP also had a crown pattern for a long. Both had a seasonal bias along with good fundamentals.....remember them.

On Monday we were ready to take advantage of our list of stocks, CSCO gapped down and canceled our trade right on the open. Meanwhile, NTAP triggered by taking out the high of the setup bar without taking out the low, (Man were have I heard that one before) and we were long. Some of our trades are just plain stocks and some are done in options....it doesn't matter which one we do for this piece...but we were long.

One of our main reason for taking these trades was that on the weekly charts we found time and price squaring on a major level. Also CB had been talking about this in the futures market....so it was easy to take the trade.

During the course of the week, I was surprised that no one was busting on me about NTAP since it was having problems. Well, when you a trading plan...that is what you do....have a plan and trade it and stop thinking to much.

Yesterday NTAP exploded, right on time.....remember we buy options when no one else wants them and sell them when everyone wants them......Now won't this make for an interesting service......????

The ideal setup comes along a couple times a day.

The perfect setup comes along a couple times a day and the questions is I guess what are you doing when your perfect kitchen sink setup comes along. Are you in a losing trade? Talking on the phone or typing in a chat room? Looking at some other stuff to see you can get better results?

Well the secret sauce was green today, so I was looking for a long all day. There were two setups during the sell off at the gap open. Then it setup and triggered only to hand me a loser, what a nice way to start the day. The first bar trade was also a loser and now my ideal setup gave me the shaft.

In CB's room she had symmetry at A and B and I thought it would be a great trade when it triggered, everything was in place. Well I got clipped for a lose and then it just exploded to the upside, needless to say I was a little bent out of shape. But then it setup again and triggered. What is the difference between my trading and my success and your trading and your success. I took the next trade and rode it into CB's extension TO THE TICK......634.50 and ended up with a nice morning.

You know the drill, define the trend....setup for a trade...a good trigger...half off....move to BE and manage the balance then move on to the next trade.

For those of you that were shorting at every pause on this rally I can only say one thing.....of course I know it will tick you off.....BUT.....thanks for the order flow, I mean while you were trying to sell the top I was waiting for the train to actually get to the station and it was time to get off and go to the ATM machine in the lobby........HAVE A GREAT WEEKEND.....

Welcome to the world of free speech and exchanging IDEAS

This is from the comment section...enjoy
Just received this email:

“TradingElements”

Announcing a New HC Room on Relay 7
Greetings friends and fellow traders…..

We hope this email finds you in good health and experiencing good trading.
Gio and JeanYus want to let you know that we have joined forces to start a new chapter in our trading lives. We invite you to share with us in this new venture of trading and trader education.

On Monday, October 17th bright and early, we are opening a new Hotcomm room where all are welcome to exchange ideas and methods in a professional business atmosphere. We are dedicated to teaching and sharing with those in the trading community who would like to participate. There will be periods of voice room moderation, text discussion and contribution. In addition to her intraday discussion, Gio will continue the Monday night 5pm session of the daily and 30minute charts of stocks AND futures. JeanYus will also bring his interpretation of the charts throughout the week using multi-time frame synthesis and other tools helpful for daily trading.

We’re excited about this new venue and have many interesting things planned for the future. We welcome you to participate and enjoy your time with us.

Our website is also coming soon: http://www.tradingelements.com

Looking forward to seeing you online,

Gio and JeanYus

Here we go again........THE Soap Opera continues....

Remember when the slogan in the land of Wood was....
"A candle loses nothing by lighting another candle"

WELL.........There comes a time when a person must take a stand on things....sometimes it's just where we go for dinner, sometimes it's a more important issue and there has been an under current in the Land of Wood for a while now. This blog has in the past pointed out things I find interesting. The puppets that are used to make a chat room on Hotcomm appear to have more attendees then reality. A certain setting, that would allow you to front run the ZLR setup on the 3m CCI. From the text-b-gone when someone doesn't like what was said by anyone to the Dax-b-gone thing. Moderators that go on vacation and never return to traders with good ideas that seem to be missing in action. Trade-a-longs were it's promised to give the left over funds to Make-A-Wish but are never accounted for and are not on the Annual Giving List. He likes to boost that over 100k has been given but I now for a fact that 34k of that amount was from myself and another 5k was from my trading buddies. The list has been an interesting soap opera to say the least.

Over the past couple of weeks, things on the website are being replaced with Market Gurus that once were forbidden as turmoil behind the scenes was building. Moderators that had given their own time and for free because they believe they were actually helping newbies were getting pressure to either shape up or ship out, after all "they" are running a business.

It's all about power, control and being self center as "THAT" person tries to control everyones thoughts. NO PM's, so you can't communicate with others, and if you say anything that displeases "the inner circle" you are banned immediately and your IP is put on block.....they spend their time spying on other chat rooms using different nicknames and userID's (we have shown that in this blog) to see what you are saying there about "them" or even to see what you are using to trade.

They invent new stuff to promote their business and trade-a-longs where he walks around and says, "Great Trading Everyone is this helping everyone" or "Did you get that ZLR there it was good for 3 points". Of course, that comes after the trade has taken off and is working.

Rumors have been flying since Dallas about Gio and Soren doing a workshop in Chicago on October 31.....and starting Monday, Gio and JeanYus will be doing a chat room on daily charts of stocks and futures again.

I have in the past busted on Gio, you know the fudge thing, but beyond that I have always thought Gio had great information for those with an open mind. But we all know that you just can't use the CCI alone to trade, you do need a few other toys and ideas and I have to believe that is where the rub comes. A person that has the "calling" to educate and teach just can't keep telling a half truth, at some point they must stand tall. If that means being kicked out of a mind control-type of room...then so be it.


Tonight is another great reason to celebrate, WHY....because more good traders have left the Land of Wood and we all need to help, understand and welcome those who come out into the light. Welcome to the world of free thought, ideas and vision, it was interesting how after 2 years of busting her stones for "HIM", for free.....answering endless questions, doing presentation.....of course, "THEY" have removed all reference to anything that was spoken or written off the website....so Gio,....you are now GIO-B-Gone, just the latest feature from the brown shirts.

To those in the "inner circle" when will you see the light? When will you become a problem that needs taken care of? You do all the work and who gets the money. Oh there is money, that is very clear, just what is your share......or are you really that blind....?????

Bear Crown can pay bucks if treated right......

So the world was in a bearish mood, we kept selling any rally and making bucks....sometimes lots of bucks.....BUT, if you just use indicators like the MACD,
Bollinger Bands, RSI and even the lagging CCI...well you might have been caught on the wrong side of the market today during lunch.

It's called a crown pattern, a confirmed head and shoulder pattern with fibonacci relationship. Trading off the 3m chart and using the CCI we had two setups for a short. According to my rules, the first one did not trigger. The second one did.
Our auto trader picked it out of the crowd and we confirmed the alert and it went short. So for about 15 minutes we were feeling like Kings as the market was retesting the low.

Then it came down to .618 of the swing up, the TIKI barked out -24....-24....-24 as we were watching the bear crown form. Even traders in CB room had spotted the pattern as it unfolded. Since I wrote an article about it in Jan. 2003 for Active Traders, Well, I had to lean into that trade as the auto trader was trying to save our backends.

The important part of the pattern is the tiki reading of 24 or higher at the .618 area. Most traders get part of this pattern right...but forget about the tiki reading.....So, check this out......

RS Houston......I am complex?????????

CLICK ON PIC TO MAKE IT BIGGER.........ROTFL

NEWS ALERT: HOUSTON, TX 9:14pm During a presentation at Zap Futures, RS Houston has released their new "state of the art" commodity trading course and futures trading system. In addition to just trading commodities and futures, traders can also use this exclusive software to trade forex, stocks, eminis, bonds, options, option on futures and CORN.

You'll receive a power-packed bite-size chunks of innovative day trading ideas that will help improve your trading. Included, just to mention a few are the MACD, Bollinger Bands, RSI, Candle Sticks, SlideWinder, Money Flow, Mass Index, Keltner Channel, Linear Reg Curve, Momentum, Rate of Change, Price Volume, Parabolic, Open Interest, this is just a small list of the hundreds of indicators, paint bars included in this exclusive offer.

In addition, you can start to trade today with only $3,500.00, but according to the
http://www.rsofhouston.com/FAQ.htm#W1 link, you can get away with even less. SO call today, operators are standing by. This exclusive offer can be obtained for a home study course for the ONE-TIME INVESTMENT of only $4,495.00.

Many of our students tell us that they would have paid 10 times what they did to receive the RS of Houston Methodology training. Rudy Kovic states this is the best thing since banana puddin...and just glad he found this first, he has heard stories about someone called BOB.

Rudy is smiling over all the profits he made today, you don't need any complex trading computers to confuse you.........

Well, of course, you could just use the first bar trade and maybe the 50CCI ZLR with secret sauce, but call today it's your future

Custom work means ...slow going.......

First, we had to go out in the field and find the red cedar trees, then we had to load them on a rollback and haul them home. Power wash the root system, and cut the bottom of the tree square with 10 inches for support. Then we used a crane to drop the 10 trees into place, but that was just the beginning.


We tried several tools to see how we could peel off the bark from the tree without marking the wood. It came down to a screwdriver with a dull point. SO, we began the long process of peeling trees.


After 4 days, I was thinking....let's see 12 bucks and hour and there are how many working on this........ROTFL.


When these guys showed up with their grinders, and wire brushes I just had to leave for a while.....they even took chain saws and trimmed each branch. They worked the trees over big time.


Grinding ....grinding....grinding.....then the wire brush......


The more they worked.....the better it looked. These folks get 24 an hour......and it just seems to take forever.......and you wonder why I trade the way I do....

First bar trade...didn't trigger...BUT.....

The rules are simple.....if the low of the first 3m bar is taken out without taking out the high then you short on the close. Simple rules.......
But in the real world, like this morning in the chat room some of us smart guys took a short when it went below the low of the setup bar. Of course, it was a LOSER....yes there are losers in trading....OK.

There were some problems with this trade right out of the box and here they are....now you should do a case study on this and see if you find any solid ideas on how to trade this setup for yourself.
1. The ticks confirmed the up gap.
2. The ema of the trin was pointing down and the trin was .64.
3. The spread had opened green and was getting stronger.

But I take the trade, some days I am the cat, some days the mouse....but managed right I will never be the CHEESE.........

It has to be perfect.....not second best........

While I was in Denver at the workshop the beams came for the second level. According to the contract they were to be big and not cut on the end so we could custom fit them but they came notched. You can see my contractor on the phone to me in Denver as he had called my dear sweet wife and asked her what to do about these beams. After she saw them, she told him to call me and I flew back to straighten yet another mess out.


The beams were about 50% under size and the notch was not even close to the main support beams they were to sit on.


So I drove up to Butler, TN near the Cherokee National Forest and found the right ones, 24-30 inch at the butt and at least 28 feet long. The sawmill cut a flat spot on each log that I had marked and then delivered them within 48 hours. We used the Bobcat to move this monster logs around so the crane could lift them over to the house.


Each beam was lifted over and placed near their support posts, we also moved all the joist for the third floor plus fireplace units and so on. If you look real close, by clicking on the pic, you can see a security guard sitting on the wall watching everything.....we have one there now 24/7, 365. The is even his little security shed, so he can watch the cameras that are all over the place. You can't pick your nose anymore without being followed by a X10 camera......


Of course, the crane operator can't hear anything, well except LUNCH, so everyone has to use hand signals to direct the materials in place. Today, 10-10-05, we had a tree expert from the University of Tennessee who works with the national park and state forest service come over and check out the trees and brush that were damaged during the fire. We lost 6 hemlock, 1 chesnut oak and the worse loss was the American Chesnut tree that was about 11 inches at the butt. We will now remove all the dead trees, logs, stumps and brush over the next week or so that you can see in the background.


So each log was cut to fit perfectly and sit just right on their support post. This took an extra 3 days to complete, but was worth every minute.


You can see the difference between the second picture of the notched beam compared to the ones done on site. This little setback cost me about 9k, but I canceled the balance of the contract with the first supplier. WHY, because he didn't follow the contract(or plan)....and when you don't follow your trading plan, bad things seem to happen. What does building a house and trading have in common.....the same as football and trading......have a plan and stick with it...or it's BYE BYE BABY

There's GOLD at the end of the road!!!!!!!......

IF you have a simple trading plan, with some solid rules you can follow then there is a golden road to happiness. The problem is finding your own road......just remember one thing.

When things get tough, always remember....
Faith doesn't get you around trouble, it gets you throught it!!!!!

A trading friend of ours sent this and other great pics....THANKS.

First bar trade....is it the Energizer Bunny...it just keeps on going...

So we shorted the ER, when it took out the first bar low, held for the gap close and then when it took out the high of the last 3m bar we covered......Not a bad trade since it has not lost money this month yet......according to several in the TradersHaven over on Hotcomm.com Relay chat room.

CSCO trade did not trigger on that setup so we will continue to look for new ones.
NTAP did trigger off....and is up 27 cents in a down market.....go figure.......

Well how about another one ......stocks that is.

I smell a rally here also, so let's see if we get a trigger and get up to 25.14, take half off and let it ride baby........

Haggerty 123 with a .786 retracement......

Stock stuff.......I smell a rally.....

I am always scanning for stock plays and maybe an option play.......
I found this bear crown that I wrote about in Active Traders mag back in Jan, 2004.
So Tuesday, we hope to buy this little puppy since it has retraced .618 from the last cycle high, looking for a first target of $17.85 if we can get a fill. Will update this trade as it unfolds......but looking for a run in this stock, until the second week of November, or a 10% profit on the first half. SO, if we get a trigger, then it rocks and rolls up a buck seventy will take half off, move to BE and see what we can get during the second week of November.....

This should not be taken as trading advice....just track it.....if these trades workout, then there might be a trading service/chat room down the road for those who believe.......

If you feel you were born to lose.....then this is for you baby!!!!!

Wonder if you belong, think you’ve got it down
Does it still feel the same, now that losing is back around
Born to lose, born to lose, make your mind up no fooling round
Now that I know, I could never be, I would never be more then the losing one.

Wonder how it all began, as if that mattered anyway
There’s few winners you’re always wanting, every single day
Born to lose, born to lose, make your mind up no fooling round,
Now that I know, I could never be, I would never be more then the losing one.

Born to lose, born to lose, make your mind up no fooling ’round
Now that I know, I could never be, I would never be the only one.

I am always testing, testing, logging, more testing, research, thinking outside the box, then back to more testing. This little system had 264 trades this year so far, with that it is only producing 32.58% in the perfect world (no slippage and perfect entries), out of that it lost 118 of those trades, broke even on 60 trades and only had 86 winners.

Worse, then that it had 8 consecutive losers in a row, that is "8" losers. But the dang thing still has a net profit after commission for the year. The toughest part of this business is the between the ears, you know, when you enter a trade...you EXCEPT a positive out come...or why on earth would you take the trade in the first place. Most of us, in one fashion or another have come to trading from the business community and held upper level management positions or were business owners. So we don't take being wrong lightly, if at all. In fact, I believe the more education you have the worse you will trade, mainly because you think you are smarter then the rest of us and that leads to opinions and a bias. Which is a deadly combination for sure.

But if you use the proper money management and trade management you can in fact be wrong two thirds of the time and still reach your objective. Oh yea, just for fun what is the highest batting average in the majors this year?

MORE CONCRETE..........oh yea baby

We had scheduled to have someone come in an dig out for the final set of retaining walls in front of the house. So we only delayed that process by 3 weeks as Clint came in and started digging out the footers.


It didn't take the 4 amigos long to get it leveled, graded and put the rebar in place, 8 feet wide with #8 rebar. While the 4 amigos were doing the retaining walls, the second floor framing was going up also.


I still have nightmares about concrete and here we have two more trucks loads of 4,000 psi concrete being unloaded. The best thing I can say is that we didn't have to have this pumped, which is about 150 bucks an hour.


After the 5 days of curing time, we had went up another 10 feet with the ECO block.


How much rebar can one guy use in a retaining wall.....well don't ask...:) In both sides of the front walls we used over 2,100 feet of the dang stuff. Cut to length, bent were needed and then put in place and tied.


Followed with more concrete, we used a belt truck so we could delivery the concrete right into the forms. It's not as easy as it looks trying to control the end of the shoot.


After the concrete is poured, we had to wait 5 days before we could start to move higher, this gave the concrete time to set and cure about 90% or so......but it didn't take long for us to get to the last row of ECO blocks...the last row forEVER.


Once we were near the top of the wall, we also had loads of 57 run hauled in...17 of them were used to get up the right level. With french drains and spouting drains in place the next thing will be put the footers in for the porch. So the end of an era is here....no more concrete...and no more 57 run........we used 304 truck loads of that crap and 146 loads of concrete.....average 8.1 yards per truck.....Good grief

Check out today's hot trading website.....

When you have time check out some of the work that Globetrader has done.....here is the link:

http://globetrader.blogspot.com/

Enjoy......:)

The mother of all trees.......can we save her?????

The day that we set the 14 tons white pine tree that was 46 feet long and 52 inches at the butt wide, we are so proud. I mean this is a center piece to the entire house, the stairway.


The tree was set on it's pedestal ever so gently, then it was plumbed, leveled and squared to the floor and roof system that was under way.


Then came August 2nd and at 9:14 the first call came into 911, then the second, the third, and by morning everything had changed. When we got back from vacation in Spain, this was how the tree looked. Laying on it's side.


Nothing was left, nothing could be saved, it was a total loss. The bridge in the upper right hand corner did not receive any damage, but everything else had gone up in smoke.


No that is not something from outer space, just Brady giving me the thumbs up about the tree. They had been trying for 2 days to see if this gem of the Cherokee National Forest could be saved. The amount of ash was just unreal, there was ash dust everywhere as they used power washers, air compressors, wire brushes, grinders, whatever they could think of to work some magic.


Of course, Brady's best friend Kim was not in any mood to have her picture taken looking like a West Virginia goal miner, but what a great job they both did.


After 4 days, it was decided that the tree not only could be saved, but during the process it actually developed more character. The tree of all trees is going to be placed back on it's pedestal were it belongs.....and very soon as we will never give up on a dream....NEVER....NEVER.....NEVER!!!!!!

Trade Station was a bust....BUT the rest of it was great.

So we went to Vegas for the Trade Station World Conference and three days of eatin, shows, shopping and the slots. We used to own a 60's burger, shake and fries joint and are always singing those songs.....The kids know them all by heart from being around me. I had decided to take them to see Bobby Vinton while we were in Vegas this time...LIVE.
What a great evening we had as the Wynn was able to get us back stage passes. His backup singers are his 3 daughters and a daughter in law, along with his son, Chris who is the band director.
His mom even came out and did two songs and danced a little and being 79 that was a special treat.
I guess the best part of the entire show was during the 4th song when his oldest daughter sang ROCKY TOP....and clogged. Roses are Red, Blue Velvet, Lonely and for over 90 minutes the songs just kept coming......


One of our favorite groups from that time period was the Coasters, and they were in town also, so off to the Sahara we went. We had known Cornell Gunter of the Coasters even before they came to our burger, shake and fry joint were they always drew good crowds. It was a gas, because we had front row center tickets and when Early came out and started to sing, he looked down, saw us sitting there and gave us a big kiss with a smile ear to ear........as the show went on, he actually came down and sang POISIN IVY to my youngest daughter. After the show, we met up with them, they changed and we all went out for a late night snack.

Not going to post all the pictures but Dolly was at the House of Blues on Saturday and we also went to see KA at the MGM. I guess that is why a 3 day trip turned into 5 days.....we had to come back home because we just couldn't sit down for another meal out there.....I would get up early and look at my charts, take the first bar trade...and when it was over the girls asked me how I did...WE ARE STAYING ANOTHER DAY with a high five, they would reply...MORE SHOPPPING ..... .... enjoying life and spending time with my kids.....hope you all had great trading days and spend time with YOUR FAMILY AND FRIENDS while you can...PEACE

First bar trade.....AGAIN

WEll, I didn't trade today since I had a pile of meeting up on the hill about the house and only have one word about today.......you can choose the words...
1. Dang it not again.
2. NICE.
3. Wish I could just take that trade someday.
4. That trade never works, I went long.
5. Thank you to whoever went long.
6. Good grief batman that was just to easy.
7. YAWN
8. I would have taken it, but the CCI on the 29 minutes chart (trying to front run the 30 minute people) was a HFE and the CCI on the 13 minute chart (trying to front run the 15m people) was a HFE also. SO, I didn't go short because it looked like a 3 minute ghost or vegas trade was setting up, not sure which one that was but since neither didn't work I guess it's a moot point. GREAT TRADING EVERYONE ELSE....:(

Steve Matrox....another one of the Guru Masters....

So I get about 20 emails, offering me the greatest thing since peanut butter wrapped in chocolate. Well, after 6 months of getting these emails about once a week, I decide to check it out......after all just 50 slots are open and I have to hurry or could be left out...RIGHT????????


I mean this guy has finally cracked the forex code and I read everything....you know he is the greatest....he has the best....his system is beyond even his own wildest dreams...on and on the BSski goes....


He even shows a trading desk and WOW I thought....I wish I had that to trade with!!!
Hey wait a minute, I DO......THAT IS MY TRADING DESK.....right down to the UT orange cell phone on the bottom left of the 50" Pioneer monitor. Heck, there is even a UT sticker in the middle of the cabinets just above the center of the 50" Pioneer monitor. I am blown away, here I have the mother of all systems and didn't even know it........SO here is my trading desk.....of course, I failed to chop off the sides...this is the full picture that this ASS WIPE STOLE....I have two daughters, one that goes to Penn State and one that goes to UT......oh yea there is the PSU and UT sports stuff all over the walls.....NICE....and you can see if you click the chart open that the spread is there ......WHAT KIND OF BS IS HIS GUY PRETENDING.


So what else is this Market Guru not telling everyone? I mean if his system called out 15 out of 16 winning trades live and everyone had a ton on money, then why would he have to post a picture of my trading desk he stole from a chat room either from CB or the Woodwinder. I emailed Mr. Matrox about this...and have ever gone a reply.....So what can a guy do, when someone steals his stuff........Oh yea, just one other side note to this......it seems Mr. Matrox had a run in with the CFTC, is that why he is now selling his BSski system using the un-regulated FOREX...

Maybe the Woodwinder and the brown shirts can answer that one? Put down the bottle of wine....and sober up for a change.

Some might think that this is another new great idea.

I have, for years and years, been trading the first 3m bar, but some might think it's new....well here a post that was sent to me that I did in late March....Enjoy.

First Trade of the day...everyday 3-28-05
Far far away and long time ago there lived this guy who had dreams of great wealth and all he had to do was trade the futures. But before long, as we walked through the forest of indicators, oscillators, market gurus and elliot wave he stopped trading. The stress of taking the next trade, hoping it would work, praying that this one was not another loser and there were losers...lots and lots of them, "Robert the trader" (name is being withheld to protect the next to kin)turned into "Bob the analyst". Sitting in front of 8 screens with 12 different time frames, 9 different markets, 11 different indicators, 6 oscillators plus the wave count. Was that a 5 inside a bigger three...or the end of a 2....SCREAMmmmmmm.
Checking charts and filters just to make sure it was the perfect setup, but by that time the market had moved and he ended up buying the top.

See "Robert the Trader" had turned into "Bob the analyst" not because he wanted to, but because his defense system in his brain would not allow him to take trades anymore because of the stress and pain involved. The brain had shut down Robert ability to trade because of one thing.....FEAR AND GREED.

Then came an idea, what if I went to Chicago and watched the floor and out of the forest and into the windy city Robert and Bob went. What they saw was amazing, people screamming at each other, spiting, steping on each other. It was called order flow. Here was a room full of people trading without charts, indicators and oscillators and elliot wave. They just watched price and order flow.

So back to the forest Robert and Bob went, but they decided that tomorrow they would wait for the first bar to close and sell the low or buy the high. The chart below is from today.


Bar #1 is the first bar of the day on a 3 minute chart with the high of 618.20 and a low of 317.20.
Bar #2 is an inside bar, which just means that neither the high or the low of the last bar was taken out. Setup is still valid.
Bar #3 the price took out the 618.20 high of the setup bar (the first bar) and we went long, placing a stop under the low plus a tick. (617.10)
Once the price closed above the entry bar we trailed the stop.
Bar #4 this is where the bar went below the low of the last bar and we take half off and move to breakeven.

So the rules are simple, even if you are from Alabama.
1. The first bar is called the setup bar.
2. When the high of the setup is taken out without taking out the low of the setup bar. Go long......if the low of the setup is taken out without taking out the high Go short.....
3. Place a stop at the low of the setup bar or a tick or two below the setup bar.
4. When the close of the current bar closes above the high of the entry bar trail a stop.
5. When the stop is hit, take half off and move to breakeven or cover the entire trade.

What happened was that Bob left the world of trading and started selling indicators, oscillators and elliot wave and Robert got the monkey off his back and is building a new castle up on the mountain......

Just one more side note to this, remember the article about Bor"sell"ino and at one time he was doing 10% of the volume in the S&P500.....Thanks Lewis, I enjoyed you being my order flow.....ROTFL.

Email are coming in by the hundreds now......ok maybe just this one.....ROTFL

Oh I got an email from a fan......and of course......they don't understand the first bar trade.....you only need price to take the first bar trade....why can't everyone understand that there are 3 types of trades that I use in my trading plan.....
1. First 3m bar.
2. Ideal setup.
3. Scalpers setup.

Here is the email from a fan....I THINK

Date: Sun, 2 Oct 2005 07:14:33 -0700 (PDT)
Yahoo! DomainKeys has confirmed that this message was sent by yahoo.com. Learn more
Subject: Your Blog
To: dbolze@yahoo.com

So you say that you don't need a secret coded sidewinder system, you don't need indicators...you just need price bars. Over and over and over again you preach to keep it simple.
I concede that you may be one of the most profitable traders on the board, but simple it is not. Dennis, you are a big fraud.
You use Trin and Tick and Ticki and Prem and CCI and double-smoothed Stoc and UVOL and DVOL and Keltner and LSMA and Ergodic and Fibonacci and a sweet wife who will stand up to your bullying ways and ensure that your trades are covered objectively according to your trading plan and not your whims.
You get no takers on your trading challenge because it is obvious that the contest would be rigged in your favor
To convince me that it is a good-faith challenge, the contest would have to involve a single product such as the Russel (which you presently trade) , just price bars alone without accoutrements, and no sweet wife to ensure discipline (you frequently preach that discipline is the most important part of trading).The contest should be a demonstration of trading skill and not a battle of indicator crutches. And to cut down on the variables of slippage, commissions, and deep pockets, a specific amount of contracts to be traded en toto, perhaps no more than 50 ( that is per session, not per trade)
I enjoy reading your blog, especially about your home-building experiences. I would also enjoy reading your thoughts about trading with just the price bars, and perhaps no more than 1 or 2 other accoutrements.

I did enjoy the crack about my wife and my bullying ways......I guess you never met my wife then. I watch the markets which includes a number of stocks and we do a few options from time to time besides trading the futures. My wife and I are a team and we enjoy working together for a common goal.....

About using the internals......and stoch along with some other toys.....those each a cetain function.....the scalping type of trade, I use mostly the internals.....

But for the ideal setup I use time and price squaring (fib numbers) along with the ECO higher time frame, the stoch to find a good safe low risk trade.

As far as a trading challenge, and it being stacked in my favor......WELL HECK YEA....you spend all day waiting for the perfect setup..stacking the odds in your favor don't you.......why won't a trading challenge be the same way, I am not going to waste my time playing game........ANY MORE.

About being a big fraud......well just one thought on that!! Why do you continue to read the blog.....why haven't you put my nickname on ignore.....what indicator did I sell you....what system did I sell you....what books did I sell you....what data provider do you have to subscribe to, that I require to be part of the gang..... I have only shared a "few" ideas about trading and gave that all away to anyone who found value in them after they "took the time to study them". If it doesn't or didn't work for you that is fine.....MOVE ON TO BOB.......his number is 888-272-7652.

This morning my first bar trade again kicked butt.....and if you didn't take it that is fine with me.
If you took it and made some money, that is fine with me.
If you counter-trend trade it, that is fine with me also and thanks for the order flow.

When I finished my new house, there is a 3,000 square foot conference room for us to get together and trade live for 3-5 days, if you like. COST.......there won't be any cost except for your motel room, gettin here and buying your own dish of banana puddin......OH YEA .....PEACE BRO....

The "Golden Boy" of Chicago ..........times are a changing

NEWS ALERT: IMMEDIATE RELEASE: WEDNESDAY SEPTEMBER 28, 2005, CHICAGO, IL:
The Chicago Mercantile Exchange said Tuesday it fined Lewis Borsellino, one of its most combative characters, $50,000 and ordered him to sell his membership for allegedly trying to avoid making good on several losing trades.

The action means Borsellino, 48, won't be swinging his fists on the trading floors anytime soon. He was known for getting into scrapes with others in the pits and his track record at the Merc includes several minor infractions, mostly along the lines of "conduct that impairs the dignity'' of the exchange.

In 1999, Borsellino published a book about his career titled The Day Trader: From the Pits to the PC. It actually contained little about day trading and more about his pugilism and the challenges he faced growing up as the son of Tony Borsellino, a reputed mob hit man who himself was assassinated.

Duked it out for prime space

The trader's tales of winning slugfests to gain coveted standing areas in the pits irritated Merc bosses, who were intent on burnishing the image of futures trading in preparation for making the exchange a public company.

In its decision posted Tuesday, the Merc said Borsellino tried to avoid responsibility for several trades in 2001 and 2003 and impeded an arbitration that eventually led to restitution. In ordering him to sell his membership, the Merc barred him from reapplying for three years.

Borsellino, who agreed to the findings without admitting wrongdoing, said the decision won't crimp his style much. He said he's been retired from futures trading for two years and won't come back. He now spends time developing retirement communities Downstate.

Also, Borsellino is pursuing a lawsuit against Gerald Putnam, chief executive of the Chicago-based Archipelago stock exchange, which is being absorbed into the New York Stock Exchange. Borsellino accused Putnam of cheating him out of an interest in the business that became Archipelago.

He's claimed that he used to account for 10 percent of daily volumes in the S&P futures pits. But that business has migrated from open-outcry pits to computers.

Borsellino admitted he's not fond of the transition.

"I don't even look at the markets anymore," he said. "I've done it for so long, I'm done. And there's no volatility.''

Asked if the penalties were the Merc's payback for past actions, Borsellino said, "I don't know what motivates the individuals in the compliance department. It is a source of revenue now and it has a big budget.''

A Merc spokesman declined to discuss the case, following the policy for disciplinary announcements.

Borsellino remarked that the old Wild West-image of trading is obsolete and mused about the day when the Merc builds a display to show what open-outcry was like.

"I'm sure they'll make me a dummy in the wax museum,'' he said.

Vegas was once and open town for interesting behavior then the corps took over....seems the CME (a public company) is going the same route.....times they are a changing.......the first ones now will later to last.......PEACE BABY

We all live in loops.....

We have decided to stay another day in Vegas since we are having a great time seeing shows, shopping and of course.....THE FOOD. So many places and so little time.

I was thinking, not sure why, about loops....not fruit loops but loops....ROTFL. In Trade Station when you want to trigger a trade that has setup, but then you got an inside bars, well you have reference back "X" number of bars...as long as it is printing inside bar after your setup bar.......that process is called looping.

But I got to thinking about the prop trading room I was in on Friday watching and talking to some of the traders there. I am been in trading rooms in Boca, Ft Lauderdale, Orlando, Chicago over the past year or so and there is a common thread amoung all of them and it's has to be looping.

Well, you know what goes around comes around....my circle of friends....the circle can't be unbroken...and on and on. In our business, it's easy to get into a loop or circle...and endless circle at times. Those of us in TradersHaven for example, are a tight little group trading one way so to speak, then you the Duke of Wood who has his followers trading another way and there are hundreds of these rooms on Paltalk, MIRC, Present Express, Hotcomm, Yahoo and on that goes. Each believing they have it all figured out. But in the real world, a big as the Woodchipper was before "THE CHEESE" blow his doors off....only 10, maybe 15 ever heard of the room must less anybody else....they were in their own little loop with their own fellow friends or traders.

Back in early 2003, I found the Woodwinder, by accident, I already had developed my style of trading, had my trading plan in place along with my money management and trade management but I had ever looked at the indicator because it was available in every software package out there ...and for FREE.....but the idea of using this indicator AFTER you entered a trade against price was a God sent. You have the perfect setup, it triggers and you enter the trade......then WHAT. Well, if the price doesn't move while the CCI moves.....then the odds of this being a successful trade goes down big time. So by using it to just measure the momentum coming in against price worked like a charm. Now I don't like the Bollingers Band at all, but it can also do the same thing. Once I had figured out what was actually going on, I had to personally back away and as time has moved forwarded, what I talked about in April of 2004 has become clearer then ever and many others have also moved into other loops.....

I currently have several loops that I travel in every day....my family, the church crowd, couple of charities, couple of little people and their moms, contractors and workers, UT sports, music, and those who I know trading. I also believe that it's important not to find yourself in just one loop,......it's important that you don't just watch the news, sit at your computer trying to trade and don't go outside and met people and be involved in other things. First, I think you might become a little paranoid...and second you might obtain a false bias or opinion that you will try to express in the markets....that is deadly for sure.

BobCathy was right in one sense, except she really didn't know me personally when she told me to get out and talk to people.....but that is OK. I'm sure the information she had at hand might also have had a slant on it or a hidden agenda.

Everyone wants to know how to find the holy grail.......but the HOLY GRAIL is not in your charting package.......It's entirely something else, and once you find it....NO ONE CAN TAKE IT AWAY.....